Bob Diamond Goes Where He's Pretty Sure No One's Ever Heard Of Him


In between friendly discussions under oath, the former Barclays chief is plotting his comeback. In Africa. With a little help from a 32-year-old Ugandan billionaire.

Mr. Diamond, 62, is raising money for a $250 million vehicle that would invest in the banking business in Africa. The corporate shell, known as Atlas Mara, would list in the coming weeks on the London Stock Exchange, according to people briefed on the matter.

The American executive is teaming up with Ashish J. Thakkar, 32, an entrepreneur whose Mara Group conglomerate has technology, manufacturing and real estate operations and interests in 19 African countries. Mr. Thakkar began his career by setting up a technology business in Uganda at age 15. (The name of the cash-shell vehicle reflects the conglomerate and Atlas Merchant Capital, a merchant bank Mr. Diamond has founded.

Robert Diamond Aims to Make Banking Comeback – in Africa [DealBook]


Bob Diamond's Daughter Releases Statement Re: Father's Firing

While most offspring are typically not available for comment following the resignations, voluntary or otherwise, of their banker dads (lookin' at you, Jimmy Cayne, Jr.), earlier today prolific Tweeter Nell Diamond had this to say to the Brits who have been cheering her father's departure: "George Osborne and Ed Miliband you can go ahead and #HMD." Unfortunately the note has since been deleted (and replaced with "No one in the world I admire more than my dad. 16yrs building Barclays. Shame to see the mistakes of few tarnish the hard work of so many") but the vigorous defense was appreciated nonetheless. Previously Nell, a 2011 Princeton graduate, has had words for Ben Bernanke ("you know what bernanke? maybe tomorrow I will make lots of "projections" and YOU will miss the dumpling truck. how ya like them apples B?"), the slag heaps at Coachella ("every girl at coachella looks like pocahontas went to burning man. ugh. you probably can't even pronounce rodarte"), and the amateur hour fucks who think her name is Neil and who she should stab with a trident ("number of people who have called me neil today: 4 via email, 1 via phone. number of people to add to my billy madison lipstick kill list: 5."). Bob Diamond's Daughter Defends Her Dad [NS via DI]