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Former HSBC boss John Flint has been appointed as the inaugural permanent head of the government's new infrastructure bank, which is based in Leeds.Copyright: Getty Images
Chancellor Rishi Sunak said Mr Flint's appointment marks an "important milestone" for the bank, which opened in June with the aim of supporting investment in renewable energy, transport, digital infrastructure, water and waste utilities.
It will also boost local and regional economic growth as part of the government's so-called "levelling-up" agenda.
Yorkshire-born Mr Flint is set to start as chief executive of the bank on 27 September and will be based at its headquarters in Leeds.
He said: "The UK infrastructure bank's purpose is clear, and the opportunity to play a role in accelerating the UK's transition to a low carbon economy, and catalysing regional economic growth is exciting."
Mr Flint left HSBC in 2019 after less than 18 months as chief executive amid a reported rift with new chairman Mark Tucker.
He previously spent 30 years at the bank, having joined as a graduate trainee in 1989.
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