
Bob Diamond
Barclays investment banking growth, Libor scandal, European investment banking culture
Bob Diamond joined Barclays in 1996 and built Barclays Capital from a modest fixed income operation into one of Europe's leading investment banks, including acquiring the North American operations of Lehman Brothers after its collapse. He became CEO of Barclays Group in 2010. Diamond became a defining figure in European investment banking until he resigned in July 2012 at the height of the Libor rate manipulation scandal, which revealed that Barclays traders had attempted to manipulate global benchmark interest rates. He later founded Atlas Merchant Capital, focused on African banking. Diamond's work at Atlas Merchant Capital has focused on building financial services businesses in Sub-Saharan Africa and other emerging markets, applying the capital markets and commercial banking expertise he developed over a long career to underserved markets with significant growth potential.
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