Economy
Ex-Morgan Stanley MD takes up Green Investment Bank post
Robert Mansley has been appointed managing director of the Green Investment Bank (GIB) – a £3 billion scheme that aims to finance projects in the green economy.
Mansley, who was previously head of European renewable energy investment at Morgan Stanley before being named as one of 232 new managing directors in January 2011, will work on capital markets at the GIB.
He said, “I have been truly impressed by the development of the Green Investment Bank establishing such a high quality team and starting to successfully execute on its meaningful mandate to support the UK’s renewable energy sector.”
Mansley’s new role at the GIB follows the appointment of former Standard Chartered executive Peter Knott at chief risk officer and Shaun Kingsbury, ex-Hudson Clean Energy Partners, as CEO.
Business secretary Vince Cable officially declared the bank open for business in November last year, adding that an £8m energy-from-waste project and a £5m energy saving scheme will be among the first projects to be financed by the GIB, which will be based in Edinburgh.
However, George Osborne’s autumn statement in early December pulled the bank’s borrowing power into question, after confirming that austerity measures would be continuing for at least another four years.
Further reading:
Green Investment Bank hires Standard Chartered executive as chief risk officer
CEO appointed as Green Investment Bank nears green light
Autumn statement pulls Green Investment Bank’s borrowing power into question