3i appoints new finance director
Private equity firm 3i has appointed civil servant Simon Ball as its new finance director.
Currently serving as director general of finance at the Department for Constitutional Affairs, Ball has had a long career in the financial services sector, having held a variety of finance roles in investment banks.
New chief executive of the 3i group, Philip Yea, said of his appointment: ‘We are delighted that Simon has agreed to become the group’s finance director. He has a wide range of experience, combining a strong career in the financial services sector, experience of start-ups and a track record of change management.’
Outgoing finance director Michael Queen will remain with the company, and become head of its growth capital division when Ball takes up his position on 7 February 2005.