UK Financial Investments

UK Financial Investments Limited
Company typePrivate limited company
IndustryFinancial
Founded3 November 2008 (2008-11-03)[1]
Defunct31 March 2018
SuccessorUK Government Investments
Headquarters100 Parliament Street, London, SW1A 2BQ, UK
Key people
ServicesManaged investments in:
OwnerHM Treasury[2]
Websitewww.ukfi.co.uk

UK Financial Investments (UKFI) was a limited company set up in November 2008 and mandated by the British government to manage HM Treasury's shareholdings in the Royal Bank of Scotland Group (RBS) and in UK Asset Resolution, which held the residual assets of NRAM plc and Bradford & Bingley. UKFI formerly managed the British government's shares in Lloyds Banking Group, until the government confirmed that all its shares had been sold on 17 May 2017.[3] It also previously owned Northern Rock, until that company was taken over by Virgin Money on 1 January 2012.[4] UKFI ceased trading on 31 March 2018, and its business and assets were transferred to UK Government Investments, a limited company wholly owned by HM Treasury.[5]

  1. ^ "Introduction" (PDF). UKFI. Retrieved 21 March 2015.
  2. ^ "About Us". UKFI. Retrieved 22 September 2017.
  3. ^ "Share sale returns Lloyds to private sector". BBC News. 17 May 2017. Retrieved 17 May 2017.
  4. ^ "UKFI confirms completion of Northern Rock sale to Virgin Money" (PDF). UKFI. 1 January 2012. Archived from the original (PDF) on 11 January 2012. Retrieved 1 January 2012.
  5. ^ "UKFI". www.ukfi.co.uk.