By Jonathan Davies

The chief executive of Finance Wales, the Welsh government's investment bank, Sian Lloyds Jones, will step down in September.

Ms Lloyd Jones, who has been in the role since 2004, said: “Finance Wales has grown into a key Welsh financial institution and I’m proud of its achievements since I became chief executive in 2004.

"Investment levels have risen from £13m to £50m a year in that time as it has adapted to Welsh SMEs’ changing funding needs. I’ve enjoyed leading and developing Finance Wales which is now a far stronger organisation than when I joined."

The reason for Ms Lloyd Jones' departure is not yet know. And there is no sign of being pushed, with colleagues providing glowing references.

Minister for Economy, Science and Transport Edwina Hart said: “I would like to thank Sian for her contribution as chief executive of Finance Wales over the past decade.

"During this time investment in SMEs by Finance Wales has exceeded £350m, creating and safeguarding almost 40,000 jobs across Wales, and the number of funds managed by Finance Wales on behalf of the Welsh Government is at a record level. Her efforts have been appreciated and I wish her success in any new ventures.”

Chairman of Finance Wales Ian Johnson said: "Finance Wales has evolved significantly in the last 14 years and needs to continue delivering Welsh Government policy effectively.

"The board believes this will best be achieved under new leadership and confirms that Sian Lloyd Jones will step down from her role as chief executive.

“I’m grateful to Sian for her long-standing leadership of Finance Wales.

"Thanks to her dedication and passion for the business, our investments are at record levels and continuing to rise as more and more Welsh SMEs benefit from the wide range of funds we have available.

"She leaves Finance Wales in a strong position and with the board’s best wishes for the future."

Join us on
Follow @freshbusiness