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| Version 0 | Version 1 |
|---|---|
| Labour's general secretary named | Labour's general secretary named |
| (20 minutes later) | |
| City fund manager David Pitt-Watson is to be the new general secretary of the Labour Party. | City fund manager David Pitt-Watson is to be the new general secretary of the Labour Party. |
| Mr Pitt-Watson, who was deputy general secretary between 1997 and 1999, will replace Peter Watt, who quit last year over Labour's proxy donations. | Mr Pitt-Watson, who was deputy general secretary between 1997 and 1999, will replace Peter Watt, who quit last year over Labour's proxy donations. |
| Mr Pitt-Watson has been working as a financier in the City since 1999. | Mr Pitt-Watson has been working as a financier in the City since 1999. |
| He is understood to have been Gordon Brown's favoured candidate and was an adviser on business to Tony Blair when he was prime minister. | He is understood to have been Gordon Brown's favoured candidate and was an adviser on business to Tony Blair when he was prime minister. |
| Mr Pitt-Watson is also the chairman of Hermes Equity Ownership Service which is a major shareholder in Northern Rock. | |
| He had argued publicly for the government to pursue a private sector solution to deal with the troubled bank, which has now been taken into public ownership. | |
| He is expected to stand down from his position at Hermes later today. | |
| The party's national executive chose him over Mike Griffiths, an official at the Unite union. | |
| Former general secretary Peter Watt resigned last November after admitting he knew businessman David Abrahams was donating money to Labour using other people's names. | |
| The 37-year-old former nurse, who had been in the job since 2005, told Labour's ruling National Executive committee he was not aware he had broken the rules. |