Budenberg appointed UKFI CEO

Budenberg will replace John Kingman, who had served as chief executive of UKFI since the body's inception on November 3, 2008. Kingman, who previously served as second permanent secretary to the UK Treasury, announced his intention to leave UKFI in July. There will be a short handover period, with Budenberg expected to take full charge in December.

A qualified chartered accountant, Budenberg joined SG Warburg, the London-based investment bank, in 1984. He stayed with its successor firms when SG

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