Exclusive: Managing director departs UK Green Bank

Gregor Paterson-Jones has moved on to sit on the investment committee of the European Fund for Strategic Investment and assume a number of advisory positions.

Gregor Paterson-Jones, a former managing director at the UK’s Green Investment Bank (GIB), has left the organisation to pursue a number of advisory roles in London and Europe.

Paterson-Jones was the lender’s investment banking transaction and origination team leader, with a focus on energy efficiency funds, public sector investments, renewable generation, meter assets, large-scale industrial clients and transport infrastructure. In an email exchange with Infrastructure Investor, he said he had moved from the bank to “pursue other opportunities”.

He elaborated by saying that he was now a member of the executive committee of the European Fund for Strategic Investment (EFSI), a joint initiative by the European Commission (EC) and the European Investment Bank (EIB) that is part of the Investment Plan for Europe, colloquially known as the ‘Juncker Plan’ after European Commission President Jean-Claude Juncker.

EFSI, which was formally implemented in July last year, manages €16 billion in guarantees and a €5 billion contribution from the EIB. It seeks to leverage €315 billion in private and public investment in the years to 2018.

Paterson-Jones also sits on the board of the Middle East Association, a body aiming to facilitate the entry of UK businesses into Middle Eastern and North African markets, as well as Aequissim, a Brussels-based renewables advisory.

GIB declined to comment.

The news comes as the process to privatise GIB gained greater momentum last week after the creation of a “golden share”, to be owned by the UK government, an announcement that provided greater clarity over the nature of the state’s future involvement in the bank following a potential sale.

Infrastructure Investor reported then that firms including Australian fund manager Macquarie Group and London-based M&G Investments were assessing a potential bid for GIB.