Bob Diamond Said Weighing Backing Barclays Alumni In Venture

Bob Diamond at World Economic Forum

Bob Diamond, who stepped down as head of Barclays last year amid a rate-rigging scandal, is considering backing a firm started by former executives at the bank’s investment unit that was acquired by BlackRock in 2009, according to a person familiar with the matter.

Bloomberg reports that Diamond, in one of his first moves since resigning after Barclays’s $436.2m fine for manipulating global interest rates, is in talks to provide capital to Incapture LLC, according to the person, who asked not to be identified because the information isn’t public.

The one-year-old firm is planning to start investment strategies including a hedge fund supported by technology it’s developed.

Diamond, 61, would be supporting former colleagues including Peter Knez and Mark D’Andrea. Knez, former chief investment officer of fixed income at Barclays Global Investors and then BlackRock, founded Incapture in 2012. He has recruited at least eight former BGI executives to join him, including D’Andrea, who worked with large institutional clients at BGI and BlackRock before joining hedge-fund firm HighBridge Capital Management LLC in January 2011.

Hit the link below to access the complete Bloomberg article:

Diamond Said to Weigh Backing Barclays Alumni in Venture

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image: © World Economic Forum

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