THE UK INFRASTRUCTURE BANK has appointed John Flint, former CEO of HSBC, as its first permanent Chief Executive.
John Flint will be tasked with leading the UKIB to accelerate investment into infrastructure projects that cut emissions and help level up the UK.
Born in Yorkshire, John Flint will be based at the institution’s headquarters in Leeds. He most recently held the role of Group Chief Executive of HSBC, a company where he spent 30 years. He first joined as a graduate trainee in 1989 before holding various senior leadership positions including as Chief Executive of Global Asset Management, Group Treasurer and Deputy Head of Global Markets.
UK Infrastructure Bank
The UKIB formation was first announced in this year’s Spending Review. The bank will help finance projects in sectors including clean energy, transport, digital, water and waste.
Chris Grigg CBE, Chair of UKIB, said: “The CEO will play a pivotal role in shaping the organisation’s culture, taking charge of UKIB’s development and performance, and leading its talented workforce. 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.”
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.
John Flint said: “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.”
John Flint will formally begin his role on 27 September.