Banker Graham Pimlott is the new chairman of the Export Credits Guarantee Department (ECGD) of the UK.
The role has been designed to bring private sector experience to the business of ECGD and to contribute to the strengthening of ECGD’s corporate governance as it prepares for its future status as a trading fund.
Pimlott, 54, was active in investment banking from 1986, when he joined Kleinwort Benson as Director of Corporate Finance. He moved to BZW in 1989 where he was head of investment banking and latterly chief executive, corporate and institutional banking for Barclays. He was a member of the group executive committee of Barclays from 1994 to 1999. He was previously a partner in the international law firm Lovell White Durrant from 1981.
Pimlott is a non-executive director of Tesco plc, Provident Financial and Hammerson plc, where he is deputy chairman.
As part of ECGD’s transition to a trading fund the UK government has decided to strengthen the department’s top management structure by creating a new board with an independent chair and a new chief executive to succeed Vivian Brown. As the first chair, Pimlott will initially devote one/two days a week to the department’s work, reducing to one/two days a month in time.
The appointment will be for an initial period of three years.