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Lex: Barclays Capital
The days of true investment banking partnerships are dead, at least for the big banks. But that has not stopped Barclays Capital from seeking to recreate a partnership-style ideology among its top deal makers. Although part of a listed UK bank, Barcap has a so-called "partnership committee" that promotes managing directors as part of a "partnership promotion" process. Interest in the idea comes in the wake of the financial crisis, which has reinvigorated talk of a return to the partnerships of yore. Luke Templeman analyses the prospects of the UK bank introducing a partnership model.