Lucinda Riches is a Non-Executive Director of the Diverse Income Trust plc (appointed 2011), the British Standards Institution (appointed Adviser in 2011 and Non-Executive 2012) and Graphite Enterprise Trust Plc (appointed 2011). She is a Non-Executive member of the Partnership Board of King & Wood Mallesons LLP (formerly SJ Berwin LLP, since 2012). Lucinda is also a Trustee of Sue Ryder (since 2008).
Lucinda was formerly an Investment Banker and has extensive experience in capital markets and privatisations. She began her career at Chase Manhattan Bank. Lucinda worked at UBS and its predecessor firms for 21 years until 2007. At UBS, she was a Managing Director, Global Head of Equity Capital Markets and a member of the Board of the Investment Bank.
Lucinda has an MA in Philosophy, Politics and Economics from Brasenose College, Oxford and an MA in Political Science from the University of Pennsylvania.
UKAR sells mortgage portfolio for £2.7bn
UK Financial Investments Limited (“UKFI”) today announces that following a competitive sales process, UK Asset Resolution (“UKAR”) has agreed to sell a portfolio of mortgages for a price of approximately £2.7bn. This sale forms part of UKAR’s activity to reduce the size of the closed mortgage books of B&B and NRAM in a way that delivers value for taxpayers. download [218,7 KB]
Sale of Tier 1 Notes to Virgin Money
UK Financial Investments Limited (UKFI), acting on behalf of HM Treasury, today announces the sale of its holding of Tier 1 notes issued by Virgin Money download [72,4 KB]