CEO, British Business Bank
The “Patient Capital Review” (focussing on long-term capital for business) was announced by the Prime Minister in November 2016. The review, which was led by HM Treasury, identified barriers to access to long-term finance for growing firms. Our speaker, Keith Morgan, CEO of The British Business Bank participated in the Review, which also included a panel of industry experts convened by Sir Damon Buffini. Both Keith Morgan and Sir Damon Buffini are alumni of HBS.
Following consultation by HM Treasury last summer 2017, alongside other measures at Autumn Budget, the Chancellor provided the British Business Bank with £2.5 billion of new resources, increasing the scale of the British Business Bank by two thirds.
These measures are expected to boost UK productivity through helping firms to access the capital and to unlock an additional £13 billion to support SMEs. Keith will talk about the Bank’s role in this strategy.
Prior to his role at the British Business Bank, 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 and culminating in the return of Northern Rock to the private sector and the creation of UK Asset Resolution (UKAR) to manage the run down and sale of the remaining mortgages. Keith remains on the board of UKAR as a Non-Executive Director.
Keith joined UKFI from Banco Santander where he was an Executive Director of Sovereign Bancorp in the US, focusing on the bank’s retail and SME strategy and the integration of Sovereign into Santander. He was previously Director of Strategy & Planning at Abbey National and a member of the Executive Committee, and also served as Chairman of Santander’s Asset Management and Credit Card businesses in the UK. Before joining Abbey in 2004, Keith spent 17 years at L.E.K. Consulting, where he was a partner specialising in financial services.
Keith holds an MA in Philosophy, Politics, and Economics from University College, Oxford and an MBA from Harvard Business School.
Drinks and Canapes will be served.
Tuesday, 20 March 18.30 , 19.00 Presentation, 20.15 Networking, 21.00 Finish
12 Hay Hill, Mayfair, London W1J 6DQ
£25 Club Members, £40 Non-members and Guests