Ex-Barclays Chief Launches P.E. Biz, Hires J.C. Flowers Exec.

Jan 29 2014 | 11:40am 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.


In Depth

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

 

From the current issue of