JP Morgan will advise government on bank privatisation strategy

UKFI, the body responsible for managing the government's stakes in RBS and Lloyds, has announced that it has appointed JP Morgan to advice on the return of these holdings to public hands.

UKFI announces that it has appointed J.P. Morgan Cazenove as a privatisation strategy adviser under Lot 4 of the Framework for an initial period. J.P. Morgan Cazenove will provide ad hoc input which will complement UKFI’s expertise in devising strategies for realising value for the Government’s shareholdings in the banks.