Former Barclays Bank exec sells Stanhope pad

Images of 995 Fifth Avenue and Jerry del Missier
Images of 995 Fifth Avenue and Jerry del Missier

Former Barclays Bank chief operating officer Jerry del Missier — the Canadian native who was entangled in the Libor scandal that cost the bank over $450 million in settlement payments — has sold his pied-a-terre apartment inside the former Stanhope Hotel at a slight loss, according to records filed with the city this afternoon. The 4,118-square-foot space traded hands for roughly $12.4 million — approximately $418,000 less than what he paid for it in 2008.

The pad hit the market last January for $12.5 million, as The Real Deal reported. Laurie Silverman of Halstead Property had the listing, which later lowered its ask to $12.25 million.

A message to a Halstead representative seeking comment and information about why del Missier sold the home was not immediately returned.

Del Missier’s tenure as COO was short-lived: He abruptly resigned in July 2012, just weeks after receiving his promotion, after regulators discovered he told traders to lie about Barclays’ Libor submissions during the 2008 downturn. He reportedly misinterpreted comments made by bank CEO Bob Diamond to lower borrowing costs falsely in filings following an October 2008 phone call between Diamond and Paul Tucker, the deputy governor of the Bank of England. The interest rate scandal also brought about Diamond’s resignation and that of chairman Marcus Agius.

Del Missier could not immediately be reached for comment.

The pad comes equipped with three bedrooms (there’s potential to convert the space back to its original four-bed condition) and 4.5 bathrooms. The living room looks out onto the Metropolitan Museum and the master suite has his-and-hers closets and a marbled bathroom. Coffered ceilings and a temperature-controlled wine cave are other amenities of note.

The buyer, listed as an LLC, could not immediately be identified. — Zachary Kussin

 

No Comments Yet

Comments are closed