UK bans financier Greensill from being company director
· Michael West
Britain will ban Australian financier Lex Greensill, founder of supply chain financing firm Greensill Capital, which 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.
Visit rouesnews.click for more information.
Its UK arm had liabilities of more than Stg1.6 billion ($A3 billion), causing heavy losses for investors and prompting lawsuits and regulatory probes.
Lex Greensill will be banned as a company director in the UK for nine years after agreeing to be disqualified following an investigation by the Insolvency Service.
Find out more ⤵️https://t.co/hSIybW3Rg5
— Insolvency Service (@insolvencygovuk) June 4, 2026
“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.
Greensill’s conduct breached his legal duty under British rules to exercise reasonable care, skill and diligence as a company director, the agency’s statement said.
Greensill signed a disqualification undertaking, a legally binding agreement where directors do not dispute certain facts to end court action, it said.
A six-week trial had been due to begin on June 8 but will no longer go ahead.
His ban, which comes into effect on June 23, prevents him acting as a director or being involved in the promotion, formation or management of a company, without the permission of the court.