"Adam J. Applegarth" was the Chief Executive Officer of the Gosforth, Newcastle upon Tyne based Northern Rock bank, one of the first victims of the so-called subprime mortgage crisis. The bank was subsequently Nationalisation of Northern Rock/nationalised

The son of a music and drama teacher, he attended Sedbergh School and Durham University, where he read Mathematics and Economics. He joined Northern Rock in October 1983 as a graduate trainee, becoming General Manager in 1993, joining the Board of Directors in 1996 and being appointed Chief Executive in 2001 at the age of 39 and remained in this position till he left the bank in December 2007.

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We have started 2006 strongly, with lending performance and pipeline ahead of the good numbers of the comparable period last year.

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We have low levels of arrears, strong credit risk management and a low risk balance sheet.

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