GovWire

Tim Reid has been appointed CEO of UK Export Finance (UKEF), the UK governments export credit agency, taking up the role on 1 January 2023.

Tim was previously UKEFs Director of Business Group and joined UKEF from HSBC in 2022, where he held senior positions around the world, focusing on connecting businesses with international opportunities. At HSBC, his most recent role was Global Head of Transaction Banking within the banks Global Banking division. Previously he managed businesses across Europe, the Americas, the Middle East, and North Africa.

Secretary of State for International Trade, Kemi Badenoch said:

Im pleased to welcome Tim to his new role as CEO of UKEF. Tim brings a wealth of experience and has a proven track record for helping businesses expand internationally. I look forward to working with him to deliver the governments export strategy helping businesses to grow, create jobs, and deliver the best of British innovation and quality around the world.

Tim Reid said:

Its an honour to be appointed CEO of UK Export Finance. UKEF plays a vital role in helping UK businesses open the doors to international trade, and removing barriers to exporting through access to government-backed trade finance and insurance. With a strengthened commitment to sustainability and continued drive to support SMEs across the UK, I look forward to working with our talented team to deliver the governments ambitions for export growth.

Thank you to Samir Parkash for his leadership of the department in the interim.

Notes for editors

1. Tim Reid succeeds Louis Taylor, who was CEO from October 2015 October 2022.
2. Samir Parkash served as interim CEO from October 2022 December 2022.
3. This appointment has been approved by the Civil Service Commission and the Prime Minister.
4. The process was supported by UK Government Investments, part of HM Treasury, which manages governments interventions in the private sector to secure best value for the taxpayer.
5. UK Export Finance is the UKs export credit agency. We advance prosperity by ensuring no viable UK export fails for lack of finance or insurance, doing that sustainably and at no net cost to the taxpayer
6. UKEF has a regional network of 29 export finance managers supporting export businesses.
7. UKEF supports exporters with a range of products that cover buyer finance, working capital, and insurance.
8. Our financing can help overseas buyers in both the public and commercial sectors ensure capital goods or services from the UK come with competitive terms, providing overseas project sponsors with attractive long-term financing.

Contact