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Shaun Kingsbury appointed Green Investment Bank chief

Vince Cable has announced that seven new executives will join the UK’s Green Investment Bank from a wide range of sectors.

The chief executive position has been given to Shaun Kingsbury, formerly head of European activities for private equity firm Hudson Clean Energy Partners.

Mr Kingsbury commented: “I am delighted to have been given the opportunity to become the first Chief Executive of the UK Green Investment Bank.

“The Bank has the important and exciting principal task of allocating capital to projects which can both enhance economic competitiveness and provide leadership in environmental business performance.”

Six non-executive directors were appointed from universities, businesses, investment funds, equity finance and the low carbon sector.

Professor Dame Julia King, who had a series of senior roles in universities and large businesses, will be joined by Fred Maroudas, financial director at Heathrow Airport, Tom Murley, director at HgCapital, and David Nish, chief of Standard Life.

Isobel Sharp, visiting professor at the University of Edinburgh and advisor for Deloitte, will also join the Green Investment Bank with Tessa Tennant, who is the president and co-founder of environmental customer reward scheme, The Ice Organisation.

Business Secretary Vince Cable said: “I have every confidence that the team will build on the good progress already made, leading the Bank into full operation and developing a truly ground breaking institution.”

The appointed executives will take up their positions later in October this year.

Chair Lord Smith of the Green Investment Bank commented: “Shaun brings a strong track record of leadership in private equity and low carbon finance. The non-executive directors also bring strong experience and expertise to our new Board.

“I look forward to working closely with Shaun and his new team as they begin delivery of our strategy, and as we seek to develop and create opportunities in the key sectors.”

This was posted in Bdaily's Members' News section by Miranda Dobson .