The Mail on Sunday

THE BOSSES NAMED IN THE DOCUMENTS: WHERE ARE THEY NOW?

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ANDY HORNBY, 51 HE IS back in the saddle with a top job at bookmaker GVC Holdings, which recently swallowed Ladbrokes Coral. Before the merger his stake was said to be worth £10 million, but his pay is kept out of the public gaze as he does not sit on the board. After stepping down from HBOS he ran chemist Alliance Boots, earning £1.68 million in pay and bonuses, plus a £400,000 ‘golden hello’, but he quit after less than two years. Boots founder Stefano Pessina said Hornby had taken on a demanding job too soon, following a ‘difficult’ time.

PETER CUMMINGS, 62

KNOWN as the ‘man who broke HBOS’, Cummings ran the bank’s corporate division and remains the only former executive to be punished by regulators. He left the bank in January 2009 after its bailout by Lloyds, with an estimated £6 million pension pot and a £660,000 payoff. He received a lifetime ban and a £500,000 fine from the Financial Services Authority in 2011.

JAMES CROSBY, 62

QUIT as chief executive of HBOS in 2006, with an annual pension of £580,000. Knighted the next year, he became deputy chairman of the Financial Services Authority and landed several non-executive director posts. In 2013, a parliament­ary report called him the ‘architect’ of the strategy that led to the HBOS disaster. He gave up his knighthood voluntaril­y along with a third of his pension.

LORD (DENNIS) STEVENSON, 72

THE Scot earned £815,000 a year as HBOS chairman until its downfall in 2008. Since the financial crisis, his business interests have included a non-executive role at Waterstone­s and running a family consultanc­y named after a Roman sewer, Cloaca Maxima. The crossbench peer has suffered depression and founded mental health charity MQ to campaign for better understand­ing.

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