Barclays Ex-CEO Diamond Takes Stake in Investment Bank Cascadia

Bob Diamond
Photographer: Victor J. Blue/Bloomberg

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By Max Reyes

September 14, 2022 at 11:00 AM UTC

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A firm run by former Barclays Plc Chief Executive Officer Bob Diamond is taking an equity stake in middle-market investment bank Cascadia Capital as the advisory business looks to expand.

An investment fund tied to Diamond’s New York-based Atlas Merchant Capital will provide Seattle-based Cascadia with a “strategic growth equity investment,” the companies said in a joint statement Wednesday. Terms weren’t disclosed.