UKFIUK Financial Investments Ltd
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Holbourn joined UKFI in 2013 as its head of capital markets.
We have been made aware that members of the public have been approached and offered loans by fraudsters purporting to work for UK Financial Investments Ltd (UKFI).
The Treasury being advised by UKFI will have discretion to choose to act or not depending on the share price.
UKFI 's move to start selling RBS shares |is a "milestone moment" for UK banking
UKFI was created in November 2008 as part of the UK's response to the financial crisis and is responsible for managing the Government's shareholdings in a number of financial institutions.
It meant the Government, through UKFI, backed the bank's pay policies at yesterday's AGM, avoiding a shareholder revolt.
UKFI said the bank's pay-setting committee "have exercised reasonable judgement in relation to their approach to directors' remuneration."
UKFI, which manages the government's stakes in Lloyds and Royal Bank of Scotland, said the sale would trim the government's stake in Lloyds to 25%.
UKFI, a company set up to manage the government's stakes in Lloyds and Royal Bank of Scotland Plc (LON:RBS), said the move would reduce Treasury's stake in Lloyds to around 25% from some 32.7% it holds now.
The Select Committee questioned Bundenberg and his colleague James Leigh-Pemberton, who will take over as chairman at UKFI in January 2014.
The sale of 4.28 billion shares - valued at PS3.21bn - was announced by UK Financial Investments (UKFI), which holds the taxpayer stakes in the rescued banks on behalf of the UK Government.