Diamond comes out of the rough.
MarketWatch reports that former Barclays Chief Executive Bob Diamond, ousted after the Libor scandal hit his bank, has held talks to invest in a new trading platform in London, according to Financial News.
Diamond is one of several people to hold talks with Aquis Exchange, described as a pan-European equities trading platform, which is set to launch later this year, according to the report. No agreement has been finalised with the new exchange.
The Wall Street CEO left under a cloud of scandal after regulators accused the bank and several executives of rigging the London Interbank Offered Rate and paid $455 million as part of the settlement.
It’s a rarified tier for an executive to leave at the top and move onto something else.
'At that level, they don’t look for jobs,' said Sanjeev Sharma, recruiter at executive search firm Michael Page. 'These CEOs can take the time to find the next big seat while they work on their own business ventures and investments.'
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