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Treasury appoints new IUK chief

27 Jul 11 The Treasury has appointed banker Geoffrey Spence as its new chief executive of Infrastructure UK.

Between stints at Deutsche Bank and HSBC, Mr Spence was head of PFI policy at the Treasury in the early 2000s under the Labour government.

Andy Rose, acting chief executive of Infrastructure UK since February, has left the Treasury for a new role in the private sector, after more than six years working on public sector infrastructure issues, first at Partnerships UK and then in the Treasury.

The Infrastructure UK Advisory Council will continue with its existing remit to act to support and guide the Treasury’s infrastructure work, under the chairmanship of Paul Skinner.

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Mr Skinner said: “I welcome the increased focus that the Treasury is bringing to the infrastructure agenda, and am delighted to be welcoming someone of Geoffrey Spence’s experience and calibre as chief executive of Infrastructure UK.

“The UK faces an enormous challenge to build the infrastructure we need to underpin future UK growth and competitiveness. With the rest of the advisory council, I would like to thank Andy Rose for the way he has led Infrastructure UK over the last six months. I am looking forward to working with Geoffrey and Peter Schofield, director of enterprise and growth, in delivering our important infrastructure agenda, and to provide those projects that are most important for economic growth with the focus they need.”

Mr Spence was managing director, head of project finance, EMEA at Deutsche Bank 1995-2002, head of PFI policy and private finance unit at the Treasury 2002-04, managing director and global head of infrastructure at HSBC Bank plc 2004-07, and a member of the Treasury’s council of economic advisers 2008-10.

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