UK Financial Investments (UKFI) was a limited company set up in November 2008 and mandated by the UK government to manage HM Treasury's shareholdings in Lloyds Banking Group, the Royal Bank of Scotland Group and UK Asset Resolution. UKFI ceased trading in March 2018, and its business and assets were transferred to UK Government Investments.
History
On 3 November 2008, UKFI was established as part of the UK government's response to the financial crisis.[3][4] Its role was to manage HM Treasury's shareholdings in Lloyds Banking Group, the Royal Bank of Scotland Group (RBS) and UK Asset Resolution (UKAR), and to return ownership of the banks to the private sector over time.