The firm, which will own 23 per cent of B&B should its £179million cash injection be backed, is likely to emphasise its success running nine banks worldwide.

Head­hunter Odgers is looking for a successor to Steve Craw­shaw, B&B’s chief executive who quit because of ill-health.
The bank’s major shareholders are keen for Clive Cow­dery’s Reso­lution to return to the fray after exiting on Friday.

Some want B&B executive chairman Rod Kent to go, arguing his position is untenable.

Resolution’s plan to inject £400million was backed by institutions, including Stan­dard Life, Legal & General, Prud­ential and HBOS asset manager Insight, with 25 per cent of the shares. It is believed Cowdery would return if asked by B&B but it is unlikely to do so.

Reports yesterday sugges­ted the four big shareholders were now prepared to back the TPG deal. But private investor repres­en­tative body the UK Shareholders Association will urge members to resist.