The UKFI Board

Philip Remnant


Philip Remnant is the senior independent director of Prudential plc, Chairman of City of London Investment Trust plc, non-executive director of Severn Trent plc and a deputy chairman of The Takeover Panel.

Previously, Philip was a vice chairman of Credit Suisse First Boston in Europe and was director general of The Takeover Panel for two years between 2001 and 2003, and again in 2010. He formerly held senior investment-banking positions with BZW and Kleinwort Benson. He is a qualified chartered accountant and has an MA in Law from New College, Oxford.

He was appointed a CBE in 2011. 

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13th November 2015

UKAR announces sale of £13bn portfolio of NRAM assets
UK Financial Investments Limited (UKFI), today confirms that following a competitive sales process, UK Asset Resolution Limited (UKAR), has agreed to sell a £13bn portfolio of NRAM mortgages and unsecured loans to affiliates of Cerberus Capital Management LP. download [108,5 KB]

4th August 2015

UKFI today announces the disposal of approximately 5.4% of The Royal Bank of Scotland Group plc
Further to its announcement on 3 August 2015, UKFI announces the successful completion of the disposal of part of HM Treasury’s shareholding in The Royal Bank of Scotland Group plc (the “Company”). The disposal was effected by way of a Placing (the “Placing”) of ordinary shares (the “Placing Shares”) by way of an accelerated bookbuilding process to institutional investors. download [314,8 KB]