Two new members have been appointed to the government’s Financial Services Trade and Investment Board.
Launched at the Budget in 2013, the board is tasked with strengthening the UK’s position as the centre of global finance and enabling its financial services sector to deliver jobs and growth across the country.
Miles Celic, chief executive of lobby group TheCityUK, and international trade minister Mark Garnier have been appointed to the board.
HM Treasury has said that once the lead official for financial and professional services at Department for International Trade is appointed, they will also join it.
Chancellor of the Exchequer Philip Hammond said: “Backing Britain’s world leading financial services industry is a key part of our plan to ensure the UK remains a great place to do business.
“So today I am making two new appointments to the important Financial Services Trade and Investment Board, to ensure we continue building on our success to date in positioning Britain at the centre of global finance.”
Gerry Grimstone, the chairman of Standard Life, Xavier Rolet, the chief executive of the London Stock Exchange, and Inga Beale, the chief executive of Lloyd’s of London, are among the other members of the board.
Mr Celic said: “The UK is the leading global financial centre and sustaining its position requires close co-operation between ministers, policy makers and the industry.
“Ours is an industry that is structurally important to the wider UK economy, supporting nearly 2.2m jobs across the country, paying more in tax than any other sector and contributing 12 per cent of GDP.
“When UK-based financial and related professional services is doing well, the economy does well.”
Over the next two years, the board will be focussed on seven high-growth areas: capital markets, fintech, insurance, investment management, UK-China financial services, UK-India financial services and UK-US financial services.
Work in each area will be led by one of the private sector board members.
