Category: Gov Press Releases

UK Government Investments (“UKGI”), the Government’s centre of expertise in corporate finance and corporate governance, announces a significant strengthening of its senior management team with the appointment of four new Directors. Tom Cooper and Candida Morley join UKGI as Directors, while Michael Harrison and Henry Lloyd have both been promoted to Director from within UKGI. These appointments expand UKGI’s senior management team from four to eight Directors working with Mark Russell, UKGI’s Chief Executive Officer.

Commenting, Mark Russell said:

As UKGI activity continues to increase, I am delighted that we have been able to strengthen further and enlarge our senior management team through the appointment of four highly experienced Directors.

One of the primary attractions of working at UKGI is that we operate at the heart of government, at the point where the public and private sectors meet. As such, we welcome Tom and Candida to UKGI from the private sector and congratulate Michael and Henry on their appointments as UKGI Directors. They all bring a breadth and depth of expertise to the senior management team which will be hugely beneficial to the ongoing development of UKGI.

Tom Cooper was most recently Global Co-Chairman of M&A at Deutsche Bank where he has spent the last 8 years. He started his career at KMPG and was at UBS Investment Bank for 21 years where his various roles included Head of European M&A.

Candida Morley joins UKGI from HgCapital where she was an Operating Partner. Between 2001 – 2015 she worked at private equity fund LDC (where her roles included Chief Portfolio Offer and Chief Operating Officer), prior to which she worked at Elementis plc, 3i plc and as Director of Development at the Victoria and Albert Museum.

Michael Harrison joined UKGI in 2009 from Greenhill Caliburn, the Australian independent corporate finance adviser, prior to which he worked at CSFB and BZW. At UKGI he has worked on a range of projects across Government and currently works closely with organisations including Network Rail and Ordnance Survey.

Henry Lloyd joined UKGI in 2015 having spent over 25 years in European corporate finance and M+A, including roles at JPMorgan, CSFB and BZW. At UKGI his work has included representing the Department for Business, Energy and Industrial Strategy on the board of The Insolvency Service and advising the Ministry of Defence on the establishment of a new Executive Agency for the delivery of the submarine programme.

For further information:

UKGI: Josh Coe – 0207 215 4787

Citigate Dewe Rogerson: Toby Moore, Jos Bieneman, Elizabeth Kittle – 0207 638 9571

About UK Government Investments (‘UKGI’)

UKGI is owned by HM Treasury but independently managed and with a Board mostly comprised of independent Non Executive Directors. It combines the former Shareholder Executive and UK Financial Investments (‘UKFI’). Working with a range of Government departments across Whitehall and operating at the boundary of the public and private sectors, UKGI’s role is to provide Government with a centre of excellence in corporate finance and corporate governance.
While enormous in its scope and diversity, UKGI’s work covers four principal areas:

• It acts as shareholder, representing Government’s interests in the stewardship of over twenty arms-length organisations and assets, ensuring their good governance, scrutinising their performance and looking to optimise their value and operational efficiency on behalf of the taxpayer. It does all of this in line with its Principles of Portfolio Governance, which set the standard for the governance of assets in the public sector;
• It continuously reviews the feasibility of and alternatives for optimising the monetisation of those Government assets held for disposal, going on to prepare and execute all of Government’s significant corporate and financial asset sales;
• It advises Government on all its financial interventions into corporate structures resulting from corporate or sectoral distress and other special situations;
• It advises Government on its major negotiations with corporates, responding to M&A and other potential transactions that have implications for the UK national interest.

Today Damian Green, First Secretary of State and Minister for the Cabinet Office, met with the Elders to discuss a range of global issues that the UK is helping to tackle.

The Former President of Ireland, Mary Robinson; former president of Mexico, Ernesto Zedillo; and the former Algerian Foreign Minister and UN Special Representative for Syria, Lakhdar Brahimi, met the First Secretary in his offices on Whitehall.

Damian Green, First Secretary of State and Minister for the Cabinet Office said:

It was a pleasure and an honour to meet the Elders and I am glad that we could have a constructive meeting. We discussed issues including Syria, modern slavery, refugees, climate change and the Northern Irish border after Brexit.

I reiterated the importance the UK places on tackling external threats to our environment and global security, and upholding the fundamental values of freedom, democracy, human rights and the rule of law. I also restated the Government’s commitment to avoiding a ‘hard border’ between Ireland and Northern Ireland and protecting the Common Travel Area.

The UK is a global nation, never more so than now, and the Government firmly believes Britain should play an active, leading role in the world. I look forward to continuing this dialogue with the Elders and other international groups in the months and years ahead.

Mary Robinson, Former President of Ireland and lead for the delegation said:

We have held positive discussions today with the First Secretary of State on a range of global issues from the war in Syria and tensions over North Korea, to the Iran nuclear agreement, refugees and migration and climate change. As one of the permanent members of the UN Security Council, the United Kingdom has a special responsibility to play in this forum and beyond to promote peace, diplomacy and the indispensability of multilateral institutions in solving global problems.

Antony Phillipson has been appointed Her Majesty’s Consul General in New York and Director-General of International Trade North America. Antony will take up his appointment in mid-November 2017.

Sir Kim Darroch, Her Majesty’s Ambassador to the United States said:

I am delighted to announce Antony Phillipson’s appointment as Her Majesty’s Consul General in New York. Antony served with me in No 10 Downing Street in the mid-2000s, and later as British High Commissioner to Singapore. Moreover, earlier in his career, he spent four years in Washington as our Counsellor on global economic policy. He is, in short, outstandingly well-equipped to serve Her Majesty’s Government in one of the United States’ most vibrant and dynamic regions and strengthen a vitally important economic and trade partnership with the US. I look forward eagerly to his arrival.

Antonia Romeo, Permanent Secretary at the Department for International Trade said:

Antony has an extensive background in trade promotion and trade policy, and will bring his unique experience and international insight to the role leading DIT in North America. I look forward to working closely with Antony in his role to further trade and investment ties between the UK and the USA and Canada.

As Consul General, Antony will lead the Government’s work promoting UK economic, commercial, political and consular interests in New York and the surrounding area. As Head of International Trade in North America, Antony will lead trade and investment promotion and trade policy throughout the North American region.

Antony takes up his position at an important time, with the total UK-US trade in goods and services worth more than $200 billion annually supporting more than a million jobs on each side of the pond. The US and UK are each other’s largest foreign direct investors and trading partners.

Previously, Antony Phillipson was Director of Trade and Partnerships in the Department for Exiting the European Union. He has held a number of other posts in Her Majesty’s Government since joining the Civil Service in 1993, including Counsellor in the Embassy in Washington, the Prime Minister’s Private Secretary for Foreign Affairs, Head of the FCO Iran Coordination Group and High Commissioner to Singapore.

Antony has a degree in Modern History from the University of Oxford. He is married to Julie and they have three sons.

Further information

• View Antony Phillipson’s profile here
• Follow the Foreign Office on Twitter @foreignoffice and Facebook
• Follow the British Consulate in New York on Twitter @UKinNewYork
• Follow the Foreign Office on Instagram, YouTube and LinkedIn

Scottish Secretary David Mundell confirmed today (25th October) in the House of Commons that the group will meet for the first time on Friday, chaired by former UK Government Minister Andrew Dunlop.

The Scottish Business Taskforce’s aim is to exert a positive influence on the development of UK Government policy, and in so doing help to advance Scotland’s interests. In the first meeting the group will discuss the Scottish economy, Industrial Strategy as well as progress made in City Region Deals.

Chaired by former UK Government Minister Andrew Dunlop, the panel comprises:

• Marc Crothall CEO – Scottish Tourism Alliance
• Prof Susan Deacon – Assistant Principal External Relations, University of Edinburgh and Chair, IoD Scotland
• Jayne-Anne Gadhia – Chief Executive, Virgin Money
• Jo Macsween – Vistage Group Chair and ex MD Macsween of Edinburgh
• Prof. Graeme Roy – Director, Fraser of Allander, University of Strathclyde
• Louise Smith – HMT Fintech envoy Scotland and Head of Design, Personal and Business Banking RBS
• Douglas Smith – Chairman – Scotland, CBRE
• Neil Sims – VP, Expro – North Sea
• Chris Van der Kuyl – Chairman, 4J Studios
• Ellis Watson – Executive Chairman DC Thomson Media
• Will Whitehorn – Chair, Scottish Exhibition Centre and Clyde Space
• Brian Wilson – Chair, Harris Tweed Hebrides

The Taskforce’s core membership are all business and economic leaders who have been invited to join in their personal capacity and on the basis of their knowledge and experience, rather than representing a particular trade body or organisation.

David Mundell said:

The Scottish Business Taskforce boasts an unrivalled wealth of expert analysis and knowledge. The members represent the diversity and talent of Scottish business and will ensure that the UK Government is seeking the best advice from leaders in their fields.

Chaired by my former colleague Andrew Dunlop who is a business expert in his own right, this taskforce will provide the insight to ensure we are delivering for Scottish businesses.

The first meeting of the group will take place in Edinburgh on the 27th October, and will discuss the state of the Scottish economy, the UK Government’s Industrial Strategy, innovation and the economic powers at the disposal of both governments.

Ahead of the meeting, Scottish Business Taskforce chairman and former UK Government Minister Andrew Dunlop commented:

As a UK Government Minister, I made it my priority to understand the needs of Scottish businesses and to take action to strengthen the Scottish economy. And as someone who has also run my own company I can appreciate the importance of creating the right climate in which business can thrive. That’s why I am delighted to be chairing this group, building on both experiences to bang the drum for Scottish businesses.

The group’s membership engages some of Scotland’s best business and economic brains and draws on experience of diverse sectors from fintech and new media to the iconic Harris Tweed and Macsween’s world famous produce.

The UK Government Scottish Business Taskforce will focus on how the UK Government can use its policy levers to improve our productivity, performance and promote strong economic growth in Scotland. Our work will feed directly into the UK Government and provide a constructive contribution to its joint work with the Scottish Government.

The government publishes grants data in line with the UK’s Open Government National Action Plan. The new Government Grants Information System (GGIS) enables grant information on £100 billion (2016 to 17) worth of grants to be recorded and reported across government departments in a simple, standardised and scalable way.

The new system represents the most comprehensive picture of the grants landscape available to government. Grants range from government funding for schools, to UK Sport grants, to funding for bus service operators.

John Manzoni, Chief Executive of the Civil Service and Cabinet Office Permanent Secretary, said:

We spend more than £100 billion a year on government grants. We will continue to ensure that this money is being spent effectively. Through the GGIS, for the first time, we are able to collect more extensive data across government departments, not only on the levels of grant giving, but also how the process is being managed within each department.

The new system will reinforce our drive for efficiency, effectiveness and transparency in how we do our business in government and gives us greater assurance identifying and preventing fraud.

The system, which was launched last year, collects data showing how much each of the government departments are paying out in grants to a range of organisations.

This will allow for greater scrutiny of grant making and will help the government identify areas of inefficiency or fraud throughout the grant making process. The database is available to government departments for policy analysis purposes.

The data for the Department for Transport and the Ministry of Justice has also been released to a standard format developed by the 360Giving initiative, which means it is available to the public and can be compared with that of other grant making organisations, therefore providing a bigger picture of the UK funding landscape.

Fran Perrin, Founder of 360Giving, which supports organisations to publish their grants data in an open, standardised way, said:

The government is the UK’s largest grant funder, so we are pleased that it is on board with the greater grants data movement in a push towards more transparency, efficiency and efficacy.

By adopting the 360Giving Standard as many grant makers are now doing, their data can be more easily shared and used alongside that of other grant makers.

More open, comparable data will improve the sector’s ability to make informed, evidence-based funding decisions and ultimately bolster the impact of UK grant making.

The government has been considering the recommendations of the joint report on the future of supported housing produced by the Department for Communities and Local Government (DCLG) and the Department for Work and Pensions (DWP) and will be also publishing its response to that on the same day.

Supported housing supports some of the most vulnerable people across the country and the government’s priority is to safeguard its future.

Contact Press Office

• DCLG – 0303 444 1209
• DWP – 020 3267 5144