Louis Taylor has been named the new chief executive of UK Export Finance (UKEF), taking up the role in October.

Taylor is currently chief operating officer, group treasury at Standard Chartered.

He becomes the 16th head of UKEF, replacing David Godfrey, who has been CEO since September 2013.

His previous roles include CEO of Standard Chartered in Vietnam, Cambodia and Laos, and vice-chair of the European Chamber of Commerce in Vietnam. His early career included eight years in investment banking and five years running strategy and acquisitions for two industrial firms.

“I am delighted to join UKEF at such an exciting time, with its new products, a recently widened mandate, and an ambitious business plan. I look forward to helping the organisation and its staff make the most of these powerful new opportunities to support UK exports,” Taylor says.