UK Asset Resolution Ltd appoints Jim O'Neil as a Non-Executive Director

The Boards of UK Asset Resolution Ltd, Bradford & Bingley plc and Northern Rock (Asset Management) plc announce the appointment of Mr Jim O'Neil as a Non-Executive Director of each Company, with effect from 28 June 2012.

O'Neil is the Chief Executive of UK Financial Investments Ltd (UKFI). UKFI is responsible for managing the Government's 100% shareholding and loans in UK Asset Resolution Ltd (UKAR) and its subsidiaries. UKAR was formed during 2010 to integrate the activities of Northern Rock (Asset Management) plc and Bradford & Bingley plc.