Saturday, 28 March 2015
Last updated 1 day ago
Jan 29 2014 | 10:40am ET
Former Barclays CEO Robert Diamond's new venture is launching a private-equity business.
Atlas Merchant Capital, set up by Diamond last year, has hired J.C. Flowers & Co.'s David Schamis as a founding partner to lead the effort. Schamis called the opportunity "too compelling to pass up."
"Bob is one of the world's most accomplished bankers and his track record in building and selling Barclays Global Investors and in buying Lehman during the financial crisis—two of Barclays' most successful transactions ever—is legendary," Schamis said.
Diamond was forced out of Barclays in 2012 amidst the rate-rigging scandal at the bank. Late last year, Atlas teamed with Ugandan billionaire Ashish Thakkar to launch a vehicle investing in African banks.
Schamis had been with J.C. Flowers since 2000.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…