Adam Applegarth
Adam Applegarth | |
|---|---|
| Occupation(s) | banker and financial advisor |
| Known for | chief executive officer of Northern Rock |
Adam J. Applegarth was the chief executive officer of the Gosforth, Newcastle upon Tyne based Northern Rock bank, one of the first victims of the subprime mortgage crisis. The bank was subsequently nationalised.[1]
He joined Northern Rock in October 1983 as a graduate trainee, becoming general manager in 1993, joining the board of directors in 1996 and being appointed chief executive in 2001 at the age of 39 and remained in this position till he left the bank in December 2007.
In January 2009 Guardian City editor Julia Finch identified him as one of twenty-five people who were at the heart of the financial meltdown.[2]
In 2009 he was appointed as an adviser to New York-based buyout specialist Apollo Management. He left the group in 2013.[3]
In 2015 he was appointed as an advisor by US private equity group Pine Brook.[4]
References
- ^ Thousands of British and Irish depositors lay siege to embattled Northern Rock; Share value plunges 40% Finfacts. 17 September 2007. Accessed 23 September 2007.
- ^ "Twenty-five people at the heart of the meltdown ... | Business". The Guardian. 26 January 2009. Retrieved 2 May 2012.
- ^ Wallace, Tim (30 April 2016). "Ex-Northern Rock boss returns to the UK mortgage market". The Telegraph. ISSN 0307-1235. Retrieved 6 March 2018.
- ^ Griffiths, Katherine (2015). "Former Northern Rock boss joins private equity firm". The Times. ISSN 0140-0460. Retrieved 6 March 2018.