FN London

Financial News

News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

News

Greensill Capital: How the SoftBank-backed firm ended up on the brink

Just who is Lex Greensill, the Australian financier who links giant Swiss financial services firms with former Prime Minister David Cameron?

By

Penny Sukhraj

A sign at the building housing the headquarters of Greensill Capital in London. Four funds were suspended on 1 March after Credit Suisse became concerned that the funds were over-exposed to one of Greensills clients steel magnate Sanjeev Gupta
A sign at the building housing the headquarters of Greensill Capital in London. Four funds were suspended on 1 March after Credit Suisse became concerned that the funds were over-exposed to one of Greensills clients steel magnate Sanjeev Gupta Photo: Getty Images

Pressure is mounting on SoftBank-backed Greensill Capital after major backers signalled moves to halt trading in and out of the UK-based supply chain financier.

GAM, the Swiss asset manager, announced on 2 March it will close the $842m GAM Greensill Supply Chain Finance fund “as a result of recent market developments” and media coverage surrounding the embattled group.

WSJ Logo
SoftBank Plans $1.5 Billion Investment in OpenAI

SoftBank Plans $1.5 Billion Investment in OpenAI

Aston Martin Issues Another Profit Warning

Just Eat Takeaway to Delist From London Stock Exchange

Trump Rounds Out His Economic Team

How Morgan Stanley Courted Dodgy Customers to Build a Wealth-Management Empire