Morgan Stanley man to head Takeover Panel

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Britain's Takeover Panel has appointed Mark Warham, a managing director of Morgan Stanley, as its director general.

Mr Warham will start his two-year term on 1 December and replaces Richard Murley from Goldman Sachs, the regulator said yesterday. All proposed takeovers and mergers in the UK require the panel's approval.

Mr Warham was appointed by the panel's chairman, Peter Scott QC, with the approval of the Governor of the Bank of England, Mervyn King. He will be on a two-year secondment from Morgan Stanley.

Mr Warham said: "This is a prestigious post and an exciting opportunity for me to be at the centre of UK takeover practice over the next two years."

The 43-year-old, from Leeds, joined Morgan Stanley in 2000 and has headed the US investment bank's UK mergers & acquisitions division since 2002. He previously worked for J Henry Schroder Wagg, which was taken over by Citigroup in 2000, whereupon he became the head of the UK M&A division for the whole group.

Mr Warham, a co-editor of The Mergers and Acquisitions Handbook, has also worked for 3i, Europe's biggest listed buyout firm, where he was responsible for initiating and subsequently monitoring investments in unquoted companies. He was also involved in British Land's acquisition of Pillar this year.