UFKI to reveal strategy for exit from stakes in RBS and Lloyds

UK Financial Investments &ndash; the body which manages the government&rsquo;s stakes in recapitalised banks &ndash; will unveil its exit strategy for Royal Bank of Scotland (RBS) and Lloyds Banking Group today.<br /><br />John Crompton, UKFI&rsquo;s head of market investment, will outline its plans to return the stakes to the public sector at a meeting this morning, alongside its first annual report.<br /><br />UKFI is unlikely to present a timetable for sale, after saying last week there would be no quick exit from its&nbsp; 70 per cent stake in RBS&nbsp; and 43 per cent of Lloyds.<br /><br />But it will outline a series of options for disposing of the stakes, including the possible use of exchangeable bonds. A spokesman said it would be some time before a sale can be made.