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THE RETURN OF APPLEGARTH

ADAM Applegarth, the former chief executive of Northern Rock, is back in business, having landed a job as an adviser to the US private equity group Apollo. Applegarth is joining Apollo as an adviser to the group’s European fund. At least one financier welcomed him back. Jon Wood, head of hedge fund SRM said: “I’m extremely happy for him. He’s been disguised as a pantomime villain by idiotic central bankers and politicians.”