Judith Hartley has been appointed CEO of British Business Investments, which is one of the British Business Bank’s commercial subsidiaries.
Judith Hartley, who was appointed acting CEO of British Patient Capital and British Business Investments in September 2020, will “take up the permanent role of CEO, British Business Investments when her secondment ends in the autumn.”
Catherine Lewis La Torre has been “appointed CEO of British Patient Capital, and has also been appointed Chair of British Business Investments, taking over from Francis Small who recently concluded his term in office.” In addition, Catherine has “taken on the role of Senior Responsible Officer for the Bank’s other equity schemes.”
Welcoming the appointments, Lord Smith of Kelvin, Chair, British Business Bank said:
“I would like to congratulate Catherine and Judith on their new roles. The Board is confident that these appointments will continue to strengthen the leadership of the Bank and help us deliver on our mission to drive sustainable growth and prosperity across the UK, and to enable the transition to a net zero economy, by improving access to finance for smaller businesses.”
Judith Hartley said:
“I am delighted to be confirmed as the permanent CEO of British Business Investments. The company has a highly experienced and dedicated team and I’m looking forward to working with the Board and the investment team, to further develop the company and its impact on the UK’s small business finance markets. British Business Investments’ mission will remain focussed upon increasing the supply and diversity of funding for small businesses across the whole of the UK.”
British Business Investments is “the trading name of British Business Investments Ltd, a wholly-owned commercial subsidiary of British Business Bank plc, the UK government’s economic development bank.”
It forms “part of the British Business Bank’s commercial arm.”
British Business Investments aims “to earn a commercial return by investing – through finance providers – in smaller businesses and small mid-caps, pursuing investments on a fully commercial basis without receiving any economic advantage from the government.”
British Business Bank plc and its subsidiary entities “are not banking institutions and do not operate as such.”
They are “not authorized or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA).”
A complete legal structure chart for British Business Bank plc and its subsidiaries “can be found on the British Business Bank plc website.”
The commitment from British Business Investments to the TDC Impact Fund does “not amount to any endorsement or warranty from British Business Investments, the British Business Bank plc, or the government of the UK.”