The government has appointed a new deputy chief executive officer and head of finance for the Infrastructure Projects Authority.
Matthew Vickerstaff will take on the newly created roles, which will see him manage teams responsible for PF2 policy and implementation, the IPA guarantees scheme and the IPA’s international team.
He will also head up project finance across government – the first time such a post has existed.
He joins the organisation after more than 10 years with Societe General, where he led teams responsible for advisory, banking, equity investment and the capital markets, with clients across multiple industries, including airports, ports, rail, roads, energy and real estate.
Most recently he held the role of head of impact investment at investment bankers ClearlySo.
The government said his appointment would help encourage private investment into some of the UK’s major infrastructure projects.
It comes nearly a year after Infrastructure UK and the Major Projects Authority merged to create the IPA.
The IPA is led by former MPA chief executive Tony Meggs and reports jointly to the chancellor and the minister for the Cabinet Office.
Mr Meggs said: “I am delighted to welcome Matthew to the IPA.
“I look forward to working closely with Matthew as he brings with him a wealth of private sector expertise in the financing of major international infrastructure projects across a broad range of sectors.
“He will play an invaluable role in leading the project finance profession across government and demonstrating that the UK is open for business.”
Chief secretary to the Treasury David Gauke said: “We are determined to build a bigger, better, greater Britain, and we will do all we can to help attract investment to ensure our infrastructure is fit for the 21st century.
“Matthew’s proven experience and commercial expertise will help the UK attract additional infrastructure investment by bringing the private sector on board.”