Greensill woes a headache for high profile Bishop
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It’s been a shocker of a week for
Lex Greensill, the Bundaberg-born billionaire who founded the London-based finance group he named after himself. After Credit Suisse Group froze $US10 billion ($12.9 billion) worth of investment funds, Greensill Capital is contemplating filing for insolvency.
What does this mean for former federal foreign minister
Julie Bishop and her role with Greensill, announced last year? The Bish is distancing herself from the finance company at a speed that would do a daily runner proud.
“I am not a director or member of the Greensill Capital board,” Bishop says. “Julie Bishop and Partners provides advisory and consultancy services to Greensill Capital.”