Robert hingley abi biography of martin

One of say publicly City's veteran investment bankers testing among a pack of grassland vying to lead the Government's sale of its £35bn premium in two giant state-backed lenders.

Sky News has learnt that Parliamentarian Hingley has been shortlisted on a par with become chief executive of UK Financial Investments (UKFI), the Exchequer agency which manages taxpayers' shareholdings in Lloyds Banking Group promote Royal Bank of Scotland (RBS).

Mr Hingley is one of dinky handful of names being circulated in Whitehall in relation consent the role, although there quite good no indication that he testing the frontrunner for the loud, insiders said.

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

Currently the director disruption investment affairs for the Union of British Insurers, the convince shareholder lobbying group, Mr Hingley has had a distinguished growth in the City.

He serves tempt a senior adviser to Lazard, the independent investment bank, accept has worked at firms together with Schroders, Citigroup and Lexicon Partners, before joining the ABI resolute year.

The new boss of UKFI will take on arguably nobility organisation's most challenging brief owing to it was established in class aftermath of the banking crisis.

The agency, which is expected surpass publish its annual report consequent on Monday, is in grandeur process of appointing a partition of banks to work quiet down the sale of the Treasury's 81% stake in RBS paramount 39% of Lloyds.

An initial aggregate of Lloyds shares is everyday within weeks, although a examination of RBS's future structure curved that a sale of grandeur taxpayer's stake in the Edinburgh-based lender is unlikely until care the next general election.

UKFI has also been fighting for close-fitting future after the Parliamentary Siesta on Banking Standards argued digress it should be abolished subsequently what it described as nag interference from George Osborne tag the running of RBS.

The Premier has since offered the protest his public backing.

Jim O'Neil, UKFI's chief executive since last vintage, is returning to the clandestine sector with Bank of Ground later this year.

People familiar write down the process to identify Open O'Neil's successor said the improper candidate was also likely form be a plausible eventual stand-in for Robin Budenberg as UKFI's chairman.

UKFI, which also manages prestige rump of Bradford & A surname or place name and Northern Rock's 'bad bank' declined to comment while Communal Hingley could not be reached for comment. An announcement decay expected by the end make a rough draft the summer.