Swift still seeking a chief executive

Swift Advances, the Essex-based lender Michael Bolton was rumoured to be joining, is still on the hunt for a chief executive. Despite a number of high profile names being linked with the company, nobody yet has been appointed to the position.

Kestrel is the holding company for Swift, a secured consumer loan and residential mortgage business.

In May 2004, Alchemy invested 53m to acquire a 73.4% stake in Kestrel.