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Monday, September 8, 2014

Ex-RBS executive Henderson set to head Kensington -Sky News, (NYSE: BX)

Subprime mortgage lender Kensington will appoint Ian Henderson, former head of Shawbrook, as its new chief executive, Britain's Sky News reported on Monday. Henderson, who quit The Royal Bank of Scotland Plc backed Shawbrook in April, joins Kensington amid a pending takeover by Blackstone Group LP and TPG Capital Management LP, Sky News said. ( deal is expected to be announced to the London Stock Exchange on Tuesday, Sky News said, citing sources.Investec Plc, which bought Kensington in 2007, decided to sell it in February.Kensington officials could not be immediately reached outside normal business hours.

The Blackstone Group L.P. (Blackstone) is a manager of private capital and provider of financial advisory services. Shares of BX fell by 1.0% or $-0.33/share to $32.75. In the past year, the shares have traded as low as $22.16 and as high as $36.08. On average, 4419600 shares of BX exchange hands on a given day and today's volume is recorded at 3267683.