Vindi Banga reappointed as Chair of UK Government Investments
Vindi Banga has been reappointed as Chair of UK Government Investments (UKGI) for a second three-year term, commencing in September 2024.
UKGI is an arm’s length body of His Majesty’s Treasury (HMT), and is the government’s centre of expertise in corporate governance and corporate finance.
Vindi Banga was appointed Chair of UKGI in September 2021. Alongside this he is also Chair of Marie Curie, Chair of Council at Imperial College, a NED of The Economist Group and Partner of CD&R. He has 33 years of executive experience at Unilever, where his last role was President of the Global Foods, Home and Personal Care businesses, and served on the Unilever Executive Board.
This reappointment was made by Tulip Siddiq, the Economic Secretary to the Treasury and City Minister.
Tulip Siddiq, The Economic Secretary to the Treasury, said:
I am pleased to announce Vindi Banga’s reappointment as Chair of UK Government Investments. UKGI provides invaluable advice and support to the government on complex corporate governance and corporate finance matters. Throughout his first term Vindi’s leadership has been central in guiding the organisation, and I am confident that his reappointment will enable UKGI to continue its important work to support the government’s growth mission.
Charles Donald, CEO of UKGI, said:
Vindi’s leadership during his first term has been instrumental to UKGI’s continuing progress. His continued leadership is critical as we work to support the priorities of the new government. With his guidance, I am confident that UKGI remains well-equipped to advise the government on corporate finance and governance matters, positioning us to consistently deliver value in all the work that we do.
This reappointment is regulated by the Commissioner for Public appointments (OCPA) and is made in accordance with the Governance Code on Public Appointments published by the Cabinet Office. This reappointment is made on merit and political activity played no part in the decision process. In accordance with the code, there is a requirement for appointees’ political activity (if any declared) to be made public. Vindi Banga did not declare any political activity.
Further information
UKGI is the government’s centre of expertise in corporate governance and corporate finance. It provides expert advice and leading solutions that inform and translate government’s decisions into effective outcomes in the national interest.
UKGI acts as shareholder representative for, and leads the establishment of, UK government most complex and commercial arm’s length bodies on behalf of sponsor departments; it advises on major UK government corporate finance matters, including financial interventions into corporate structures and corporate finance negotiations; it analyses and advises on the UK government’s contingent liabilities; and it advises on major UK government corporate finance matters, including financial interventions into corporate structures and corporate finance negotiations.
UKGI is owned by HM Treasury and independently managed with a Board comprised predominantly of independent non-executive directors. UKGI works closely with both the private and public sectors, advising and interacting with ministers, Parliament and Whitehall departments.