News That Matters

Tag: Coventry

Hastings chair Hoffman sent to Coventry

Hastings chair Hoffman sent to Coventry

Business
Gary Hoffman, the banker who led the transformation of Northern Rock after its nationalisation, is being lined up as the next chairman of the Coventry Building Society, Britain's second-biggest.Sky News has learnt that Mr Hoffman's appointment by the mutual is awaiting clearance from regulators‎ and could be announced later this month.Assuming the move is approved by watchdogs, it will see one of the UK's most senior financial executives replacing Peter Ayliffe, who has been acting as interim chairman since Ian Pickering died last autumn.Mr Hoffman, who was born in Coventry, has retained strong links to the city, having tried on a previous occasion to lead a takeover of its League Two football club from Sisu Capital, its controversial hedge fund owner.A City source said this weekend that M