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.”

    Share Story:

Recent Stories

The Future of Intelligent Finance
FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.

The Rise of Instant Payments
Instant payments are creating new business opportunities for banks by providing more touchpoints than ever. With these evolutions underway, Featurespace brought leading industry experts together to discuss how they are protecting customers from fraudsters in real time, utilizing innovative and disruptive solutions to reduce fraud. Click here to find out more.

Offloading Cyber Risk in the Cloud
As cyber attacks and data breaches are in the news on an increasingly regular basis - with regulatory penalties and customer trust on the line for financial services firms - it has never been more crucial to be compliant in the cloud.

This video, with Akamai’s EMEA director of security technology and strategy Richard Meeus, will help explain what your company can be doing to make sure it’s not embroiled in the next big fine or front-page scandal.