(Bloomberg) -- Hugh “Skip” McGee isn’t just the head of a British bank’s Americas division. He is one of its most lavishly paid officials and the only former Lehman Brothers Holdings Inc. alumnus on the executive committee.

When Barclays announced yesterday that McGee is stepping down from that role at the end of the month, it meant the London-based firm will lose a banker seen by U.S. colleagues as their advocate for risk, pay and aggressiveness.

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