Currently Chair of SSE and The Weir Group, Lord Smith has a strong financial services background, chairing the group set up by the Financial Reporting Council in 2003 to clarify the role of audit committees.

Sir Adrian Montague has been appointed as Deputy Chair and Senior Independent Director. Sir Adrian, who is chair of companies including 3i and Anglian Water Group, has been chairing the GIB Advisory Group and has been closely involved with the development of the bank.

Lord Smith said:

“It is a pleasure to be asked by the Business Secretary to chair this groundbreaking institution. I look forward to working with Sir Adrian Montague and can’t wait to get started.”

Added Deputy Prime Minister, Nick Clegg:

"Lord Smith and Sir Adrian bring significant expertise and strong track records of delivery.

"Britain is already a powerhouse in green industries, but we are still not tapping all of our potential. I am determined that the Government will do everything it can to support this burgeoning sector and set the UK firmly on course towards a green and growing economy. The UK GIB will play a key part in this."

The newly formed Board will begin the recruitment of the company’s other directors and senior executive team shortly, with a view to having the UK GIB fully operational this autumn, subject to state aid approval from the European Commission.

Following these appointments, the Advisory Group chaired by Sir Adrian Montague will be disbanded.

The UK GIB will be based in Edinburgh and London, with its headquarters located in Edinburgh, and an office in London. This arrangement will enable a greater commercial reach nationally than could be achieved from one location.

http://www.workplacelaw.net/environment/content/41790

" />

Currently Chair of SSE and The Weir Group, Lord Smith has a strong financial services background, chairing the group set up by the Financial Reporting Council in 2003 to clarify the role of audit committees.

Sir Adrian Montague has been appointed as Deputy Chair and Senior Independent Director. Sir Adrian, who is chair of companies including 3i and Anglian Water Group, has been chairing the GIB Advisory Group and has been closely involved with the development of the bank.

Lord Smith said:

“It is a pleasure to be asked by the Business Secretary to chair this groundbreaking institution. I look forward to working with Sir Adrian Montague and can’t wait to get started.”

Added Deputy Prime Minister, Nick Clegg:

"Lord Smith and Sir Adrian bring significant expertise and strong track records of delivery.

"Britain is already a powerhouse in green industries, but we are still not tapping all of our potential. I am determined that the Government will do everything it can to support this burgeoning sector and set the UK firmly on course towards a green and growing economy. The UK GIB will play a key part in this."

The newly formed Board will begin the recruitment of the company’s other directors and senior executive team shortly, with a view to having the UK GIB fully operational this autumn, subject to state aid approval from the European Commission.

Following these appointments, the Advisory Group chaired by Sir Adrian Montague will be disbanded.

The UK GIB will be based in Edinburgh and London, with its headquarters located in Edinburgh, and an office in London. This arrangement will enable a greater commercial reach nationally than could be achieved from one location.

http://www.workplacelaw.net/environment/content/41790

" />

UK Green Investment Bank company formed

Posted on 28 May 2012.

Lord Smith of Kelvin will be the new Chair of the UK Green Investment Bank plc, said the Business Secretary, Vince Cable, announcing the formation of the public company and the appointment of its top directors.

Legislation has also now been introduced, under the Enterprise and Regulatory Reform Bill, to set the Bank’s green purpose, embed its independence and make funding provision for the Bank.

Vince Cable said:

"The UK GIB is a major new innovation vital to securing investment in what is one of the great challenges of our age, the decarbonisation of our energy supply. It has found two candidates of outstanding calibre well suited to leading the bank through its important early phase."

Currently Chair of SSE and The Weir Group, Lord Smith has a strong financial services background, chairing the group set up by the Financial Reporting Council in 2003 to clarify the role of audit committees.

Sir Adrian Montague has been appointed as Deputy Chair and Senior Independent Director. Sir Adrian, who is chair of companies including 3i and Anglian Water Group, has been chairing the GIB Advisory Group and has been closely involved with the development of the bank.

Lord Smith said:

“It is a pleasure to be asked by the Business Secretary to chair this groundbreaking institution. I look forward to working with Sir Adrian Montague and can’t wait to get started.”

Added Deputy Prime Minister, Nick Clegg:

"Lord Smith and Sir Adrian bring significant expertise and strong track records of delivery.

"Britain is already a powerhouse in green industries, but we are still not tapping all of our potential. I am determined that the Government will do everything it can to support this burgeoning sector and set the UK firmly on course towards a green and growing economy. The UK GIB will play a key part in this."

The newly formed Board will begin the recruitment of the company’s other directors and senior executive team shortly, with a view to having the UK GIB fully operational this autumn, subject to state aid approval from the European Commission.

Following these appointments, the Advisory Group chaired by Sir Adrian Montague will be disbanded.

The UK GIB will be based in Edinburgh and London, with its headquarters located in Edinburgh, and an office in London. This arrangement will enable a greater commercial reach nationally than could be achieved from one location.

http://www.workplacelaw.net/environment/content/41790