Chair or Trustee - Nuclear Liabilities Fund
- Body
- Nuclear Liabilities Fund
- Appointing Department
- UK Government Investments
- Sectors
- Business, Finance & Skills, Energy
- Location
- London
- Skills required
- Business / Commercial
- Number of Vacancies
- 1
- Remuneration
- £28,500 to £31,200 per annum
- Time Requirements
- Expected 2.5 to 4 days per month
Campaign Timeline
-
Competition Launched
26/01/2017
-
Closed for Applications
22/02/2017 at 12:00
-
Panel Sift
Week commencing 27 February
-
Final Interview Date
Week commencing 27 March 2017
-
Announcement
June 2017
Announcement
An announcement has been made on the outcome of this appointment.
The Secretary of State for Business, Energy and Industrial Strategy has confirmed the appointment of two trustees to the Nuclear Trust, the independent trust that owns the Nuclear Liabilities Fund (NLF).
Richard Wohanka, an existing trustee and acting chair of the NLF board, has been appointed as chair on a permanent basis, with effect from 21 April 2017. Richard has more than twenty years of experience in asset management and was CEO of Fortis Investment Management from 2001 to 2009.
Sally Bridgeland has been appointed as a trustee and director of the NLF with effect from 21 April 2017. Sally is a qualified actuary with extensive experience in the financial services industry, including as CEO of the BP Pension Fund from 2007 to 2014. She is also a non-executive director of Royal London Mutual Insurance, Impax Asset Management and a Trustee of the National Employment Savings Trust.
Assessment Panel
- Panel Member
- Emily Ashwell
- Added
- 27/01/2017
- Panel Role
- Panel Chair
- Positions
- Executive Director Departmental Official
Show more information
| Political Activity | Has not taken part in any political activity in the past five years |
|---|---|
| Notes | - |
- Panel Member
- Tom Wintle
- Added
- 27/01/2017
- Positions
- Deputy Director Departmental Official
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| Political Activity | Has not taken part in any political activity in the past five years |
|---|---|
| Notes | - |
- Panel Member
- David Long
- Added
- 27/01/2017
- Positions
- Executive Director Departmental Official
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| Political Activity | Has not taken part in any political activity in the past five years |
|---|---|
| Notes | - |
- Panel Member
- Jerry Haller
- Added
- 27/01/2017
- Positions
- Programmes Director Other Panel Member
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| Political Activity | Has not taken part in any political activity in the past five years |
|---|---|
| Notes | - |
- Panel Member
- Rosie Varley
- Added
- 27/01/2017
- Positions
- Independent Member
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| Political Activity | Has not taken part in any political activity in the past five years |
|---|---|
| Notes | - |
Vacancy Description
The Secretary of State for Business, Energy and Industrial Strategy (BEIS) is seeking to appoint a Chair or Trustee to the Nuclear Liabilities Fund (NLF).
The Nuclear Liabilities Fund (NLF) is a Scottish registered company and Trust investing assets to meet the costs of decommissioning the UK’s eight operational nuclear power stations, which are owned by EDF. The NLF currently holds assets of circa £9 billion, of which £7.4 billion is held in the National Loans Fund, the Government lending account. A further £1.6 billion is actively managed by the NLF trustees, predominantly in UK asset classes, such as infrastructure and property.
UK Government Investments, which acts as shareholder in relation to the Government’s holding in NLF and oversees the governance and performance of the NLF, now wishes to identify a chair or an additional trustee for the Fund. The chair will lead an expert board and work closely with senior stakeholders and partners in industry and in Government, as well as act as spokesperson and advocate for the NLF. The chair is responsible for the delivery of the investment policy set by the Secretary of State for Business, Energy and Industrial Strategy, and for ensuring that the NLF board takes all necessary actions to fulfil its responsibilities, including monitoring and reviewing the implementation of the investment strategy and portfolio performance, monitoring and managing risks to, and opportunities for, the Fund and regularly reviewing the Fund’s sufficiency, including liquidity requirements. In the case of a trustee he/she will share the Boards’ collective responsibilities, supporting the chair and will likely be a member of the Board’s Investment Committee.
Person Specification
Candidates must be able to demonstrate experience commensurate with this role and the highest levels of integrity, authority and independence.
Specific criteria include:
Essential:
- Relevant experience and a clear record of leadership at senior management level in an investment/asset management/financial institution, or similar role, with demonstrable expertise in asset management and investment strategies and their risks.
- Board experience, preferably including in a non-executive capacity.
- Excellent inter-personal skills and experience of managing complex stakeholder relationships within a senior leadership context.
- Strong intellectual capability, with the capacity to understand technical financial issues and to think strategically.
- A commitment to the values of public service.
Desirable:
- For the Chair, previous experience as a non-executive chair of a public or private sector Board is highly desirable.
- Experience of working at senior levels within or alongside the public sector.
- Experience of asset management across all main asset classes, including UK and international equities, debt and private market investments, such as infrastructure, property and/or private equity.
- Experience of ensuring financial dealings are prudently and systematically accounted for, audited, and publicly available.
How to Apply
Further details on the process to be found in the applicant information pack (attached)