Robin Saunders, who recently struck a deal to refinance Wembley Stadium, hopes to raise £600m for a fund to rival the company set up by Guy Hands, former head of Nomuras Principal Finance.
Saunders will break away from WestLB to form the new operation.
It is not apparent yet whether the financing deal for Wembley will be included in the new group.
The Times 12/09/02 page 5, page 26 (Need to know)
