UK Asset Resolution Ltd (UKAR) has announced that David Lunn, a non-executive director appointed by UK Financial Investments Ltd (UKFI), stepped down on 28 February 2017 from the boards of UKAR, Bradford & Bingley plc and NRAM Limited.
He has taken up a new position within HM Treasury.
In accordance with the Large and Medium Sized Companies and Groups (Accounts and Reports) (Amendment) Regulations 2013, he will receive no payments for loss of office.
UKFI is responsible for managing the government’s 100% shareholding and loans in UKAR and its subsidiaries, NRAM Limited and Bradford & Bingley plc.