Former HSBC boss John Flint to lead new UK Infrastructure Bank set up to fund Government’s ‘levelling-up’ agenda
Level heading: Former HSBC boss John Flint is to run the new UK Infrastructure Bank
Former HSBC boss John Flint has been appointed to run the new UK Infrastructure Bank.
Flint, who lasted just 18 months in the top job at HSBC, will lead the Government-backed bank as it funnels billions of pounds into ‘levelling up’ projects.
The Leeds-based bank, launched by Chancellor Rishi Sunak last year, opened in June and provides money for clean energy sites, better public transport, and improved water and waste systems.
It was designed to fill the gap left by the European Investment Bank post-Brexit, which provided around £7billion of cheap debt per year for projects. Flint spent 30 years at HSBC, before being ousted in 2019 in a disagreement over the bank’s strategy.