Press release

Deputy Chairman of UK Green Investment Bank to step down

This news article was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

Sir Adrian Montague will be standing down as Deputy Chairman of the UK Green Investment Bank plc (UK GIB) in April 2013.

Sir Adrian Montague will be standing down as Deputy Chairman of the UK Green Investment Bank plc (UK GIB) in April 2013. Sir Adrian has played a pivotal role in the creation of the Green Investment Bank, chairing Vince Cable’s Advisory Group and agreeing to take up the position of Deputy Chairman to support the Chairman and senior management during the establishment of the new institution.

With offices in Edinburgh and London now fully operational and the UK GIB committed to investing in green infrastructure projects, Sir Adrian has decided that the time will be right for him to step aside in the spring.

Business Secretary Vince Cable said:

Sir Adrian has been a key architect of the Green Investment Bank, both as a committed Chair of the Advisory Group and active Deputy Chair of UK Green Investment Bank plc. His advice has been invaluable and he has been a major force in getting the UK GIB up and running.

Lord Smith of Kelvin said:

It has been really important to me to have had Adrian alongside since I was appointed in May 2012. Without his nurturing of the idea of the Green Investment Bank we would not have the institution of substance that we have today.

A new Senior Independent Director for the UK Green Investment Bank plc is now being recruited by the Department for Business, Innovation and Skills.