Announcements (Archive)

Non-Executive Directors, UK Government Investments

Body
UK Government Investments
Appointing Department
HM Treasury
Sector
Business, Finance & Skills
Location
London
Skills required
Business / Commercial
Number of Vacancies
2
Remuneration
Salary of £25,000 per annum, with additional fees for committee membership(s).
Time Requirements
The estimated total commitment is no less than 3 days per month, but at the request of the Chairman to commit additional time as is required from time to time.

Campaign Timeline

  1. Competition Launched

    18/10/2021

  2. Closed for Applications

    06/12/2021

  3. Panel Sift

    11/02/2022

  4. Final Interview Date

    07/04/2022

  5. Announcement

    04/10/2022

Announcement

An announcement has been made on the outcome of this appointment.

UK Government Investments Ltd (UKGI), the government’s centre of excellence in corporate governance and corporate finance, announces the appointments of Andrew Ballheimer, Kalpana Desai and Mahnaz Safa to the UKGI Board, for three-year terms until 21 September 2025.

Date: 04/10/2022

View Announcement

Assessment Panel

Panel Member
Vindi Banga
Added
18/10/2021
Panel Role
Panel Chair
Positions
Chair, UK Government Investments Representative of Organisation
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Political Activity-
Notes-
Panel Member
Tim Jarvis
Added
18/10/2021
Positions
Director, Companies and Economic Security, HM Treasury Departmental Official
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Political Activity-
Notes-
Panel Member
Cressida Hogg CBE
Added
18/10/2021
Positions
Independent Member
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Political Activity-
Notes-

Vacancy Description

UK Government Investments (UKGI) is the government’s centre of excellence in corporate governance and corporate finance. The organisation works across government on some of its most interesting and complex commercial and financial tasks. It is responsible for promoting good governance of publicly owned businesses, supporting the government’s private sector interventions and delivering orderly transactions that generate value for money.

The role

UKGI are looking for two Non-Executive Directors to join the Board. The Board provides strategic direction and ensures UKGI is equipped to perform its functions, including having sufficient resourcing and a suitable organisational structure. The Board also enables effective arrangements to be put in place to provide assurance on risk management, governance and internal control.

Non-Executive Directors play a key role in helping the organisation to achieve its objectives by providing independent oversight and constructive scrutiny and challenge to the executive management team.

The successful applicants will be required to make informed decisions and effectively monitor the leadership team’s performance in delivering UKGI’s strategy.

The successful applicants will be expected to perform the duties diligently and to a standard commensurate with the requirements of the role.

We are looking to appoint two Non-Executive Directors, each with different skills and experience.

Candidate Profile 1 requires deep corporate finance skills and significant experience of large M&A transactions or equity and debt capital markets, whilst Candidate Profile 2 requires a background in corporate finance and experience of acting in a non-executive capacity on the boards of significant entities in the public, private or third sectors. Both profiles require board experience and a proven commitment to promoting diversity and inclusion.

Person Specification

CANDIDATE PROFILE 1

Essential Experience

  • Deep corporate finance skills gained in major financial institutions.
  • Significant experience of large M&A transactions or equity capital markets and debt capital markets.
  • Experience of working on boards in the public or private sector or, exceptionally, deep experience working with boards.
  • Proven commitment to promoting diversity and inclusion.

Desirable Experience

  • Direct experience of central government or experience of dealing with central government.
  • A track record of leadership in a large or complex organisation.

Essential attributes

  • Ability to engage effectively with and influence diverse and high-profile stakeholders.
  • Demanding and capable of holding highly experienced executive to account, with effectiveness underpinned by an empathetic approach.
  • Ability to understand and promote UKGI culture and values.
  • A listener, team player, low ego, capable of influencing rather than directing.
  • Undoubted integrity, with an understanding of, and personal commitment to, the Seven Principles of Public Life.
  • Politically astute, willingness to represent UKGI in forums such as Treasury Select Committee.

CANDIDATE PROFILE 2

Essential Experience

  • Background in corporate finance, which may have been gained in the financial services sector, consultancy, or in-house finance roles.
  • Experience of working in a non-executive capacity on the boards of significant entities in the public, private or third sectors or, exceptionally, deep experience working with boards.
  • Proven commitment to promoting diversity and inclusion.

Desirable Experience – the successful candidate will be able to demonstrate experience of one or more of the following:

  • Experience of leadership within central government or experience of dealing with central government at the most senior levels.
  • A track record of leadership in a large or complex organisation.
  • Substantial commercial experience at senior executive level in a major company.
  • Corporate governance experience gained in major listed entities.
  • Leadership in the private equity sector.
  • Senior role such as partner in the restructuring and insolvency advisory sector.

Essential attributes

  • Ability to engage effectively with and influence diverse and high-profile stakeholders.
  • Demanding and capable of holding highly experienced executive to account but with effectiveness underpinned by an empathetic approach.
  • Ability to understand and promote UKGI culture and values.
  • A listener, team player, low ego, capable of influencing rather than directing.
  • Undoubted integrity, with an understanding of, and personal commitment to, the Seven Principles of Public Life.
  • Politically astute.

Additional Information

The successful candidates will need to demonstrate excellent senior stakeholder management skills; strong judgement and influencing skills; high numeracy in financial scenarios; the ability to offer solutions to complex problems; enthusiasm; commitment and an ability to think strategically and imaginatively.

How to Apply

The closing date for applications is 6 December at 23:00 UK time. Successful candidates may be invited to attend preliminary interviews with Sapphire Partners during the search process. Any candidates that are required to attend will be notified as soon as possible.

How to Apply

In order to apply and your application be deemed complete, please submit all of the following:

  • a comprehensive CV
  • a covering letter (no more than two pages) which sets out which role you are applying for, your interest in the role and encapsulates the aspects of your experience relevant to the required criteria for the role you are applying for. Please also include details of two referees.
  • completion of the Disability Confident Scheme, Political Activity and Conflict of Interest questionnaire
  • completion of the equal opportunities monitoring form

The preferred method of application is via email at: UKGINEDS@sapphirepartners.co.uk

We are committed to ensuring everyone can access our website and application processes. This includes people with sight loss, hearing, mobility and cognitive impairments. Should you require access to these documents in alternative formats or you are unable to apply online please contact:

jodie@sapphirepartners.co.uk

All applications will receive a response.