Abigail with attitude: A tale of two London flotations

Abigail Hofman
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Against this confusing backdrop, life goes on. A friend who is a senior banker in Asia reports that during a brief visit to London he arranged to meet one of his best clients, an Indian tycoon, at Claridge’s Hotel for tea. Suddenly, the wife of the tycoon jumped up and started embracing what appeared to be an elderly gentleman. "How are you?" she exclaimed. "What are you doing now? We’ve missed you."

The man was Bob Diamond, the former chief executive of Barclays Bank. Diamond, who was brutally ejected from the UK bank in the summer of 2012, has now started his own ‘blind vehicle’, Atlas Mara. Atlas Mara is a cash shell that floated on the London Stock Exchange in December 2013. Diamond has joined forces with Ashish Thakkar, the 32-year old head of Mara Group, a conglomerate with businesses in over 15 African countries....