Stanchart chief to head UK Export Finance
Louis Taylor has been appointed as the new chief executive of UK Export Finance (UKEF), taking up the role in October. Mr Taylor is currently chief operating officer, group treasury, at Standard Chartered Bank – he has extensive experience in banking and business overseas, including across Asia.
In 2014-15 UKEF provided £2.7 billion of finance and insurance support for UK exports to 72 countries including a number of firsts: its first direct lending to an overseas buyer; the first ECA guarantee for a loan in Chinese offshore Renminbi; and the world’s first ECA-backed Islamic finance bond.
Commenting on his appointment, Mr Taylor said: “I am delighted to join UKEF at such an exciting time, with its new products, a recently widened mandate, and an ambitious business plan. I look forward to helping the organisation and its staff make the most of these powerful new opportunities to support UK exports.”