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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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]