Press Releases


October 2013

28th October 2013

New UKFI management team
UKFI announces a new management structure to take effect following James Leigh-Pemberton’s arrival today. Following these changes, the Executive Committee of UKFI will comprise James Leigh-Pemberton (Executive Chairman designate), Ruth Curtice (Chief of Staff), Christopher Fox (Head of Banking) and Oliver Holbourn (Head of Capital Markets). download

September 2013

17th September 2013

UKFI today announces the disposal of approximately 6% of Lloyds Banking Group plc
Further to its announcement on 16 September 2013, UKFI announces the successful completion of the disposal of part of HM Treasury’s shareholding in Lloyds Banking Group plc (the “Company”). The disposal was effected by way of a Placing (the “Placing”) of shares (the “Placing Shares”) by way of an accelerated bookbuilding process to institutional investors.” download

16th September 2013

UKFI today announces its intention to dispose of approximately 6% of Lloyds Banking Group plc
UKFI announces its intention to sell part of HM Treasury’s shareholding in Lloyds Banking Group plc (the “Company”). The disposal of these shares (the “Placing Shares”) will be by way of a placing to institutional investors (the “Placing”). download

16th September 2013

UKFI announces appointment of James Leigh-Pemberton as Executive Chairman-designate
UKFI today announces the appointment of James Leigh-Pemberton as Chief Executive of UKFI. He will join UKFI during the course of October. At the beginning of January 2014 he will be appointed to the new role of Executive Chairman which will be a full-time role. download

16th September 2013

UKFI announces appointment of Head of Capital Markets
UKFI today announces the appointment of Oliver Holbourn as Head of Capital Markets. He joins from Bank of America Merrill Lynch where he was head of UK, Ireland and South Africa equity capital markets origination. He will join as soon as his commitments at Bank of America Merrill Lynch allow. download

July 2013

24th July 2013

UKFI confirms UKAR’s sale of standalone unsecured loan portfolio.
UK Financial Investments Ltd (“UKFI”) today confirms that following a competitive sales process, UK Asset Resolution Limited (UKAR), the holding company for the government owned businesses of Bradford & Bingley plc (B&B) and Northern Rock (Asset Management) plc (NRAM), has agreed to sell NRAM's portfolio of standalone unsecured personal loans for a sale price of £400m. download

19th July 2013

UKFI Framework for Specialist Financial Services and appointment of privatisation strategy adviser
UKFI today announces that it has completed the open and competitive procurement process launched on 27 June to establish a Framework for Specialist Financial Services. download

15th July 2013

UKFI Publishes Annual Report and Accounts
UK Financial Investments Limited (UKFI) has today published its Annual Report and Accounts for the year ending 31 March 2013.
 
The publication provides an overview of UKFI's activities during the 2012/13 financial year in managing the taxpayer's shareholdings in Lloyds Banking Group plc, the Royal Bank of Scotland Group plc and UK Asset Resolution Ltd. download

8th July 2013

UKFI Management Changes
Christopher Fox today joins UK Financial Investments Limited (UKFI) with responsibility for managing HM Government’s interests in the Bradford & Bingley (B&B) and Northern Rock Asset Management (NRAM) portfolios; together ‘UK Asset Resolution (UKAR)’. It is intended that Christopher will join the Board of UKAR. download

May 2013

16th May 2013

Statement re: Lloyds Annual General Meeting
UKFI has lodged votes in favour of all resolutions at the bank’s Annual General Meeting on 16 May. download

14th May 2013

Statement re: RBS Annual General Meeting
UKFI has lodged votes in favour of all resolutions at the bank’s Annual General Meeting on 14 May download

April 2013

25th April 2013

UKFI Management Changes
UKFI today announces that Jim O’Neil is stepping down as Chief Executive of UK Financial Investments Ltd later this year. UKFI will recruit a new Chief Executive to help execute its mandate from HM Treasury to manage the Governments shareholdings in the banking sector. download

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PRESS RELEASE
7th October 2016

Intention to sell shares in Lloyds Banking Group plc through a trading plan
UKFI today announces that it intends to continue to sell Her Majesty’s Treasury’s (“HMT”) shareholding in Lloyds Banking Group plc (the “Company”) over the next twelve months through a pre-arranged trading plan that will be managed by Morgan Stanley & Co. International plc (“Morgan Stanley”).


PRESS RELEASE
17th May 2016

Dividend payment received today
UKFI announces that HMT will today receive c.£130m in dividend payments, in respect of its shareholding in Lloyds Banking Group Plc. This takes total proceeds received from the Government’s investment in LBG to £16.888bn.