Job Description
The National Wealth Fund (NWF) is at the forefront of investing public money for our future.
The NWF will have £27.8 billion of financial capacity. It will have an increased risk appetite with up to £7 billion in economic capital to hold against investments. Its mandate is set out in its Strategic Steer from the Chancellor of the Exchequer, although it will operate with a high degree of operational independence in its day-to-day activities, especially with regards to investment decisions. Through its leadership role, the NWF provides markets with the long-term certainty to build and supports investor confidence. It invests in key projects to reduce carbon emissions, create jobs, improve the UK’s economic security and support regional and local authorities to invest in their areas.
To date the NWF, and its predecessor organisation, has invested £5 billion, mobilising £12.5 billion of private finance and created 18,600 jobs. The Chancellor set the ambition to go further over this parliament, entrusting NWF with additional capital to be deployed over and above the original commitment.
The Chancellor of the Exchequer wishes to appoint a CEO for the National Wealth Fund. Leadership of the NWF involves leading a growing organisation of up to 400 staff, managing the evolving portfolio of debt/equity investments and guarantees, developing a multi-billion pipeline into active projects and companies, and building strong relationships with central, regional and local government.
The CEO is responsible for the ultimate executive leadership, day-to-day management and performance of the NWF – including ensuring the NWF delivers against the strategy and targets set by government and the board. In addition, the CEO will have public facing responsibilities and will be expected to manage the bank’s relationship with HM Government, act as its ambassador, and ensure it delivers in line with its mandate.
Russell Reynolds Associates (RRA) has been retained to support this appointment. For further information about the position and additional details on qualifications, requirements, terms and conditions of service and how to apply, please view the Position Specification available at: https://www.russellreynolds.com/en/executive-opportunities
The closing date for applications is 23:55 on 22nd April 2025.
The National Wealth Fund (NWF) is at the forefront of investing public money for our future.
We provide £27.8bn of finance and partner with the private sector and local government to support projects which help crowd in private investment and drive growth across the UK.
We are wholly owned and backed by HM Treasury, but operationally independent.