The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookiesbefore using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Abigail with attitude: A tale of two London flotations

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 shellthat 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. Arnold Ekpe, the former chief executive of Africa’s Ecobank, will chair the group.

Atlas Mara raised $325 million of initial capital from investors and, according to the prospectus, will focus on "acquiring a company or business in the financial services sector with all or a substantial portion of its operations in Africa".

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?