The former prime minister of Finland Alexander Stubb has been appointed the vice-president and member of the management committee of the European Investment Bank (EIB).
He started his new role on 1st August 2017 when he succeeded Jan Vapaavuori, who resigned from the EIB in June.
Alexander was appointed by the EIB’s board of governors after a recommendation from the finance minister of Finland and with the agreement of the shareholder constituency formed by Austria, Estonia, Latvia and Sweden.
In the bank’s management committee, Alexander will oversee EIB operations in Denmark, Estonia, Finland, Latvia, Lithuania and Sweden and in several countries outside the European Union.
Alexander said: “I am thrilled to be joining the EIB and look forward to putting my experience at the service of its continuing success.
“…The EIB is a European success story: it fosters investment in viable projects, helps make Europe more competitive worldwide and puts money and people to work.
“It has been called to tackle the historic difficulties that face Europe as a whole, and it has demonstrated that it could deliver and rise to the challenge.
“I am proud to [have been] given the opportunity to work for the EU bank.”
Prior to taking up this role, Alexander served as finance minister, foreign minister and trade and Europe minister of Finland, in addition to his spell as prime minister (June 2014 to May 2015).
He has a background in academia and the civil service, with a focus on EU affairs.
The management committee is the EIB’s permanent collegiate executive body – which comprises a president and eight vice-presidents – and oversees the day-to-day running of the EIB as well as making sure the board of director’s decisions are put into action.
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
Masthaven teams up with Intrinsic Financial Services
Masthaven has announced a new partnership with Intrinsic Financial Services as the bank looks to enable more brokers to access its range of residential mortgages.
Cambridge & Counties refinances Oxfordshire nursery
Cambridge & Counties has refinanced an Oxfordshire nursery, which is creating 50% more places for local children.
How important are brokers in the specialist banking market?
Brokers are an important channel for newly launched banks, a number of industry professionals have claimed.
BFC Bank enters UK market
BFC Bank has launched into the UK banking market offering financial services to UK SMEs.
Liam Fox launches GREAT Innovation in Action Awards
International trade secretary Liam Fox has launched the GREAT Innovation in Action Awards to find the best partnerships between UK and Asia-Pacific companies.
Teachers Building Society names new board of directors chair
Teachers Building Society has named Julie Nicholson as the new chair of its board of directors.
Church of England introduces contactless payments
The Church of England has introduced contactless, virtual terminal and SMS mobile payments to over 16,000 churches, cathedrals and religious sites across England.
FIBA workshops to feature live deal room
The Financial Intermediary & Broker Association (FIBA) has announced that its upcoming regional workshops will give brokers the chance to interact with partner lenders in a live deal room.
Metro Bank to enter Scottish mortgage market
Metro Bank has announced that from 5th April it will be expanding its mortgage business into Scotland.
Do challenger banks need to collaborate on Open Banking?
Collaboration between challenger banks on Open Banking could be a powerful message to consumers and the established players, according to an expert at a recent event.