Jim O'Neil
Biography
Jim was appointed Second Permanent Secretary of the Treasury in July 2025. Jim brings a wealth of experience from investment banking and corporate finance to the Treasury, after a long career at Bank of America. He also has experience in the public sector, spending three years at UK Financial Investments from 2010-2013. As Chief Executive of UKFI, he managed the government’s holdings in Royal Bank of Scotland, Lloyds Banking Group, and UK Asset Resolution.
Jim began his career at Bank of America in New York in 1993 and relocated to London in 1999. He has over 30 years’ experience of both the capital markets and the financial services industry. He holds a BSc form the University of Virginia and an MBA from the University of Chicago.
Second Permanent Secretary
The role of the Second Permanent Secretary is to support the Permanent Secretary in the running and oversight of the department.
Responsibilities include:
- oversight of international, public spending and public services policy