Sir Nigel Rudd is an angel

The problems of Libor fixing haven’t prevented the British Bankers’ Association from working on other issues.

Yesterday the industry trade body launched the UK Business Angels Association, which will promote angel investing in the UK, with Sir Nigel Rudd as its new chairman.

The new group will have a dedicated team and will be located within Pinners Hall, home of the BBA.

Sir Nigel, of course, is well known to the banking industry having been a director of – whoops – Barclays Bank – for 13 years, latterly as deputy chairman.