01.12.2014 - Role of banker at centre of Songbird questioned by Qatari bidders
Songbird board denies Rothschild's Alex Midgen is conflicted despite advising the board, and having a seat on it. Qatar’s sovereign wealth fund has lodged a complaint with the board of Songbird Estates over a potential conflict of interest with one of its bankers as it considers walking away from its mooted £2.2bn takeover of the company that controls Canary Wharf. The Qatar Investment Authority (QIA) has questioned the role of Alex Midgen, Rothschild’s head real estate investment banking who is an adviser to Songbird but also has a seat on the board as a nominated director of Simo Glick, who owns 25pc of Songbird. Mr Midgen separately also owns 111,000 shares in Songbird...............................................Full Article: Source
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