The world's securities firms are poised for 10 years of growth,according to Hans-Joerg Rudloff, the former chairman of thatbusiness at Barclays Plc.

“Investment banking has a brilliant future,” Rudloff, 73, saidin an interview in Milan on April 16, making his first publiccomments on the business since retiring from Barclays in February.“The industry is looking at a golden decade.”

The growing need for capital will propel profits, oncesecurities firms finish adapting to tighter rules designed toprevent a repeat of the financial crisis and shield depositors fromtrading losses, said Rudloff, who during his five-decade careerhelped foster the expansion of the Eurobond market in the1980s.