British Business Bank hires new CEO
The British Business Bank has appointed Louis Taylor as its new leader.
Louis Taylor has been appointed CEO of the British Business Bank.
Taylor, who will take up the role from 1 October 2022, is currently CEO of UK Export Finance, the UK government's export credit agency.
He joined UK Export Finance in 2015, following a career in banking and corporate finance, most recently with Standard Chartered Bank where he held positions as Chief Operating Officer for Group Treasury and also as CEO, Vietnam, Laos & Cambodia. Previous to this he was an investment banker for JP Morgan.
The British Business Bank has run a number of debt and equity programmes since its launch in 2014 aiming to promote high growth sectors of the economy, one of the largest of which is fintech as well as helping address the UK’s government industrial agenda.
Its core programmes have delivered support of over £8.5bn of finance to almost 95,000 smaller businesses. The British Business Bank is responsible for running the government’s Coronavirus business loan schemes and Future Fund, together responsible for delivering £80.4bn of finance to 1.67 million businesses.
“Continuing to deliver on the government’s agenda for levelling up and driving towards net-zero is an exciting prospect that I look forward to addressing with the Bank’s talented team,” said Taylor.
Since September 2020, Catherine Lewis La Torre has been interim CEO and will continue in the post until Taylor starts in October.
“Louis is a highly respected, strategic leader, with more than 30 years of banking and corporate finance experience and a strong track record of success. He has successfully led UK Export Finance for more than six years and has made a considerable contribution to the agency since he joined in 2015,” said Lord Smith of Kelvin, Chair, British Business Bank
UK Government Investments, an “arms-length” body of the Treasury, which acts as a shareholder for the British Business Bank on behalf of the Department for Business, Energy & Industrial, support the hiring process according to a media release.