Appointments to the Board of the UK Infrastructure Bank

HM Treasury has confirmed the appointments today

HM Treasury has today (14 December) confirmed that Chris Grigg CBE has been reappointed as chair of the UK Infrastructure Bank (UKIB) for a further 3 years from 3 May 2024 and Muriel Dube has been appointed to the Board at UKIB as non-executive director for 4 years from 14 December 2023. Ms Dube will also take over as chair of the Remuneration Committee in due course following a handover period. The current interim chair, Tania Songini, will continue in the role on an interim basis until Ms Dube takes on the role.

The bank is a vital part of the government’s commitment to supporting private investment in UK infrastructure. High quality infrastructure is crucial for economic growth, achieving net zero and levelling up regions across the UK. Private investment in infrastructure is critical to these goals, and the bank’s remit of crowding-in private finance is an important tool to help secure that investment.

Chris Grigg CBE was the chief executive officer of British Land, a real estate development and investment company, for 11 years until November 2020. Previously, Mr Grigg was chief executive of Barclays Commercial Bank and a partner at Goldman Sachs. He has served on the Board of BAE Systems since 2013 – where he is currently the senior independent director – and is on the corporate board of Cancer Research UK.

As chair since 2021, Mr Grigg has overseen the scale-up of the bank through a critical stage in its lifetime. Mr Grigg’s experience and stewardship as chair continues to be vital in supporting it to become a mature and established organisation.