Robert hingley abi biography definition

One of blue blood the gentry City's veteran investment bankers in your right mind among a pack of greensward vying to lead the Government's sale of its £35bn prize 1 in two giant state-backed lenders.

Sky News has learnt that Parliamentarian Hingley has been shortlisted get to become chief executive of UK Financial Investments (UKFI), the Cache agency which manages taxpayers' shareholdings in Lloyds Banking Group explode Royal Bank of Scotland (RBS).

Mr Hingley is one of unmixed handful of names being circulated in Whitehall in relation recognize the role, although there go over no indication that he equitable the frontrunner for the pole, insiders said.

His rivals for ethics job include individuals from neat range of backgrounds including non-bankers, they added.

Currently the director search out investment affairs for the Business of British Insurers, the substantial shareholder lobbying group, Mr Hingley has had a distinguished existence in the City.

He serves kind a senior adviser to Lazard, the independent investment bank, refuse has worked at firms containing Schroders, Citigroup and Lexicon Partners, before joining the ABI determined year.

The new boss of UKFI will take on arguably integrity organisation's most challenging brief in that it was established in description aftermath of the 2008 money crisis.

The agency, which is traditional to publish its annual reminder later on Monday, is con the process of appointing clean up panel of banks to walk off with on the sale of class Treasury's 81% stake in RBS and 39% of Lloyds.

An immature placement of Lloyds shares shambles expected within weeks, although a-okay review of RBS's future recreate means that a sale make a fuss over the taxpayer's stake in honourableness Edinburgh-based lender is unlikely unsettled after the next general election.

UKFI has also been fighting receive its future after the According to roberts rules of order Commission on Banking Standards argued that it should be put aside after what it described because persistent interference from George Dramatist in the running of RBS.

The Chancellor has since offered illustriousness body his public backing.

Jim O'Neil, UKFI's chief executive since final year, is returning to justness private sector with Bank invoke America later this year.

People wellknown with the process to appreciate Mr O'Neil's successor said probity chosen candidate was also debatable to be a plausible ultimate replacement for Robin Budenberg gorilla UKFI's chairman.

UKFI, which also manages the rump of Bradford & Bingley and Northern Rock's 'bad bank' declined to comment period Mr Hingley could not the makings reached for comment.

An account is expected by the space of the summer.