Alasdair locke biography of barack

          Alasdair established Abbot Group in to provide advisory services and invest in shipping and oil service businesses..

          Alasdair Locke, the Scottish oil services tycoon and one of the country's wealthiest men, has the classic entrepreneurial mindset.

        1. His early career started in investment banking at Citigroup in , where he specialised in shipping and oil.
        2. Alasdair established Abbot Group in to provide advisory services and invest in shipping and oil service businesses.
        3. Alasdair Locke, who co-founded Abbot Group in , will act as non-executive chairman.
        4. Alasdair Locke, who co-founded Abbot Group in and served as its chief executive officer is a major investor and will take up the role of.

          5. THE BIG PROFILE - ALASDAIR LOCKE: Locke still key to Abbot's success

          When Abbot Group was sold to US private equity giant First Reserve for £m, warning bells were ringing loudly for many. Could one of Scotland's major players in the oil and gas industry be in trouble?

          But Alasdair Locke is quick to put the record straight.

          The executive chairman at the Aberdeen-headquartered oil and gas drilling contractor says the decision was taken purely on operational grounds.

          "There was clearly a feeling amongst a number of our institutional shareholders which was pretty surprising," he explains.

          "They questioned the board's strategy; they questioned the valuation and wanted us to spend our time on paying debt down.

          "I don't object to that normally, but when I'm looking at an improving market where I'm getting ever better contracts, terms, rates and periods, why would I want to throttle back?"

          Abbot's share price at that time was - to