|
|
Article: Treasury star faces tough balancing act to rebuild failed banks ; John Kingman, boss of UK Financial Investments, has a daunting task to keep Downing St and the City happyPROFILE
- Article from:
- The Evening Standard (London, England)
- Article date:
- July 15, 2009
- Author:
CopyrightCopyright 2009 Evening Standard - London. Provided by ProQuest LLC. (Hide copyright information)
|
JOHN Kingman doesn't like the limelight. The chief executive of
UK Financial Investments was once a Financial Times journalist and
press secretary to Gordon Brown as Chancellor, but he almost never
gives interviews.
Yet the top Treasury mandarin seconded to run UKFI, the body that
owns and looks after the taxpayer's controlling stakes in all the
bailed-out banks, is under scrutiny like never before.
Kingman, only 40, oversees a bewildering array of failed banking
assets -- Royal Bank of Scotland, Lloyds HBOS, Northern Rock and
Bradford & Bingley. UKFI was created in November 2008 to administer
these investments.
He has a fearsome intellect (scholar-shito Westminster School;
First from ...