By Marcus Leach

The appointments to the Advisory Group for the Green Investment Bank (GIB) were announced on Wednesday by Business Secretary Vince Cable.

The group, chaired by Sir Adrian Montague, will advise Ministers on the establishment of the Green Investment Bank and its strategic direction.

The bank will become a key component of the Government’s green policies and will accelerate the UK’s transition to a green economy.

The nine members have a wide range of experience and capability in finance, from building and running institutions to project finance and making transactions.

The group also includes first rate expertise in green economics, sustainable and responsible financial services and development banking.

“I am very pleased that we have secured such an excellent mix of people," Business Secretary Vince Cable said.

"The group has wide-ranging credentials relating to energy and other environmentally important industries, hands-on financing experience and a deep understanding of infrastructure projects. We also have people with a background of starting up new credit institutions and managing a development bank.”

Advisory Group Chairman Sir Adrian Montague said the board members will complement each other as they look to develop the Investment Bank.

“I have worked closely with Vince Cable to select the nine members to join me on the Green Investment Bank Advisory Board," he said.

"They all bring a wealth of experience with them and I can’t wait to start work with the group during this critical and exciting time in the development of the Green Investment Bank.”

The first meeting of the Advisory Group will be on Tuesday 6 September.

Join us on
Follow @freshbusiness