James Stewart joins PUK in the £200,000 a year post from being head of project finance, Europe, at Newport Capital. Before that he was a Hambros Bankand SG.
Andrew Smith, chief secretary to the Treasury, said: ‘As chief executive desginate James has an opportunity to make a vital contribution to building Partnerships UK into a successful business and a world leader in PPPs.’
PUK comes into being as part of the Government Resource and Accounts Bill currently making its way through parliament.
The Treasury, which has up until now sponsored PPPs through a special taskforce, has long been criticised for not understanding private sector needs sufficiently.
PUK is expected to deliver a better, faster service and a stronger flow of good value for PPP deals.
Stewart’s first job will be to familiarise himself with the work of the taskforce and set about appointing other members of PUK’s management team.
Michael Gerrard, the present head of the Treasury’s Project Team has also received a new appointment and becomes executive director designate and head of PPPs at PUK.
Stewart said: ‘There is a lot to do to complete preparations for the launch ofPartnerships UK and the raising of private sector capital.’
PUK will itself be a PPP and will act as a co-sponsor of PFI and PPP projects with public sector authorities.
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Company bosses are considering relocating operations or headquarters away from the UK following the country's decision to leave the European Union