Ex-HSBC chief appointed first Infrastructure Bank CEO

The chancellor has appointed John Flint as the first permanent chief executive of the UK Infrastructure Bank (UKIB.)

Flint will be tasked with leading the UKIB to accelerate investment into “ambitious” infrastructure projects that cut emissions and help “level up” the UK.

The former HSBC chief executive will be based at the institution’s headquarters in Leeds.

“I am delighted to appoint John Flint as the first permanent CEO of the UK Infrastructure Bank,” said chancellor of the exchequer, Rishi Sunak. “This is an important milestone for the Bank in its efforts to tackle climate change and level up, while creating new opportunities across the UK as part of our Plan for Jobs.”

Sunak added: “Mr Flint brings outstanding financial and management expertise which will be crucial to leading the organisation as it grows its operations and starts to deliver on its mission to finance projects in every region of the UK.”

Chair of UKIB, Chris Grigg, said that the chief executive will play a pivotal role in shaping the organisation’s culture.

“John Flint has an outstanding track record and deep experience within both finance and senior leadership positions; I look forward to working with him closely in his new position,” he added.

The UKIB will receive an initial £12 billion of capital and will be able to issue a further £10 billion of government guarantees, helping to unlock more than £40 billion of investment overall.

“I am honoured to be appointed the first permanent CEO of the UK Infrastructure Bank,” said Flint. “This is a unique leadership opportunity.”

He added: “The UK Infrastructure Bank’s purpose is clear, and the opportunity to play a role in accelerating the UK’s transition to a low carbon economy, and catalysing regional economic growth is exciting.”

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