- Intermediate Capital announced that Lord Davies of Abersoch had been appointed as a chairman-designate, replacing Kevin Parry OBE who was set to step down after ten years of service.

Lord Davies was currently senior independent director of Diageo and chairman of Corsair Capital, a private equity firm focused on growth opportunities in financial services. He had extensive experience in the financial services sector, culminating in his roles at Standard Chartered as chief executive and, subsequently, chairman.

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