An MP has launched a scathing attack on the former boss of RBSs scandal-hit turnaround unit GRG, after finding out that he advises the standards organisation for restructuring practices.
Derek Sach, who left RBS in 2015, chairs the International Association of Restructuring, Insolvency & Bankruptcy Professionals (Insol) lenders group and is named on the organisations 2021 task force.
Tory MP Kevin Hollinrake, who is chairman of the parliamentary group on fair business banking, said he is alarmed and perplexed that Mr Sach advises Insol, which RBS chief Ross McEwan last year flagged to the Treasury select committee as a leading association that sets out principles for bankers.
It represents…
Read the full article at: https://www.telegraph.co.uk/business/2019/03/31/ex-boss-rbs-restructuring-unit-criticised-new-role/