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Former PM David Cameron red-faced as Greensill goes under

Cameron red-faced as Greensill goes under: Former PM was a long-standing adviser to collapsed finance agency

Right up till its implosion, Greensill nonetheless counted former prime minister David Cameron (pictured) as an adviser

Greensill’s collapse will come as a humiliation to former main officers who allowed its founder entry to the center of the institution.

Right up till its implosion yesterday, Greensill nonetheless counted former prime minister David Cameron as an adviser, and former Government chief business officer Bill Crothers as its vice-chairman.

Cameron’s fortunes following his premiership, which led to 2016, are a stark distinction with these of George Osborne, his former chancellor, who now holds a profitable function at London-based boutique funding financial institution Robey Warshaw.

Lex Greensill, who launched his business in 2011, discovered his key to the higher echelons of Government in Jeremy Heywood, who was head of the Civil Service from 2014 to 2018.

The two met at funding financial institution Morgan Stanley within the 2000s, the place Greensill – then a younger banker who had solely lately emigrated from Australia in 2001 – was taken under Heywood’s wing.

When Greensill later based his eponymous business, Heywood – who had by then returned to the Civil Service – helped his former protege to build an enviable checklist of contacts.

Greensill provided to advise the Cameron authorities on supply-chain finance, and in 2018 he handed the previous prime minister a job.

For a number of years, Greensill’s was a well-known face within the Cabinet Office the place he repeatedly attended conferences with the likes of Heywood, senior civil servant John Manzoni – who was Cabinet Office Permanent Secretary from 2015 to 2020 – and then-Cabinet Office minister Matt Hancock. 

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