Cattles' saviour lands major role at RBS as part of growing restructuring team
Sunday 01 November 2009
Laura Barlow, one of the key figures in the turnaround of failing sub-prime mortgage lender Cattles, has landed a major role at Royal Bank of Scotland.
Ms Barlow will join RBS in the new year to head the bank's growing UK restructuring team.
She is currently a managing director at AlixPartners, the restructuring specialist advising Cattles. Earlier this year, she was parachuted in as chairman of Welcome Financial Services, where RBS was able to see her work first-hand. Welcome had caused many of Cattles' problems, due to apparent accounting errors; and it was during talks over a £500m loan made to Welcome by an RBS-led syndicate that the alleged irregularities were found. Ms Barlow is also chief restructuring officer of Sea Containers, the transport firm that emerged from Chapter 11 bankruptcy protection in the US earlier this year.
About three-quarters of RBS's 800-strong global restructuring group is based in the UK, across six offices – including London, Edinburgh and Leeds.
- 1 The black and blue dress: Makers considering a white and gold version
- 2 Husband and wife die holding hands within hours of each other after 67 years of marriage
- 3 What color is The Dress, white and gold or blue and black? An eyewitness gives a definitive answer
- 5 Fearne Cotton quits Radio 1 after ten years for 'family and new adventures'
Boris Nemtsov shot dead: Outspoken Putin critic who had expressed fears for his life is shot dead
Leonard Nimoy dead: Star Trek actor dies after suffering lung disease
PornHub turns masturbation into energy in bid to save the planet
Ukraine crisis: Top Chinese diplomat backs Putin, says West should 'abandon zero-sum mentality'
What color is The Dress, white and gold or blue and black? An eyewitness gives a definitive answer
New theory could prove how life began and disprove God
Half of Ukip voters say they are prejudiced against people of other races
'Cash for access' scandal: Sir Malcolm Rifkind says 'unrealistic' for MPs to live on £67,000 salary
This is what it's like to be dead, according to a guy who died for a bit
'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
Aqsa Mahmood branded a 'disgrace' by her parents after claims she recruited three UK girls flying to Middle East
iJobs Money & Business
£40000 - £50000 per annum + pro rata: SThree: SThree Group have been well esta...
£30000 - £37000 per annum: Recruitment Genius: Established in 1999, a highly r...
£250-£300 Day Rate: Jemma Gent: Are you a qualified accountant with strong exp...
£230 - £260 Day Rate: Jemma Gent: Do you want to stamp your footprint in histo...