UK - Rock situation comes to a head
The fate of beleaguered lender Northern Rock will be known by the end of this week, according to reports. The matter is coming to head with an extraordinary general meeting scheduled for tomorrow. It is understood that insiders believe that there is now a sub-50% chance that Northern Rock will be sold and nationalisation is more likely despite it being the less favoured option by Chancellor Alistair Darling.
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FirstAvenue appoints Chronias as capital solutions group head
Nick Chronias will lead the firm’s focus on private credit and private infrastructure secondaries
Riverside appoints Höppner as chief sustainability officer
Dörte Höppner joined the GP in 2017 and will be responsible for its ESG initiatives globally