The former boss of failed lender Northern Rock has reportedly left the senior advisor role at private equity firm Apollo he took up after overseeing the first run on a UK bank in 150 years.
Adam Applegarth joined Apollo in 2009, but has stepped down from his advisory role amid controversy over becoming involved in new bids for parts of Northern Rock, The Times said.
RBS was ordered to sell the branches in exchange for receiving a government bailout in 2008.
The bank was previously said to be considering rival bids from a Blackstone-led consortium and from W&G Investments.
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