UK Asset Resolution Ltd (UKAR) today announces that Peter Norton, a Non-Executive Director appointed by UK Government Investments Ltd (UKGI), has stepped down as director of UKAR, Bradford & Bingley plc and NRAM Limited.

In accordance with the Large and Medium Sized Companies and Groups (Accounts and Reports) (Amendment) Regulations 2013, we can confirm he will receive no payments for loss of office.

UKGI is responsible for managing the Government’s 100% shareholding and loans in UKAR and its subsidiaries, NRAM Limited and Bradford & Bingley plc.


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