UK Government Investments appoints new head to manage Britain's RBS stake
"LONDON (Reuters) - UK Government Investments (UKGI), the body which manages the government's student loan book and its stake in bailed out bank Royal Bank of Scotland <RBS.L>, said on Friday it had appointed Charles Donald as head of its financial institutions group.", "Donald, who joins UKGI from Credit Suisse <CSGN.S> where he was vice chairman of UK advisory and corporate broking, will be responsible for managing and selling down the government's 71 percent stake in RBS.", 'UKGI Chief Executive Mark Russell said Donald, who takes up his role in May, "brings long experience of financial institutions and capital markets, and I look forward to working with him as we continue to execute our mandate and build on the progress which has been made in the disposal programme."', "UK Financial Investments, a separate body which previously managed the government's RBS stake, was folded into UKGI in March."
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