Non-Executive Director, Treasury appointed

Kirstin Baker

Kirstin was appointed as HM Treasury’s Finance and Commercial Director in January 2013. In this role she oversees the Treasury’s finances and Corporate Services and is a member of the Treasury Board.
Kirstin previously worked as a Senior Policy official in the Treasury, heading the team responsible for coordinating public spending and managing many of the Treasury’s interventions in individual banks in the wake of the 2008 crisis. Kirstin’s earlier career was in European Policy and she worked as a Competition Official in the European Commission and in Policy Advisor roles in the Cabinet Office and the Foreign and Commonwealth Office. More recently, Kirstin was seconded to the Scottish Government, leading work on infrastructure investment. 
Kirstin is a member of the Chartered Institute of Management Accountants. She was awarded a CBE in 2011 for her work during the financial crisis.

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5th May 2016

UKAR announces completion of £13 billion sale of former Northern Rock mortgages
In November last year UK Asset Resolution Limited (UKAR) agreed to sell £13 billion of former Northern Rock Mortgages to Cerberus Capital Management LP (Cerberus). Today the Government receives the final £520 million from Cerberus as part of the sale completion process. This sale represents value for money for the tax payer and following its completion the government will have exited over 85% of former Northern Rock. download [81,2 KB]

4th May 2016

UKFI statement re: RBS Annual General Meeting (AGM)
UK Financial Investments Limited (UKFI), which manages the government’s stake in the Royal Bank of Scotland (RBS), has lodged votes in favour of all resolutions at the bank’s Annual General Meeting on 4 May 2016. download [79,6 KB]