People and Business: Lost kingpin

OTHER LUMINARIES at the Festival included Oliver Pawle, the high-powered corporate finance executive formerly of UBS and now of Warburg Dillon Read. Mr Pawle fully admits that the unexpected departure earlier this week of Warburg kingpin Hans de Gier was "mishandled by Warburg and mishandled by Hans de Gier".

Fees received

I SPOTTED Christopher Morris, the distinguished receiver from Deloitte & Touche, trotting towards the betting booths.

Mr Morris, one of Britain's insolvency specialists, is the lead liquidator of BCCI, a task that has run up over pounds 600m in professional fees since the bank went bust eight years ago. If any creditor of BCCI wants to know what happened to those fees, they need look no further than Cheltenham. (Only joking!)