UKIB appoints COO

The UK Infrastructure Bank (UKIB) has appointed ex-HSBC heavyweight as chief operating officer (COO).

James Emmett will take up the role, saying that it is a “chance to work on some of the most compelling challenges of our times.”

Emmett was previously COO of HSBC’s UK & Europe arm, having also served in other major leadership roles in the banking giant. He joins from Oliver Wyman, where he served as a senior advisor. 

The appointment of the c-suite comes at the bank “moves beyond its interim phase” and is currently recruiting more permanent members of the team.

Chief executive John Flint said that Emmett’s “experience and insight will play a pivotal role as we scale up the Bank."

Last month, the UKIB defended its performance after a scathing report from the Commons public accounts committee was published, with one of the criticisms centred on the low levels of permanent staff at the bank. Since the report, the bank has defended its record, saying that it has unlocked over £4.6bn in private capital.