October 01, 2014 12:50 AM ET

Thrifts and Mortgage Finance

Company Overview of NRAM plc

Company Overview

NRAM plc holds and services the balance of the pre-existing residential mortgage book in the United Kingdom. It also holds residential mortgages and unsecured loans, as well as government loan, and non-deposit wholesale and secured funding instruments. The company was formerly known as Northern Rock (Asset Management) plc and changed its name to NRAM plc in May 2014. NRAM plc was founded in 1850 and is based in Bingley, the United Kingdom.

Croft Road

Croft Road

Bingley,  BD16 2UA

United Kingdom

Founded in 1850

Key Executives for NRAM plc

Chief Executive Officer and Director
Age: 62
Finance & Investment Director and Director
Chief Internal Auditor
Chief Risk Officer and Member of Executive Committee
Head of the Treasury Operations
Age: 52
Compensation as of Fiscal Year 2014.

NRAM plc Key Developments

TSB Plans Bid For UKAR's Mortgage Portfolio

TSB Banking Group is plotting an audacious takeover bid for a £1.5 billion taxpayer-owned mortgage portfolio. TSB is interested in acquiring the residential loan book of UK Asset Resolution Limited (UKAR), that is winding down the loans of NRAM plc and Bradford & Bingley. Sky News has learnt that TSB's Chief Executive Paul Pester has expressed an interest in acquiring the residential loan book from UKAR.

NRAM plc Appoints Ian shares as Finance & Investment Director

NRAM plc announced the appointment to the Board of Mr. Ian shares as Finance & Investment Director, with effect from 8 July 2014. Mr. shares has been Finance & Investment Director of NRAM since December 2013, prior to which he was Investment Director.

NRAM plc Announces Changes to Articles of Association

The Board of NRAM plc announced that, further to the special resolutions passed at the Annual General Meeting on 1 July 2014, the amended Articles of Association are available at companies House. The amended Articles of Association incorporate the name change of the company which occurred on 16 May 2014. There are no other amendments.

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