“In the 2017/2018 financial year we have again produced tangible results, and I look forward to building on this success further as we address the challenges and opportunities of the year ahead.”
Keith Morgan led the set-up of the British Business Bank from January 2013 and was appointed CEO in December 2013.
Prior to this, Keith was an Executive Director of UK Financial Investments (UKFI), joining in 2009 to manage the UK Government’s shareholdings in Bradford & Bingley and Northern Rock.
Keith joined UKFI from Banco Santander where he was an Executive Director of its US business and before that an Executive Committee member of Abbey National. Prior to joining Abbey in 2004, Keith spent 17 years at L.E.K. Consulting, where he was a partner specialising in financial services.
Keith is a Non-Executive Director of UK Asset Resolution and a Trustee of the Design Council. He holds an MA in Philosophy, Politics and Economics from University College, Oxford and an MBA from Harvard Business School.
Catherine joined the British Business Bank Group in 2016 when she was appointed CEO of British Business Investments, the Bank’s commercial arm engaged primarily in direct lending strategies.
In October 2018 Catherine took on the additional role as CEO of British Patient Capital, a recently established commercial subsidiary with a mandate to make long term equity investments in high growth businesses in the UK.
She was previously Head of Private Equity at Cardano Risk Management where she was responsible for managing a global portfolio of private capital investments with in excess of £1 billion of committed capital. Prior to this she was Managing Director with secondaries specialist, Fondinvest Capital, in Paris. Catherine was one of the Founding Partners of Nordic fund-of-funds manager, Proventure and subsequently launched her own consulting business advising institutional investors in the US and Asia on their European private capital strategies.
Catherine began her career as an Analyst with Venture Economics, now part of Thomson Reuters, before joining Cinven, a European Private Equity group, as an Investment Manager.
Sara joined as a Non-executive Director in June 2016. Sara co-founded the Credit Fund Management group at Intermediate Capital Group Plc (“ICG”) in 1999 and led that business until 2008.
At ICG she was a member of the Global Investment Committee and Management Committees. With a 30 year career in financial services, she has an in-depth knowledge of complex financial products, markets and financing options with specialist expertise in financing European leveraged buyouts. She currently acts as an advisor and angel investor to companies spanning entrepreneurial start-ups to multinational companies across a wide range of industry sectors.
Francis became a Non-executive Director in June 2016 after spending 36 years at Ernst & Young in a wide variety of roles.
After initially working with small and medium sized businesses, he became an audit partner in Financial Services for seven years. He then joined the firm’s Corporate Finance practice where he specialised in cross-border acquisitions, disposals, IPOs and restructuring. He ran the UK Corporate Finance practice before becoming Global Head of Corporate Finance and a member of the Ernst & Young’s Global Board.
Francis lived and worked in the Middle East for two years, advising some of the world’s largest sovereign wealth funds. After returning to London in 2010, he co-ordinated services to some of Ernst & Young’s largest international clients.