Bob Diamond, former chief executive officer of Barclays Plc, said his investment firm is seeking to acquire African financial-services companies that can help businesses manage currency and commodity risks on the continent.
As 1,100 managing directors from Barclays Capital descended on the Grosvenor House hotel near London’s Hyde Park in late September, they had more to celebrate than having successfully swallowed the North American unit of Lehman Brothers Holdings Inc. two years earlier. Their guy, Bob Diamond , the Massachusetts-born founder of Barclays Capital, had just been handed the top job at parent Barclays Plc in a sign of how he had transformed the 320-year-old British institution in his 14 years as investment bank chief, Bloomberg Markets magazine reports in its January issue.
Atlas Mara Co-Nvest Ltd., an African investment company started by former Barclays Plc Chief Executive Officer Bob Diamond and Ugandan entrepreneur Ashish Thakkar, raised $325 million in an initial public offering.
Antony Jenkins, chief executive officer of Barclays Plc, said it may take a decade to rebuild trust in the bank after a series of scandals from interest-rate manipulation to selling customers insurance they didn’t need.
Robert Diamond, who quit as head of Barclays Plc last week after allegations that interest rates had been rigged, denied he misled Parliament on relations with regulators and said he’d be willing to discuss the matter again.
Hugh E. McGee III, a former Lehman Brothers Holdings Inc. oil banker, fired his gun into upstate New York’s sky last year. Clients and colleagues, who know him as Skip, watched the one duck tagged with a ribbon fall.