Diamond Would Be Catch for Investment, Private Equity
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If Robert Diamond can’t recover in banking after resigning as Barclays Plc’s chief executive officer amid the firm’s record regulatory fines, he would still be a sought-after prospect in another field: investment funds.
Diamond, 60, could easily start a new career at a private-equity firm or hedge fund, according to executive recruiters in the U.S. and the U.K. It’s a path worn by ousted heads of financial firms including former Fannie Mae CEO Daniel Mudd. Diamond’s chance of getting another job leading a big, publicly traded bank is slim, the recruiters said.