Nationalisation of Northern Rock mortgage products, but the other company, "Northern Rock (Asset Management) plc", will not. The subsidiary in Guernsey, Northern Rock (Guernsey) Limited, and all Irish accounts are owned by the new Northern Rock plc. After the split there are two boards of directors; Ron Sandler is the Chairman of the new Northern Rock plc and Richard Pym is Chairman of the Asset Management company. Gary Hoffman is Chief Executive of both companies. On 10 March 2010 Northern Rock (Asset Management) plc announced that for the year 2009 the company made a better than expected loss of £257.4 million; this was a
Government of Northern Ireland (1921–1972) Lord Lieutenant". In practice the Executive Committee was answerable to the elected House of Commons of Northern Ireland. As a result, the Executive Committee stood in a similar relationship to the legislature and Crown (within devolved Northern Ireland) as the UK's Cabinet does to the Crown and Westminster Parliament. The Executive Committee thus played an equivalent constitutional role in relation to Northern Ireland as the UK Cabinet did to the United Kingdom as a whole. The system of government created by the "Government of Ireland Act 1920" was first suspended by the Northern Ireland (Temporary Provisions) Act 1972, and then