The UK Green Investment Bank (GIB) has appointed a new managing director for waste and bioenergy.
Chris Holmes (left) will take over from Adrian Judge who was one of the earliest members of the GIB team.
Holmes joins the GIB from Dutch bank NIBC where he led the capital markets division of the infrastructure and renewables business and managed their UK origination and advisory practice.
He spent a decade with NIBC leading on a number of Public Private Partnership (PPP) and Private Finance Initiative (PFI) transactions. Prior to NIBC, he was with Grant Thornton in project finance.
Holmes joins a team focused on supporting the last remaining local authority PPP projects, supporting the growth of the commercial and industrial waste sector and working to help finance the emerging UK anaerobic digestion sector, the GIB said.
He will also work closely with Greensphere Capital and Foresight Group, who manage the two waste funds in which GIB has invested.
Judge will continue in his role as a board member of the Evermore Combined Heat and Power (CHP) plant in Northern Ireland, one of GIB’s most recent investments in the waste sector.
Shaun Kingsbury, GIB’s chief executive, said: “We’re pleased to welcome Chris and the wealth of experience he brings in financial services generally and waste infrastructure in particular.”
“I’d also like to pay tribute to Adrian Judge and his contribution to the set-up and early success of GIB.”
Holmes said: “As someone who has built a career in infrastructure and project finance, this represents a great new professional challenge for me in a sector I am passionate about. GIB has the sector knowledge and the capital to make a real difference and I’m looking forward to building upon the excellent work by Adrian and the team.”