Kalisperas Appointed Chief Investment Officer at British Business Bank
People | Nov 08, 2024 | British Business Bank Investments Ltd
The British Business Bank, the UK's economic development bank, has made significant strides by appointing Leandros Kalisperas as its inaugural Chief Investment Officer, set to take the reins of the Bank's diverse investment activities, including its two commercial subsidiaries and the newly launched British Growth Partnership, by January 2025. Kalisperas brings extensive experience from his previous roles at West Yorkshire Pension Fund, abrdn, and Universities Superannuation Scheme. The appointment aligns with the recent governmental backing of the Bank’s £7.9 billion commercial programs, establishing them permanently with greater flexibility to cater to market needs. Concurrently, Ian Connatty will pioneer the British Growth Partnership under a newly formed entity, BBB Patient Capital Advisory Services, to steer regulatory investment advisory and fundraising initiatives. This marks a strategic step to enhance the Bank’s capability in directing UK pension funds and institutional investments into high-growth, innovative UK enterprises, addressing the government’s economic objectives.
Sectors
- Financial Services
- Economic Development
- Asset Management
Geography
- United Kingdom – The British Business Bank is a UK-based economic development bank, serving the UK market with its investment programs.
Industry
- Financial Services – The article discusses the appointment of key leaders to oversee investment activities for the British Business Bank, which operates in the banking and investment sector.
- Economic Development – As the British Business Bank is the UK’s economic development bank, its activities are aimed at stimulating economic growth, particularly through investment in innovative companies.
- Asset Management – The appointment of a Chief Investment Officer to manage the bank’s investment activities connects it to asset management.
Financials
- £7.9 billion – The total amount of British Business Bank's commercial programs that are being put on a permanent footing.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| British Business Bank | Main Entity | Company | The UK’s economic development bank responsible for promoting and supporting Britian's growing businesses through various investment programs. |
| Leandros Kalisperas | Chief Investment Officer | Person | Appointed as the first Chief Investment Officer of the British Business Bank, overseeing investment activities. |
| Ian Connatty | Managing Partner | Person | Appointed as Managing Partner of the newly established BBB Patient Capital Advisory Services. |
| West Yorkshire Pension Fund | Previous Employer of Leandros Kalisperas | Company | Former employer of Leandros Kalisperas where he served as Chief Investment Officer. |
| Chancellor of the Exchequer | Government Official | Government | Involved in the announcement of the British Business Bank’s programs being put on a permanent footing. |
| Secretary of State for Business and Trade | Government Official | Government | Involved in the announcement related to the British Business Bank's future investment strategy. |