Appointments to the Green Investment Bank’s Advisory Group have been announced by business secretary Vince Cable.

Announced at the end of August, the Group will be made up of nine experts, ranging from those with capabilities in finance, building, transactions and green economics.

According to BIS, the group will “become a key component of the  Government’s green policies and will accelerate the UK’s transition to a green economy.”

The nine members of the advisory group are:

• Simon Brooks, UK Vice President, European Investment Bank;
• John Burnham, former managing director and global head of infrastructure, Citigroup;
• David Gregson is chairman of Phoenix Equity Partners;
• Melville Haggard, managing director, Quartermain Advisers Limited;
• Dima Rifai, managing partner, Paradigm Change Capital Partners LLP;
• Penny Shepherd, chief executive, UKSIF (UK Sustainable Investment and Finance Association;
• James Smith, former chairman of Shell UK;
• Lord Stern of Brentford, Professor of Economics and Government, London School of Economics and chairman of the Grantham Research Institute on Climate Change and the Environment;
• Bob Wigley, chairman, Yell Group, former chairman of Merrill Lynch Europe, Middle East and Africa and chaired the Green Investment Bank Commission which reported in July 2010.

The Group’s chair, Sir Adrian Montague, was appointed on 24 May as part of Mr Cable’s design of the GIB. Sir Adrian is the non-executive Chairman of 3i, Anglian Water Group Ltd, Hurricane Exploration and Cellmark Investments AB. He is also non-executive director of Skanska AB.

Members of the Advisory Group will adopt a consultative role, and will not make decisions on individual investments. The chair and members will be unpaid.

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