UKFI chief Holbourn takes top job at RBS
The City executive who has spent the last two years managing taxpayers' stake in Royal Bank of Scotland (RBS) is to join the state-backed lender in one of its most senior posts.Sky News has learnt that Oliver Holbourn, who has just stepped down as chief executive of UK Financial Investments (UKFI), is in talks with RBS about becoming its head of strategy.His appointment is likely to attract attention in Westminster because of his five-year stint at UKFI, the agency set up during the financial crisis to manage the public stakes in Britain's bailed-out lenders at arm's length from the Treasury.Mr Holbourn's decision to join RBS is likely to be announced shortly, according to insiders.He will replace Richard Kibble as the bank's head of strategy, a role which will involve efforts to make RBS...