Britain is banning Australian financier Lex Greensill, founder of supply chain financing firm Greensill Capital that collapsed with huge losses in 2021, from acting as a company director for nine years.
The company collapsed after one of its main insurers declined to renew its cover. Its UK arm had liabilities of more than Stg1.6 billion ($A3 billion), causing heavy losses for investors and prompting lawsuits and regulatory probes.
"A nine-year ban is a significant period - above the average for director disqualifications - and reflects the serious nature of Lex Greensill's conduct," Insolvency Service chief executive Duncan Beach said in a statement on Thursday.
