UKFI appoints Rock and B&B man

UK Financial Investments (UKFI) has appointed Santander’s Keith Morgan to manage the government’s stakes in Northern Rock and Bradford & Bingley, it announced yesterday. The organisation, which manages the government’s holdings in part-nationalised financial institutions, said Morgan would join as head of Wholly Owned Investments. Morgan is currently a board director at Sovereign Bancorp in the US, where he is working on its integration into Santander.