NEW YORK--(BUSINESS WIRE)--The last graph of release dated Jan. 27, 2014 has been replaced.
The corrected release reads:
DAVID SCHAMIS JOINS ATLAS MERCHANT CAPITAL
Atlas Merchant Capital, founded in 2013 by Bob Diamond, today announced that David Schamis, formerly a Managing Director at J.C. Flowers & Co. LLC, a private equity firm that invests in financial services firms, has joined Atlas as a Founding Partner. At Atlas, Mr. Schamis will oversee the firm’s private equity investing.
“David is a financial services powerhouse and a consummate dealmaker,” said Diamond. “He brings to Atlas over thirteen years of private equity experience at J.C. Flowers and, from his time at Salomon Brothers, has been known as one of a small handful of bankers that other bankers want as their banker. He will be an enormous asset to Atlas as we pursue investments that have become available due to dislocations in the financial services industry worldwide.”
Said Schamis, “For nearly fifteen years, I have had the privilege of working with Chris Flowers, one of the sharpest minds in the financial services investing sector. I have tremendous respect for all he has accomplished and appreciate the opportunities I have had working with him. As I look to my future, the opportunity to work with Bob Diamond as a founding partner in this new venture is too compelling to pass up. Bob is one of the world’s most accomplished bankers and his track record in building and selling Barclays Global Investors, and in buying Lehman during the financial crisis – two of Barclays’ most successful transactions ever – is legendary. The opportunities in global financial services are significant and I am excited about my next chapter with Atlas.”
Mr. Schamis joined J.C. Flowers in May 2000. Prior to that, he worked in Salomon Brothers’ (now Citigroup’s) financial institutions investment banking group. He has served on multiple financial institution boards, including as chairman of Ascensus Retirement Services (formerly Crump Group, Inc.) and Fox-Pitt Kelton.
In 2007 and 2008, Investment Dealers’ Digest magazine selected Mr. Schamis for its list of “40 Under 40”. He has a B.A. in Economics from Yale University.
About Atlas Merchant Capital
Mr. Diamond founded Atlas Merchant Capital in 2013 to invest across the financial services industry. In December 2013, Atlas launched Atlas Mara Co-Nvest Limited in an initial public offering of $325 million.
About Bob Diamond
Mr. Diamond was formerly Chief Executive of Barclays PLC. He joined the bank in 1997 as a member of the executive committee to create the investment banking and trading subsidiary Barclays Capital. Under his leadership, between 1997 and 2012, Barclays Capital’s profit before tax increased from $400 million to $6.4 billion and between 2001 and 2007 Barclays Global Investors’ profit before tax increased from $100 million to $1.5 billion.