UKGI is an arm’s length body of Her Majesty’s Treasury (HMT), and is the governments centre of excellence in company governance and company finance.
Vindi Banga is at this time Chair at Marie Curie, a Senior NED at GlaxoSmithKline, a NED of The Economist Community and Partner of CD&R. He has 33 years of journey at Unilever, where his last role was President of the World Meals, House and Deepest Care agencies, and on the Unilever Govt Board.
Vindi will absorb the role in September 2021, following a handover with the incumbent chairman, Robert Swannell CBE.
John Glen, The Economic Secretary to the Treasury, acknowledged:
I am elated to welcome Vindi Banga as the new Chair of UK Govt Investments. His extensive leadership journey will be a substantial asset for directing the UKGI board in the arriving years. UKGI gives purposeful advice and enhance to the governmenton company governance and company finance, and Vindi’s appointment will guarantee this continues.
Charles Donald, CEO of UKGI, acknowledged:
Vindi joins UKGI with a wealth of journey from his previous and newest positions. I am in particular pleased that this excessive organisation will be led by any individual who embodies our heroic vary and inclusion agenda and is passionate about helping me to invent on the event made so a long way. I very necessary look forward to working with Vindi in his new role as we continue to advise on our desires over the subsequent one year and past.
I prolong my heartfelt as a result of Robert Swannell for all his appropriate advice and enhance as Chairman and the work he has performed one day of his tenure to rework UKGI into the organisation it is this day.
This appointment is regulated by the Commissioner for Public appointments (OCPA) and is made in step with the Governance Code on Public Appointments printed by the Cupboard Office. This appointment is made on benefit and political task accomplished no portion in the decision direction of. Per the code, there is a requirement for appointees’ political task (if any declared) to be made public. Vindi Banga didn’t show any political task.
UKGI is the governments centre of excellence in company governance and company finance. It gives expert advice and leading solutions that affirm and translate govt’s choices into efficient outcomes in the nationwide pastime.
UKGI acts as shareholder for, and leads the establishment of, UK govt arm’s length bodies; it advises on all major UK govt company finance matters, including monetary interventions into company constructions and company finance negotiations; it analyses and advises on the UK govt’s contingent liabilities; and it acquires, manages and executes the sale of all vital UK govt company assets.
UKGI is owned by HM Treasury and independently managed with a Board comprised predominantly of self reliant non-govt directors. UKGI works carefully with each and each the non-public and public sectors, advising and interacting with ministers, Parliament and Whitehall departments.