Lex Greensill, the Australian-born financier whose supply chain finance empire collapsed in 2021, has been banned from holding directorships in the United Kingdom for nine years.

The disqualification order represents the latest regulatory action against Greensill, who founded Greensill Capital before its spectacular failure that sent shockwaves through the financial sector. The company's collapse left creditors facing billions in losses and prompted investigations across multiple jurisdictions.

Greensill Capital had positioned itself as a pioneer in supply chain finance, offering to pay suppliers immediately while collecting from buyers later. The firm's business model attracted high-profile backing and partnerships before unraveling amid questions about its lending practices and risk management.

The nine-year ban prevents Greensill from serving as a director of any UK company or being involved in the management of UK businesses during this period. Such disqualification orders are typically imposed when directors are found to have engaged in conduct that makes them unfit to hold corporate positions.

The collapse of Greensill Capital in March 2021 triggered investigations by regulators in multiple countries and parliamentary inquiries into the company's relationships with government officials and its lending practices.