The Department for Business and Trade has announced the appointment of Stephen Welton as the new non-executive chair of the British Business Bank.
He takes over from Lord Smith of Kelvin, who has held the position at the UK government’s economic development bank for six years since 2017.
Welton was previously appointed in 2013 as an advisor to the UK government about the establishment of the British Business Bank, which was founded in 2014.
He was also founder and chief executive of the Business Growth Fund (BGF) from 2011 to 2020 and has experience as an investor in private capital markets around the world.
Commenting on the news small business minister Kevin Hollinrake said: “I am delighted to welcome Stephen to his new role. With his wealth of experience in investment and passion for driving entrepreneurship, I know he’ll deliver leadership at the British Business Bank on their mission to boost and scale up the UK’s SMEs.”
Last month the British Business Bank announced a loss of £135.3 million. The bank’s chief executive Louis Taylor said that an expected drop in valuations across its portfolio had driven the loss.
Latest News
-
UK regulators launch inquiry into Big Tech digital wallets
-
Citi taps Barclays for new commercial head
-
Santander launches digital sign language service
-
Anne Boden steps down from Starling board to 'develop AI business'
-
NatWest payments arm partners with JD Wetherspoon
-
Government stake in NatWest drops below 20 per cent
Safeguarding economies: DNFBPs' role in AML and CTF compliance explained
Join FStech editor Jonathan Easton, NICE Actimize's Adam McLaughlin and Graham Mackenzie of the Law Society of Scotland as they look at the role Designated Non-Financial Businesses and Professions (DNFBPs) play in the financial sector, and the challenges they face in complying with anti-money laundering and counter-terrorist financing regulations.
Ransomware and beyond: Enhancing cyber threat awareness in the financial sector
Join FStech editor Jonathan Easton and Proofpoint cybersecurity strategist Matt Cooke as they discuss the findings of the State of the Phish 2023 report, diving into key topics such as awareness of cyber threats, the sophisticated techniques being used by criminals to target the financial sector, and how financial institutions can take a proactive approach to educating both their employees and their customers.
Click here to read the 2023 State of the Phish report from Proofpoint.
Click here to read the 2023 State of the Phish report from Proofpoint.
Cracking down on fraud
In this webinar a panel of expert speakers explored the ways in which high-volume PSPs and FinTechs are preventing fraud while providing a seamless customer experience.
Future of Planning, Budgeting, Forecasting, and Reporting
Sage Intacct is excited to present FSN The Modern Finance Forum’s “Future of Planning, Budgeting, Forecasting, and Reporting Global Survey 2022” results. With participation from 450 companies around the globe, the survey results highlight how organisations are developing their core financial processes by 2030.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories