HM Treasury owned, UK Government Investments (UKGI) has announced the appointment of three new Directors to its senior management team.
Jamie Carter has been promoted to the position of Director with immediate effect, while Lorna Gratton will join from the Department for Culture, Media and Sport (DCMS) in October.
Earlier this month, Siobhan Duffy joined to lead UKGI’s Contingent Liability Central Capability (CLCC), a newly formed analytical and advisory unit set up to strengthen contingent liability expertise across government.
The UKGI said that the new Directors will provide valuable Civil Service experience within their leadership team, which will help the organisation deliver its work at the intersection of the public and private sectors.
They also said that it reflects the increased government demand for their services across specialist areas.
Commenting, Chief Executive of UKGI, Charles Donald said:
“UKGI’s inclusive culture and working environment, as well as the significant social, economic and political impact of our work, means that we continue to attract senior talent with extensive specialist expertise and experience.
“These appointments strengthen UKGI’s senior team and enhance our ability to provide high quality advice and support across government.”
UKGI is the government’s centre of excellence in corporate governance and corporate finance and provides expert advice and leading solutions that inform and translate the government’s decisions into effective outcomes in the national interest.
The role of the UKGI is to:
- Act as a shareholder for, and leads the establishment of the UK Government arm’s length bodies.
- Advise on all major government corporate finance matters, including financial interventions into corporate structures and corporate finance negotiations.
- Analyse and advise on the UK Government's contingent liabilities.
- Acquire, manage and execute the sale of all significant government corporate assets.
Independently managed with a Board comprised predominantly of independent non-executive directors, UKGI work closely with both the private and public sectors.
As well as this, they advise and interact with Ministers, Parliament and Whitehall departments respectively.
