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Elizabeth Nosworthy



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Babcock seeking $100m lifeline

News.com.au (Free subscription) | 11/27/2008

The cash is being sought to make up for a deposit of up to $150 million that is being held back by German bank HypoVereinsbank to cover its loan to Babcock, The management of the troubled investment group, chief executive Michael Larkin and chairwoman Elizabeth Nosworthy, were locked in further negotiations last night. A meeting on Wednesday is believed to have lasted nearly 12 hours,...

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Founder quits Babcock

The Australian (Free subscription) | 11/03/2008

... and several unlisted funds continued to fracture. Mr Babcock was replaced as chairman by Elizabeth Nosworthy, who recently presided over the collapse of telecoms and information technology hardware group, Commander. Babcock & Brown is attempting to reduce its $9.6 billion debt with asset sales but is finding it tough with asset values declining. On Friday, the group's listed private...