British Business Bank appoints Eilish Jamieson and Matthew Elderfield as Non-Executive Directors

Press release 15 December 2022

The British Business Bank has appointed Eilish Jamieson and Matthew Elderfield as Non-executive Directors (NEDs) to the board of British Business Bank plc, effective from 21 and 22 November 2022 respectively.

Eilish Jamieson is an experienced Audit and Finance Professional with over 25 years’ experience working in financial services, and more recently serving on public and private sector boards.

Until 2016, Eilish was Head of Audit at Goldman Sachs where she led strategic initiatives around internal control, risk management, change and transformation, culture and governance for over a decade. Amongst other roles, she has been a Non-Executive Director at the Financial Reporting Council, the UK regulatory body responsible for promoting high quality corporate governance and reporting, and a Non-Executive Director at Sport England, a non-departmental public body responsibility for developing grassroots sports. She is a trustee at Plan International UK, a leading charity working with children in the UK and developing countries and is the founder of a leadership development practice working with social impact and female founded businesses.

Eilish started her career at KPMG, undertaking a variety of roles across their financial services and consulting businesses, before moving to their Australian practice where she led an international client portfolio which included investment management, pension, and insurance companies.

Eilish holds a BSc in Accounting and Finance from the London School of Economics and Political Science, and a postgraduate degree in Organisational Psychology from the University of London. She is a qualified chartered accountant and member of the Institute of Chartered Accountants in England and Wales.

I am delighted to be joining the Board of the British Business Bank, an organisation with purpose and commitment to enabling fairer access to finance. Small businesses are the heart of the UK economy, communities, and innovation, and the British Business Bank plays a vital role in this. I look forward to adding my expertise to an already accomplished Board and Leadership team to further strengthen and develop the Bank’s role in supporting the Government’s agenda at this important time. Ms Jamieson Non-executive Director, British Business Bank

Matthew Elderfield has worked as a senior banker and financial regulator in the UK, EU and Bermuda. Matthew was a member of the Management Board of Nordea between 2016 and 2022, most recently serving as Chief Risk Officer. Previously he was at Lloyds Banking Group in the role of Group Director, Conduct, Compliance and Operational Risk.

Matthew was Deputy Governor and Member of the Commission (Board) of the Central Bank of Ireland between 2010 and 2013. During this period, he served as Deputy Chairman of the European Banking Authority (EBA). He was also a member of the Managing Board of the European Insurance and Occupational Pensions Authority (EIOPA) and the Board of Supervisors of the European Securities Markets Authority (ESMA).

Matthew was also Chief Executive of the Bermuda Monetary Authority and worked at the UK Financial Services Authority in a number of roles involving banking supervision, markets policy and exchange and clearing house supervision. He is a graduate of Georgetown University’s School of Foreign Service and Cambridge University.

It is a privilege to join the board of the British Business Bank and support its mission of making financial markets work effectively for UK small businesses. I very much look forward to working with my fellow directors, our government shareholder, and our many stakeholders to help the leadership team continue to deliver the bank’s crucial role in the UK economy. Mr Elderfield Non-executive Director, British Business Bank
Eilish and Matthew have a wealth of experience and expertise in their respective fields and we are delighted to welcome them to the board of the British Business Bank. At this important time for the Bank and the country more widely, I look forward to drawing on their advice and counsel as we continue to build our support for the UK’s smaller business population. Lord Smith Chair, British Business Bank

Notes to editors

About the British Business Bank

The British Business Bank is the UK government’s economic development bank. Established in November 2014, its mission is to drive sustainable growth and prosperity across the UK and to enable the transition to a net zero economy, by improving access to finance for smaller businesses. Its remit is to design, deliver and efficiently manage UK-wide smaller business access to finance programmes for the UK government.

The British Business Bank’s core programmes support over £12.2 billion1  of finance to more than 96,000 smaller businesses2 .

As well as increasing the supply and diversity of finance for UK smaller businesses through its programmes, the Bank works to raise awareness of finance options available to smaller businesses. The British Business Bank Finance Hub provides independent and impartial information to businesses about finance options, featuring short films, expert guides, checklists and articles from finance providers to help make their application a success.

The British Business Bank is also responsible for administering the government’s three Coronavirus loan schemes and its Future Fund, together responsible for delivering £80.4 billion in finance to 1.67 million businesses. These schemes are now closed to new applications.

British Business Bank Plc is a public limited company registered in England and Wales, registration number 08616013, registered office at Steel City House, West Street, Sheffield, S1 2GQ. Wholly owned by HM government, the Bank and its subsidiaries are not banking institutions and do not operate as such. They are not authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA). A complete legal structure chart for the group can be found at the British Business Bank.

  • 1

    Figures as at end March 2022

  • 2

    Figures as at end March 2022