The former chief executive of Northern Rock has resigned from Apollo Global Management, according to The Times. Adam Applegarth resigned from Northern Rock in December 2007, writes The Times.
The Times – The former chief executive of Northern Rock has resigned from his post at an American private equity firm amid a furore over his involvement in talks over banking deals.
Adam Applegarth is understood to have left his role as a senior adviser to Apollo Global Management in London within the past two months.
He resigned from Northern Rock in December 2007, two months before the Newcastle-based bank was nationalised, departing with a payoff in salary and pension worth £840,000.