Christopher Fox 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 Fox will join the Board of UKAR.
Fox has extensive experience of financial services, most recently as head of UK banks coverage and head of Financial Institutions Group (FIG) Middle East and Asia for UBS, based in London.
Fox said: 'I am looking forward to this new challenge. This is an interesting time for UKFI and UKAR and I hope to bring my considerable experience in the financial services sector to my new role on UKAR'.
Robin Budenberg, Chairman of UKFI added: 'I am pleased that we have attracted someone of Christopher’s calibre to this role. The management of the Government’s stake in UKAR continues to be a high priority for UKFI and I’m sure Christopher will strengthen our existing good relationships with UKAR, who have been making continued progress on the orderly management of their closed mortgage books and returning money to the taxpayer'.