Former HSBC boss John Flint leads new UK Infrastructure Bank set up to fund government’s ‘levelling’ agenda
Sober course: former HSBC boss John Flint to lead the new UK Infrastructure Bank
Former HSBC boss John Flint has been appointed to lead the new UK Infrastructure Bank.
Flint, who held the top position at HSBC for just 18 months, will run the government-backed bank as it funnels billions of pounds into ‘levelling’ projects.
Launched last year by Chancellor Rishi Sunak, the Leeds-based bank opened in June and funds 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 after Brexit, which provided around £7bn of cheap debt for projects annually. Flint spent 30 years at HSBC before being ousted in 2019 over a disagreement over the bank’s strategy.