State-owned British banks to get a new boss


John Kingman, the chief executive of UK Financial Investments (UKFI), the wing of the British Treasury which manages the government's bank assets, is to stand down, it emerged Tuesday.

No replacement has been named.

News of Kingman's departure came as the Treasury announced that Sir David Cooksey, a former director of the Bank of England, would succeed acting chairman Glen Moreno on 1 August.

Kingman, a career civil servant who is widely thought to covet a move to the private sector, will depart

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