Louis Taylor will step down as the chief executive of the government-owned investment body the British Business Bank after four years at the helm. Taylor became the chief executive of the group in 2022. Under his leadership the bank has grown significantly, having recently been mandated with a major role
Oscar Hornstein
Louis Taylor will step down as the chief executive of the government-owned investment body the British Business Bank after four years at the helm.
Taylor became the chief executive of the group in 2022. Under his leadership the bank has grown significantly, having recently been mandated with a major role in the government’s economic growth plan backed by £25.6bn in increased financial capacity.
His tenure in charge of the bank also saw the launch of its landmark five-year strategy.
Taylor will officially stand down at the end of September, though he will remain chair of the group’s Investment Services Limited, a regulated third-party arm that offers investment services to clients, until the end of December.
British Business Bank chief financial officer David Hourican will assume Taylor’s responsibilities as the interim CEO from October as the group looks towards a permanent appointment.
“It has been a huge privilege to lead the British Business Bank over the last four years by setting a clear and ambitious vision,” said Taylor.
“The Bank now has a comprehensive strategy to deliver that vision, increased flexible financial resources, a simplified operating model, a highly capable team and a customer focused culture. It is a far more agile and effective organisation.
Commenting on Taylor’s departure, Business Secretary Peter Kyle said: “Louis Taylor has been an outstanding CEO of both the British Business Bank and UK Export Finance. His leadership has paved the way for countless businesses to hire more, boost wages and grow right across the UK.
“I would like to thank him for his bold vision during his 11 years of public service, and his continued commitment to backing UK economic growth.”
