We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
RSS FeedChange Management

Green Investment Bank advisory panel unveiled


Finance experts lined up to support the bank and Britain’s ‘transition to a green economy’

Article comments

A nine-strong panel of finance experts has been assembled to advise government ministers on how best to establish and develop its fledgling Green Investment Bank (GIB).

The bank’s chairman Sir Adrian Montague will lead the group, which includes the professor of economics and government Lord Stern, the former chairman of Shell UK James Smith and the UK vice president of the European Investment Bank Simon Brooks.

Sir Adrian worked with business secretary Vince Cable to find nine suitable candidates for the advisory panel, which will be involved in deciding the strategic direction of the bank, one of the key aspects of the coalition’s effort to promote sustainability.

“The group has wide-ranging credentials relating to energy and other environmentally important industries, hands-on financing experience and a deep understanding of infrastructure projects,” said Vince Cable. “We also have people with a background of starting up new credit institutions and managing a development bank.”

“They all bring a wealth of experience with them and I can’t wait to start work with the group during this critical and exciting time in the development of the Green Investment Bank,” Sir Adrian said.

The government’s Budget in March pledged that £3 billion would be poured into the GIB before 2015, at which point it is scheduled to gain full borrowing powers having been established as a standalone institution.

Each member of the advisory panel, including its chairman, will give their time to the project on a voluntary basis.

They will perform a consultancy role during what the government refers to as the GIB’s ‘incubation period’ and will not be making decisions on individual investments.

Read also - CFO World In Depth on prospects for the Green Investment Bank

Share:

Recommended Articles

Comments

Green Investment Bank advisory panel unveiled
Change Management

Ocado: Online food is not our bread and butter

Ocado: Online food is not our bread and butter

ComputerworldUK meets Ocado CTO Paul Clarke to find out why the company believes it is a tech company, not a retailer, at heartmore ..


Big increase in UK online sales tracked by IMRG Capgemini

Estimated £8.1 billion spent onlinemore ..

BHP Billiton names CFO Graham Kerr boss of new demerger business

BHP Billiton announced plans to separate its main business to simplify the group and boost shareholder valuemore ..

Online retailers to benefit from superfast broadband

Government hopes that 95 percent of the population will have superfast broadband by 2017more ..

How new technologies are 'disrupting' shared services

A whole new model with less staff, more focus on intellectual capabilities and localised staffing is evolvingmore ..

Car industry’s greatest challenge is the shift to software

BMW’s outage illustrates the minefield manufacturers are navigating in light of the connected carmore ..

Send to a friend

Email this article to a friend or colleague:


PLEASE NOTE: Your name is used only to let the recipient know who sent the story, and in case of transmission error. Both your name and the recipient's name and address will not be used for any other purpose.



In Depth
Can finance rise to the challenge of major transformation?

Can finance rise to the challenge of major transformation?

Outdated finance processes, systems and competencies leave too many questions unanswered more ..

In Depth
Interim CFO or consultant? The pros and cons

Interim CFO or consultant? The pros and cons

Ed Harding offers an insight into the life of an interim CFO and the advantages in driving transformation more ..

Advertisement

* *