25 September 2009 Company Announcements

 

Appointments: UK's Asset Protection Agency chief executive named

Stephan Wilcke has been appointed as chief executive of the Asset Protection Agency with effect from 28 September 2009. Stephan Wilcke joins from credit asset manager Cairn Capital where he was a senior advisor, having previously held partnership positions at private equity firm Apax Partners and financial services consultancy Oliver Wyman. He will be taking over from Jeremy Bennett who has been integrally involved with HM Treasury in the creation of the Asset Protection Scheme and who had agreed to act as chief executive up to the point of the establishment of the Agency.

Financial Services Secretary to the Treasury, Paul Myners said:  "The Asset Protection Scheme is a central part of the Government's efforts to stabilise the financial sector and promote the flow of credit in the economy. The announcement of the APA's Chief Executive is an important milestone as we move towards implementation of the scheme."