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 Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.

Bill Harrison and Bob Diamond: BZW's new coaches play it rough

A new generation of managers has taken over at BZW following David Band's untimely death in March. New chief executive Bill Harrison is a tough, no-nonsense British merchant banker. In his first major interview Harrison explains his view of the bank's future, his player-coach approach and why BZW isn't Deutsche Morgan Grenfell. But, first, we profile the efforts of the other man on the touchline, the smooth American Bob Diamond, and his dramatic first three months as head of the firm's most turbulent division, fixed income. By Steven Irvine

Bill Harrison: A man in a hurry


Inside Ebbgate House, the sheer size of the deal had the champagne corks popping. One estimate has it that 100 bottles were drunk.


Bob Diamond, just two months into the job, could afford a smile. BZW's new head of global markets had scored a rare coup in winning the mandate to launch the UK's $2 billion floating-rate note. BZW's status as sole bookrunner, where it, and not joint-leads NatWest Markets or HSBC Markets, gains all the league-table credit, sent out a powerful message: BZW has emerged as the UK's best chance of having an investment bank in the big league.

Diamond's appointment further confirms this. A fresh-faced 44-year old, he is an archetypal product of Wall Street, his career divided between two of its most powerful firms, Morgan Stanley and CS First Boston ­ the sort of high-profile banker who had always seemed beyond the reach of BZW's recruiters. His nickname at CS First Boston ­ although he denies any knowledge of it ­ was "the Coach", and he looked set for the big job: that of CSFB boss Allen Wheat.

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.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

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

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, 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

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree