CEO, UK Infrastructure Bank

Body: UK Infrastructure Bank
Appointing Department: HM Treasury
Sector: Business, Finance & Skills
Location: Leeds
Skills required: Business / Commercial
Number of Vacancies: 1
Remuneration: £330,000 per annum. In addition, the CEO will be entitled to performance related pay awards based on personal, and wider corporate, performance.
Time Requirements: The position will be full time.

Campaign Timeline

  • Competition Launched


  • Closed for Applications


  • Panel Sift


  • Final Interview Date


  • Announcement



Assessment Panel

Vacancy Description

The Chancellor of the Exchequer is looking to appoint a CEO for the new UK Infrastructure Bank (UKIB). The objective of the Bank is to support and enable private and public investment in infrastructure and to help the UK government deliver its goal to create a net zero economy by 2050 and support regional and local economic growth across the country.

With £22 billion of financial capacity to deliver on its objectives, the Bank will advise, finance and co-invest alongside private sector investors. It will be available as a source of advice, including to local authorities, on developing and financing vital infrastructure. Headquartered in Leeds, the Bank will operate UK-wide, working to a mandate set by government with a high degree of operational independence.

The CEO is responsible for the executive leadership, day-to-day management and performance of UKIB and for ensuring the Bank delivers against the strategy and targets set by the board. The CEO will have final responsibility and oversight of UKIB’s investment portfolio and will also manage the Bank’s relationship with HM Government and act as its ambassador in the public and commercial arena.

This high profile and important role is an exciting opportunity to shape and build a new organisation and bring together public and private resources to support the delivery of vital social, environmental and economic objectives.

Candidates will have significant business and people leadership experience in a high quality organisation, most likely within corporate or investment banking. A track record of operating at board level, working with high-profile stakeholders and building strategic relationships is critical, as is an understanding of the key issues of board governance. High levels of commercial and financial acumen are required and prior experience in infrastructure finance, green finance or corporate lending would be an advantage. All candidates must demonstrate integrity, authority and independence, excellent interpersonal skills and a sincere and passionate interest in public service and the objectives of the Bank. UKIB encourages a diverse workforce and welcome applications from all suitably qualified people.

HM Treasury has retained Russell Reynolds Associates to advise on this appointment. For further information about the position and additional details on qualifications, requirements, terms and conditions of service and how to apply, please view the candidate pack attached.

Person Specification

The CEO is responsible for the ultimate executive leadership, day-to-day management and performance of UKIB – including ensuring the Bank delivers against the strategy and targets set by the board. In addition, the CEO will have public facing responsibilities and will be expected to manage the bank’s relationship with HM Government, act as its ambassador, and ensure it delivers in line with its mandate. More specifically, responsibilities will include:

  • Leadership and operational performance. The CEO is the most senior executive leader within the Bank and accountable for ensuring the institution is high performing and effective, delivering against the objectives set out by the board and the Bank’s mandate (including both financial and policy outcomes). The role holder will have to monitor the organisation effectively against key metrics. In addition, the CEO will have final responsibility and oversight of UKIB’s investment portfolio and ensuring that its investments are commercially suitable, manage risk appropriately, and deliver against the Bank’s policy objectives.
  • Working with the board. The CEO is responsible for presenting to the board and, where relevant, Ministers – ensuring that both groups are kept updated on relevant performance in a timely manner and that work is aligned with overarching policies and objectives. The CEO will need to create a strategic partnership with the board to ensure UKIB is a high performing institution and that relevant strategic issues are proactively identified and managed. The successful role holder will need to be able to listen to board members and meet the goals they set but also provide constructive challenge where appropriate.
  • Recruitment and talent. The candidate must ensure the Bank is an outstanding employer capable of attracting, retaining and motivating excellent and diverse talent; this will include being ultimately responsible for results in the Bank’s annual people survey, or comparable employee engagement studies, and ensuring the welfare and fair treatment of staff.
  • Working with the wider executive and employees. Work effectively with and, where appropriate, help recruit the senior executive team and wider employees of the bank across banking, risk, regulatory, policy, and back office functions. Provide both leadership and collaboration in these relationships, offering appropriate challenge and support to drive performance. Ensure a tone is established within the Bank which promotes discussion and constructive challenge at all levels as well as effective decision making and a unifying culture of expertise, delivery and public service.
  • Strategy. The CEO will develop and sign-off the Bank’s strategy (scope, design, products, investments, governance, and operations).
  • Culture. Establish and nurture a culture of excellence, diversity, collaboration and professional integrity within the bank, in all aspects of operations. Ensure that the Leeds office is successful both as a headquarters for the Bank, employer within the region, and culturally as a unifying institution outside of London which contributes to the agenda of supporting regional and local economic growth. Make sure that bullying and discrimination are never tolerated and actively discouraged to prevent their occurrence.
  • Stakeholder relations and external engagement. Effective engagement with important stakeholders, both within and beyond Whitehall, which is likely to include Ministers, senior civil servants, local authorities, devolved administrations, mayoral combined authorities, investors, academics and advisory groups. Act as an ambassador for the Bank as required and champion its reputation.

We are seeking an outstanding individual with the highest levels of integrity, capability, authority and independence.

Essential Experience:

  • Substantial senior UK finance experience at top tier organisations – preferably within infrastructure finance.
  • Proven ability to lead a group of high calibre staff in a professional services context, and manage complex change, as a senior executive (ideally at CEO or comparable level).
  • Track record of managing high-profile stakeholders and building effective networks with diverse groups.
  • Experience of operating at board level with significant entities, or of working alongside such boards in a professional capacity; experience and knowledge of the key issues of board governance.
  • Capability to supervise complex financial analysis and modelling within a project finance environment; high level of attention to detail and numeracy.

Desirable Experience:

  • Proven success in direct evaluation and management of profitable infrastructure funding projects (e.g. energy; transport; utilities) across the full project cycle including initial project scoping and origination; risk analysis; execution; and documentation.
  • Green finance experience (e.g. renewables; green bonds).
  • Proven ability to work with, influence, and navigate HM Government at a senior level, especially HM Treasury; direct experience working for government or an arm’s-length body, or similar.
  • Experience setting up a new organisation or commercial institution.
  • Proven understanding of lending, infrastructure finance or corporate finance.

Essential Attributes: 

  • Outstanding leadership skills: an effective, supportive, and inclusive leadership style which champions diversity. Able to lead a nascent organisation.
  • The ability to influence – and where appropriate challenge – senior stakeholders, including at board level. The ability to create and nurture strategic relationships.
  • Resilience and the ability to remain calm in stressful situations.
  • Excellent interpersonal skills and the ability to listen. A team player. Able to navigate complex relationships and build strong, productive and effective long-term partnerships externally and internally in order to optimise the bank’s The ability to engage and negotiate effectively across Whitehall and with Ministers in order to establish and strengthen the bank’s influence.
  • Strong communication skills, both in person and in writing, and an empathetic approach.
  • Sincere and authentic interest in public service and diversity.
  • Passionate about the bank and its policy objectives of creating a net zero economy and supporting regional and local growth.
  • Undoubted integrity: a figure who can exemplify the Seven Principles of Public Life.


Additional Information

The bank will be headquartered in Leeds, and the CEO will be based there.

As part of the recruitment process due diligence, including social media checks, will be undertaken on short-listed candidates.

How to Apply

HM Treasury has retained Russell Reynolds Associates to advise on this appointment.  If you wish to apply for this position, please supply the following by 23:00 on Wednesday 7th July 2021:

  • A comprehensive CV (maximum two sides A4, minimum 11 font) setting out your career history and including details of any relevant professional qualifications. The names of two referees should be included in the CV. References will only be taken up for short listed candidates. Referees will not be contacted without your prior consent.
  • A short supporting statement (maximum two sides A4, minimum 11 font) giving evidence of the strength and depth of your ability to meet the essential and, if relevant, desirable criteria for the role. Please provide specific examples to demonstrate how you meet the experience and attributes identified in the person specification.
  • In addition, please complete and submit the two forms entitled ‘Diversity Monitoring Form Accessible – Non OCPA’ and ‘Disability Confidence and Political Activity Declaration’. These can be found as web links in Annex C of the candidate pack, and they are also attached directly within this advert.

Applications or queries about the role should be emailed to Please quote UK Infrastructure Bank, Chief Executive and reference code 2106-017L in the subject heading of the email.  All applications will be acknowledged.

Please note it is your responsibility to ensure we receive your application by the closing date. Data will be processed in line with the privacy notice found (attached separately).

UK Infrastructure Bank - CEO - Candidate Pack - June 2021
Disability Confidence and Political Activity Declaration - CEO
Diversity Monitoring Form Accessible - Non OCPA
Public Appointment Recruitment Privacy Notice

This post is NOT regulated by The Commissioner for Public Appointments.

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