The bank announced earlier this week (26 November) that it has named
Adams, who trained at Allen & Overy (A&O), headed the investment banking and legal compliance functions at ABN for four years. He has also held senior roles at Citi – where he was European general counsel – and Lehman Brothers.
Northern Rock chairman Bryan Sanderson said: “I am delighted to welcome Laurie to the board. I believe he has the right experience to help Northern Rock through its ongoing strategic review.”
Northern Rock is currently being advised by Freshfields Bruckhaus Deringer and A&O in relation to a sale and funding from the Bank of England. This month it emerged that a Virgin-led consortium – also advised by A&O – has taken pole position to acquire Northern Rock.
Other firms involved in the saga include Clifford Chance, which is advising the Bank of England, Slaughter and May for the Treasury and Bingham McCutchen, which is advising a group of bondholders.