HM Treasury has today (14 December) confirmed that Chris Grigg
CBE has been reappointed as chair of the UK Infrastructure Bank
(UKIB) for a further
3 years from 3 May 2024 and Muriel Dube has been appointed to the
Board at UKIB as
non-executive director for 4 years from 14 December 2023. Ms Dube
will also take over as chair of the Remuneration Committee in due
course following a handover period. The current interim chair,
Tania Songini, will continue in the role on an interim basis
until Ms Dube takes on the role.
The bank is a vital part of the government’s commitment to
supporting private investment in UK infrastructure. High quality
infrastructure is crucial for economic growth, achieving net zero
and levelling up regions across the UK. Private investment in
infrastructure is critical to these goals, and the bank’s remit
of crowding-in private finance is an important tool to help
secure that investment.
Chris Grigg CBE was the chief executive officer of British Land,
a real estate development and investment company, for 11 years
until November 2020. Previously, Mr Grigg was chief executive of
Barclays Commercial Bank and a partner at Goldman Sachs. He has
served on the Board of BAE Systems since 2013 – where he is
currently the senior independent director – and is on the
corporate board of Cancer Research UK.
As chair since 2021, Mr Grigg has overseen the scale-up of the
bank through a critical stage in its lifetime. Mr Grigg’s
experience and stewardship as chair continues to be vital in
supporting it to become a mature and established organisation.
Muriel Dube is a former investment banker at Investec Plc and has
over two decades executive and non-executive director experience.
Before this, she served as a director in the Department of
Environmental Affairs and Tourism (South Africa), as chief
negotiator for the South African Government in major
international climate negotiations and as the Africa
representative on the United Nations Expert Group on Technology
Transfer. Alongside serving on the board at UKIB, Ms Dube also currently
serves as a director on the boards at Control Risks, Sasol Group
Ltd, PG Group and Bravo Group.
, Exchequer Secretary to
the Treasury said:
“I congratulate Chris Grigg CBE and Muriel Dube on their
appointments to the board of the UK Infrastructure Bank. The
government-owned bank plays a critical role in the government’s
commitment to support private investment in the country’s
infrastructure and deliver our ambitions for net zero and
economic growth across all parts of the UK. An effective board is
critical to the success of the bank and I am confident that Chris
and Muriel will support the continued success of the bank.”
Chris Grigg CBE said:
“I am delighted to be reappointed chair of the UK Infrastructure
Bank. The bank has made remarkable progress since it was set up,
in its mission to boost regional and local economic growth and to
help tackle climate change. We have become an organisation which
can both commit capital and help provide solutions to the big
challenges ahead. Of course, much remains to be done. I look
forward to helping deliver on the bank’s mission at a critical
time for the UK.
“I am likewise very pleased to see the appointment of Muriel Dube
to the UKIB board.
Muriel brings a wealth of global experience and a new
perspective. Her support for the bank will be invaluable as it
seeks to deliver against its mission.”
Muriel Dube said:
“It is a huge privilege to accept this role with the UK
Infrastructure Bank. The bank’s mission to deliver economic
growth across the UK and tackle climate change is vital and
compelling, and I am excited to take this opportunity to support
the bank to deliver.”
About the Appointment Process:
Chris Grigg CBE has been reappointed for a further 3-year term
following the provisions of his original appointment, having met
required performance standards and with the agreement of
ministers. The chair role is a non-executive part-time position.
Mr Grigg has confirmed that he has not undertaken any political
activity within the previous five years including donating to, or
canvassing on behalf of, any political party.
Muriel Dube was appointed following a fair and open competition
after the role was advertised on the Cabinet Office Public
Appointments website between 25 April and 18 May. An advisory
assessment panel chaired by Chris Grigg (Chair, UKIB) and also consisting of Tim
Jarvis (Director of Companies and Economic Security, HM Treasury)
and Robin Lawther (multiple non-executive director positions,
independent panel member) interviewed a number of candidates and
made recommendations to the Economic Secretary to the Treasury,
which informed the selection decision.
Ms Dube has confirmed that she has not undertaken any political
activity within the previous five years including donating to, or
canvassing on behalf of, any political party.
