Finance Wales appoints Bullock as non-executive chairman

Gareth Bullock starts his role as non-executive chairmen of Finance Wales next month, taking over from Ian Johnson.

Finance Wales, the Welsh government wholly-owned investment bank, has appointed Gareth Bullock as its non-executive chairman.

Bullock is the former group executive director of Standard Chartered, a global bank based in the UK. He will begin his new role at Finance Wales next month.

Speaking about the appointment, Bullock said: “I think that whole model of the public sector engaging with the private sector, in the space where the private cannot always – for very good reasons – operate, is one that is really interesting and I think I have some skills that can contribute to the success of that.

“The development banks around the world I have come across are of all sizes with different remits. The important thing is to make the one for Wales, one that is fit for the Welsh purpose.”

In March this year Welsh Business Minister Edwina Hart proposed that a publicly-owned Development Bank of Wales should be established. Finance Wales is in a good position to take on this role.

Gareth Bullock is replacing Ian Johnson as non-executive chairman of Finance Wales.

See more from this Government Report: Wales

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