Robert Diamond
Encyclopedia
Robert Edward "Bob" Diamond, Jr. (born Holyoke, Massachusetts
, July 27, 1951) is an American
banker, currently Group Chief Executive of British bank, Barclays Plc. He is also Chief Executive of Corporate & Investment Banking and Wealth Management, comprising Barclays Capital
, Barclays Corporate and Barclays Bank. Diamond is Executive Director of the Boards of Barclays Plc and Barclays Bank Plc and has been a member of the second largest British
-based banking group's Executive Committee since September 1997. He joined the firm in the summer of 1996.
Bob Diamond was voted the 37th in New Statesman’s annual survey of the world's 50 most influential figures Who Matter 2010.
From 1 October 2010, Bob Diamond became Deputy Group Chief Executive. He succeeded John Varley as Group Chief Executive on 1 January 2011.
in 1973. He was awarded an MBA from the University of Connecticut
Business School, graduating first in his class.
Diamond was formerly Vice Chairman and Head of Global Fixed Income and Foreign Exchange at CS First Boston. Based in New York, he was a member of the Executive Board and Operating Committee of CS First Boston.
Diamond joined CS First Boston in 1992. Based in Tokyo, he was Chairman, President and Chief Executive Officer of CS First Boston Pacific, responsible for Investment Banking, Equity, Fixed Income and Foreign Exchange for the Pacific region.
Previously, Diamond was Managing Director and Head of Fixed Income Trading for Morgan Stanley International, spending 13 years with the firm.
Diamond led the effort to purchase key assets of Lehman Brothers
after its bankruptcy, instantly giving Barclays a key foothold in investment banking.
On 7 September 2010, it was announced that Diamond will succeed John Varley who intends to step down as Group Chief Executive in 2011.
It was announced by Barclays in early 2011 that Diamond would receive an annual bonus of £6.5 million in 2011, the largest of any CEO of an English bank.
, Chelsea
in Association Football, the Patriots
in American Football
, and the Celtics
in Basketball
. Diamond is a Republican
and an advisor to Conservative
Mayor of London
Boris Johnson
.
Diamond is Chairman of the Board of Trustees of Colby College in Waterville, Maine; Chairman of Old Vic Productions Plc; Trustee of The Mayor’s Fund for London; Member of the Advisory Board, Judge Business School at Cambridge University; Member of International Advisory Board, British-American Business Council; Life Member of The Council on Foreign Relations; and Member of the Atlantic Council.
Holyoke, Massachusetts
Holyoke is a city in Hampden County, Massachusetts, United States, between the western bank of the Connecticut River and the Mount Tom Range of mountains. As of the 2010 Census, the city had a population of 39,880...
, July 27, 1951) is an American
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
banker, currently Group Chief Executive of British bank, Barclays Plc. He is also Chief Executive of Corporate & Investment Banking and Wealth Management, comprising Barclays Capital
Barclays Capital
Barclays Capital is a global British investment bank. It is the investment banking division of Barclays plc which has a balance sheet of over £1.2 trillion . Barclays Capital provides financing and risk management services to large companies, institutions and government clients. It is a primary...
, Barclays Corporate and Barclays Bank. Diamond is Executive Director of the Boards of Barclays Plc and Barclays Bank Plc and has been a member of the second largest British
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
-based banking group's Executive Committee since September 1997. He joined the firm in the summer of 1996.
Bob Diamond was voted the 37th in New Statesman’s annual survey of the world's 50 most influential figures Who Matter 2010.
From 1 October 2010, Bob Diamond became Deputy Group Chief Executive. He succeeded John Varley as Group Chief Executive on 1 January 2011.
Biography
Born into an American family, Diamond is one of 7 children. He graduated from Concord- Carlisle High School in Concord, Massachusetts in 1969 and received a BA in Economics from Colby CollegeColby College
Colby College is a private liberal arts college located on Mayflower Hill in Waterville, Maine. Founded in 1813, it is the 12th-oldest independent liberal arts college in the United States...
in 1973. He was awarded an MBA from the University of Connecticut
University of Connecticut
The admission rate to the University of Connecticut is about 50% and has been steadily decreasing, with about 28,000 prospective students applying for admission to the freshman class in recent years. Approximately 40,000 prospective students tour the main campus in Storrs annually...
Business School, graduating first in his class.
Career
He began his career as a lecturer at the School of Business, University of Connecticut from 1976-1977.Diamond was formerly Vice Chairman and Head of Global Fixed Income and Foreign Exchange at CS First Boston. Based in New York, he was a member of the Executive Board and Operating Committee of CS First Boston.
Diamond joined CS First Boston in 1992. Based in Tokyo, he was Chairman, President and Chief Executive Officer of CS First Boston Pacific, responsible for Investment Banking, Equity, Fixed Income and Foreign Exchange for the Pacific region.
Previously, Diamond was Managing Director and Head of Fixed Income Trading for Morgan Stanley International, spending 13 years with the firm.
Diamond led the effort to purchase key assets of Lehman Brothers
Lehman Brothers
Lehman Brothers Holdings Inc. was a global financial services firm. Before declaring bankruptcy in 2008, Lehman was the fourth largest investment bank in the USA , doing business in investment banking, equity and fixed-income sales and trading Lehman Brothers Holdings Inc. (former NYSE ticker...
after its bankruptcy, instantly giving Barclays a key foothold in investment banking.
On 7 September 2010, it was announced that Diamond will succeed John Varley who intends to step down as Group Chief Executive in 2011.
It was announced by Barclays in early 2011 that Diamond would receive an annual bonus of £6.5 million in 2011, the largest of any CEO of an English bank.
Personal life
Diamond has three children: Robert, Nell, and Charlie. An avid sports fan, supporting the Red Sox in BaseballBaseball
Baseball is a bat-and-ball sport played between two teams of nine players each. The aim is to score runs by hitting a thrown ball with a bat and touching a series of four bases arranged at the corners of a ninety-foot diamond...
, Chelsea
Chelsea F.C.
Chelsea Football Club are an English football club based in West London. Founded in 1905, they play in the Premier League and have spent most of their history in the top tier of English football. Chelsea have been English champions four times, FA Cup winners six times and League Cup winners four...
in Association Football, the Patriots
New England Patriots
The New England Patriots, commonly called the "Pats", are a professional football team based in the Greater Boston area, playing their home games in the town of Foxborough, Massachusetts at Gillette Stadium. The team is part of the East Division of the American Football Conference in the National...
in American Football
American football
American football is a sport played between two teams of eleven with the objective of scoring points by advancing the ball into the opposing team's end zone. Known in the United States simply as football, it may also be referred to informally as gridiron football. The ball can be advanced by...
, and the Celtics
Boston Celtics
The Boston Celtics are a National Basketball Association team based in Boston, Massachusetts. They play in the Atlantic Division of the Eastern Conference. Founded in 1946, the team is currently owned by Boston Basketball Partners LLC. The Celtics play their home games at the TD Garden, which...
in Basketball
Basketball
Basketball is a team sport in which two teams of five players try to score points by throwing or "shooting" a ball through the top of a basketball hoop while following a set of rules...
. Diamond is a Republican
Republican Party (United States)
The Republican Party is one of the two major contemporary political parties in the United States, along with the Democratic Party. Founded by anti-slavery expansion activists in 1854, it is often called the GOP . The party's platform generally reflects American conservatism in the U.S...
and an advisor to Conservative
Conservative Party (UK)
The Conservative Party, formally the Conservative and Unionist Party, is a centre-right political party in the United Kingdom that adheres to the philosophies of conservatism and British unionism. It is the largest political party in the UK, and is currently the largest single party in the House...
Mayor of London
Mayor of London
The Mayor of London is an elected politician who, along with the London Assembly of 25 members, is accountable for the strategic government of Greater London. Conservative Boris Johnson has held the position since 4 May 2008...
Boris Johnson
Boris Johnson
Alexander Boris de Pfeffel Johnson is a British journalist and Conservative Party politician, who has been the elected Mayor of London since 2008...
.
Diamond is Chairman of the Board of Trustees of Colby College in Waterville, Maine; Chairman of Old Vic Productions Plc; Trustee of The Mayor’s Fund for London; Member of the Advisory Board, Judge Business School at Cambridge University; Member of International Advisory Board, British-American Business Council; Life Member of The Council on Foreign Relations; and Member of the Atlantic Council.