Business Secretary Vince Cable has today announced the appointment of Tony Poulter as Senior Independent Director at the UK Green Investment Bank Plc (GIB).

Mr Poulter succeeds Sir Adrian Montague who has now stepped down as a director of GIB. He is a partner at PricewaterhouseCoopers, where he continues in his position as Global Head of Consulting.Business Secretary Vince Cable said:

I am very pleased to appoint Tony Poulter as Senior Independent Director of GIB. His knowledge of infrastructure investment makes him ideal for the role. GIB was established by government to accelerate the UK's transition to a greener economy and Tony will have an important role to play.

GIB Chairman, Lord Smith of Kelvin said:

I am delighted to welcome our new Senior Independent Director to the board. Tony brings a strong track record of leadership in infrastructure investment and I look forward to working closely with him to build on the positive start GIB has made in its first financial year.

Tony Poulter has been the Global Head of Consulting at PricewaterhouseCoopers since 2007. He joined the firm (which was then Price Waterhouse) in 1988, becoming a partner in 1990. He has held positions including Head of Project Finance (1994 to 1998), Global Head of Project Finance and Privatisation (1998 to 2003) and Head of Advisory in Asia (2003 to 2006). Prior to joining the private sector he was a civil servant from 1979 to 1988.

The UK Green Investment Bank was launched in November 2012. It has now been allocated £3.8 billion of government funding for the period to March 2016. It is a "for profit" bank, whose mission is to accelerate the UK's transition to a greener economy, and to create an enduring institution, operating independently of government.