Green Investment Bank names new risk chief

A former head of commercial power at oil major Shell has been named as chief risk officer at the Edinburgh-based Green Investment Bank.

The government-backed lender, which is to be part-privatised under plans announced by Chancellor George Osborne in June, said Jacqueline Redmond takes up a role vacated in January when previous risk boss Peter Knott was promoted to chief financial officer.

Chief executive Shaun Kingsbury said: “Jacqueline’s experience and knowledge of the energy industry and utilities sector is sure to prove invaluable as we continue to manage the growth of GIB. As well as welcoming her to the team, I’m delighted to welcome Jacqueline home to Scotland following her stint in the Netherlands.”