Brunswick called in to advise A&L

Alliance and Leicester brought in Brunswick last Friday on a corporate and financial brief after the ousting of its chief executive, Peter White.

Alliance and Leicester brought in Brunswick last Friday on a

corporate and financial brief after the ousting of its chief executive,

Peter White.



A&L chairman, and now temporary CEO, John Windeler, is believed to have

had a long standing relationship with Brunswick, which is working on a

project basis.



Brunswick handled the announcement of White’s departure last Friday,

dealing primarily with the press, as well as advising on a future PR

strategy.



Partly because of the speed of the appointment, A&L corporate

communications head Paul Lockstone said it had not yet been decided how

long the relationship with Brunswick would last.



White’s exit fuelled rumours in the press of a possible A&L takeover,

and Woolwich was mentioned as a potential bidder. Lockstone refused to

comment on the speculation.



Discontentment with White is believed to have arisen after merger talks

between A&L and Bank of Ireland collapsed five months ago. This was

A&L’s second failed merger bid in two years. The building

society-turned-bank had discussed a merger with Woolwich, but talks

broke down in early-1998.



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