· Atlas Mara: What went wrong at Bob Diamond and Ashish Thakkar's bank. By Aurélie M'Bida Posted on Monday, 16 November 2020 10:54, updated on Monday, 23 November 2020 11:49 . Nkosana Moyo independent nonexecutive director of Old Mutual plc, African media expert Biola Alabi, British journalist Adrian Finighan, Nigeria's Finance Minister Ngozi OkonjoIweala and Bob Diamond, .
Atlas Mara was founded on November 28, 2013 by former Barclays Executive Bob Diamond and entrepreneur Ashish Thakkar through Atlas Merchant Capital LLC and Mara Group Holdings Limited as their investment vehicles respectively. Atlas Merchant held 80% while Mara Group held 20% of the venture upon incorporation.
· Diamond, who quit as Barclays chief executive officer in July 2012 after the British bank was fined for manipulating benchmark interest rates, and Ugandan entrepreneur Ashish Thakkar raised 325million in an initial public offering for Atlas Mara in December. The investment firm, to which Diamond and Thakkar committed 20million of their own money, is looking for African financial .
· Bob Diamond cofounded Atlas Mara in 2013. (EPA) Bob Diamond, the former boss of Barclays, has taken another step in repairing his damaged corporate .
· · Bob Diamond, Director and CoFounder of Atlas Mara, said: 'I am delighted that John has agreed to become Atlas Mara's CEO. I have worked with him over many years. He is a business builder ...
Atlas Mara Limited is a rapidly growing subSaharan African financial services group listed on the London Stock Exchange. Since its founding by Bob Diamond and Ashish J. Thakkar in late 2013, we have acquired, by way of four transactions, control of (or significant stakes in) banking operations in seven subSaharan African countries, including Botswana, Zimbabwe, Zambia, Tanzania, .
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· Diamond's Atlas Mara names new directors as cofounder steps down The African banking group announces four board members following financing agreement with Fairfax. Bob Diamond Getty Images By. Tim Burke. Tuesday October 3, 2017 9:20 am. The African banking group set up by former Barclays boss Bob Diamond has named four new directors to its board and announced that .
· Diamond's Atlas Mara Hits Turbulence, Posts Loss In First Quarter. Written by Kevin Mwanza May 27, 2016. Subscribe. 43. SHARES. Share Tweet. Atlas Mara, an investment vehicle partly owned by former Barclays Chief executive Bob Diamond, recorded a 2 million loss in the first three months of this year dragged lower by poor performance in its Southern Africa business. The company, .
· Atlas Mara CEO resigns. On Feb 17, 2017 549. Dubaibased financial executive John Vitalo has inexplicably resigned from Atlas Mara, the seventier .
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· Atlas Mara, the African finance company cofounded by former Barclays Plc boss Bob Diamond, posted a loss for the first quarter and said its full .
· 1 Apr 2014. Robert Diamond's Atlas Mara CoNvest agreed to buy ABC Holdings and ADC African Development Corporation for as much as 265million in the first acquisition by the investment firm of ...
· Atlas Mara, the finance company cofounded by former Barclays Chief Executive Officer Bob Diamond, said it's held talks with investors on a potential bid for the UK lender's operations in ...
· Atlas Mara's assets are around 2,4 billion, compared with Barclays Africa's 75 billion in assets. Meanwhile, Mr Diamond's other main vehicle, Atlas Merchant Capital, has been looking for ...
· Johannesburg Atlas Mara, the company cofounded by former Barclays CEO Bob Diamond to buy lenders in Africa, fell to a record low as concern over the health of .
· Bob Diamond's African investment vehicle Atlas Mara said it is raising US200m from Fairfax Africa and existing shareholders to kickstart the bank after a tough three years since listing. Atlas Mara, which has been buying up banking assets with the aim of becoming the leading bank in Africa, plans to sell US100m of new shares to Fairfax Africa and existing investors, and sell US100m of ...
· Atlas Mara, an investment company focusing on investing in African financial institutions that was formed by the former Barclays executive Robert Diamond Jr., has made its first purchase by acquiring a majority stake in a ABC Holdings, DealBook reported. Diamond Jr., who was ousted nearly a year ago amid a ratefixing scandal, raised 325 million end of last year through Atlas Mara, a venture ...
· · Atlas Mara Ltd., the African banking group started by former Barclays Plc Chief Executive Officer Bob Diamond, agreed to sell its Rwandan and Tanzanian operations as the lender started talks with debt holders about upcoming repayments. Kenya's biggest bank KCB Group Plc will buy a % stake in the Rwanda business and Atlas Mara's Tanzanian unit to further expand .