British Business Bank Appoints New CEO
Louis Taylor has been appointed CEO of the British Business Bank, the UK’s economic development bank, and will take up the role from 1 October. Louis Taylor is currently CEO of UK Export Finance, the UK government’s export credit agency.
Louis Taylor joined UK Export Finance in 2015, enjoying a stellar career which saw the department provide its highest level of support for UK exporters in 30 years and end its financial support for overseas fossil fuel projects – all while operating at no net cost to the UK taxpayer.
Before joining UK Export Finance, Louis Taylor had a career in banking and corporate finance, most recently with Standard Chartered Bank where he held positions as Chief Operating Officer for Group Treasury and also as CEO, Vietnam, Laos & Cambodia. His early career included eight years in investment banking for JP Morgan and seven years running strategy and acquisitions for Cookson Group plc and Invensys.
In September 2020, Catherine Lewis La Torre was appointed Interim CEO of the Bank to allow government to map out the next phase of the Bank’s development before commencing the search for a permanent successor to the CEO. Catherine Lewis La Torre will continue in post as Interim CEO through to Autumn to ensure an orderly transition.
Welcoming Louis Taylor’s appointment, Lord Smith of Kelvin, Chair, British Business Bank said:
“Louis is a highly respected, strategic leader, with more than 30 years’ banking and corporate finance experience and a strong track record of success. He has successfully led UK Export Finance for more than six years and has made a considerable contribution to the agency since he joined in 2015. I am delighted that he has agreed to take on the role of CEO and look forward to working with him as we support the UK’s economic recovery through the Bank’s debt and equity programmes, launch the Next Generation of Regional Funds, and also continue to address fraud and financial crime in relation to the Covid-19 loan schemes.”
Louis Taylor said:
“I am delighted to have the opportunity to lead the British Business Bank, with its well-established support for smaller businesses to start, grow and develop, as well as its important role as the UK’s economic development bank. Continuing to deliver on the government’s agenda for levelling up and driving towards net zero is an exciting prospect that I look forward to addressing with the Bank’s talented team.”
Lord Smith paid tribute to Catherine Lewis La Torre:
“I want to thank Catherine for the commitment and dedication she has given to the role of Interim CEO. She has led the British Business Bank through a period of unprecedented growth and public scrutiny over the past two years. I am working closely with Catherine to define her future role and am delighted that she intends to stay with the Bank.”