LONDON (Reuters) - The British government has appointed Shaun Kingsbury, previously an investment partner at a private equity firm, as chief executive of the country's new Green Investment Bank which will spur private investment in low-carbon projects.
The appointment, announced by the Department for Business, Innovation and Skills on Thursday, paves the way for the bank to be fully operational later this year after it gets approval from the European Commission, which ensures state aid offered by member countries meets competition rules.
Kingsbury, previously at Hudson Clean Energy Partners, will take up his new post, along with six new non-executive directors, in late October.
