UK Government Investments announces appointment of three new Directors

The appointment of three new Directors to UKGI’s senior management team reflects the increased government demand for UKGI’s services across specialist areas, and follows the earlier promotion of two of UKGI’s Directors to senior positions within other government departments.

Charles Donald, Chief Executive of UKGI, said:

UKGI’s inclusive culture and working environment, as well as the significant social, economic and political impact of our work, means that we continue to attract senior talent with extensive specialist expertise and experience. These appointments strengthen UKGI’s senior team and enhance our ability to provide high quality advice and support across government.


Lorna Gratton will be joining from the Department of Culture, Media and Sport in October where she is currently Director for Digital and Tech policy. Prior to this Lorna worked for over three years as Private Secretary to the Prime Minister. Lorna started her civil service career in HM Treasury and her roles there included a period as Private Secretary to the Chancellor of the Exchequer. Lorna also brings with her private sector experience acquired at Boston Consulting Group and Board capability, latterly from her membership of the Board of Trustees at Teach First.

Jamie Carter will be promoted with immediate effect to Director. Jamie joined UKGI in 2016 from HM Treasury, having started his civil service career in 2005. Since joining he has held the role of Shareholder Non-Executive Director on the Board of The Royal Mint Ltd and led the Shareholder team for the British Business Bank.

Lorna and Jamie will provide valuable civil service experience within UKGI’s leadership team to help the organisation deliver its work at the intersection of the public and private sectors.

Siobhan Duffy joined in July 2021 to lead UKGI’s Contingent Liability Central Capability (CLCC), a newly formed analytical and advisory unit set up to strengthen contingent liability expertise across government.
Siobhan has 25 years’ experience in debt capital markets. During her career, she has held several leadership roles, including global head of private placements at NatWest Markets/ RBS and, prior to that, the same role at ABN AMRO. Most recently, she was the head of distribution at London Bridge Capital, an independent corporate finance firm, where she was responsible for establishing a platform to support the advisory business.

The CLCC has been established to strengthen contingent liability expertise and risk management across government. The team working with Siobhan comprises actuaries seconded from the Government Actuary’s Department (GAD), credit risk experts, policy professionals and analysts.


Notes to Editors
UKGI is the government’s centre of excellence in corporate governance and corporate finance. It provides expert advice and leading solutions that inform and translate government’s decisions into effective outcomes in the national interest.

UKGI acts as shareholder for, and leads the establishment of, UK government arm’s length bodies; it advises on all major UK government corporate finance matters, including financial interventions into corporate structures and corporate finance negotiations; it analyses and advises on the UK government’s contingent liabilities; and it acquires, manages and executes the sale of all significant UK government corporate assets.

UKGI is owned by HM Treasury and independently managed with a Board comprised predominantly of independent non-executive directors. UKGI works closely with both the private and public sectors, advising and interacting with ministers, Parliament and Whitehall departments.

For further information contact Tavistock:
[email protected]
David Cracknell – [email protected] – 07703 492 993
Lulu Bridges – [email protected] – 07831 170 364