Career Alternative for Failed Banker – Financial Adviser
Sensible alternative for former Northern Rock boss Adam Applegarth? The man in charge when a run on the bank occurred has found new employment – as a financial adviser to a US private equity firm. He will act as a senior adviser New York’s Apollo Management – his first position since quitting the bank with a £760,000 payoff and £2.2million pension in December 2007 reports the Mail. And as he will not acually be a full-time director, FSA approval will not …
Sensible alternative for former Northern Rock boss Adam Applegarth? The man in charge when a run on the bank occurred has found new employment – as a financial adviser to a US private equity firm.
He will act as a senior adviser New York’s Apollo Management – his first position since quitting the bank with a £760,000 payoff and £2.2million pension in December 2007 reports the Mail. And as he will not acually be a full-time director, FSA approval will not be required.
Nice manouver, but he should bear in mind the fate of an ex-RBS banker who ran into problems in his new job as a headhunter.
The man who brought Northern Rock to its knees lands a new job… as a financial adviser [The Mail]
