Finance Wales chief exec to stand down
Wed, 21st January 2015

Finance Wales chief exec to stand down

The chief executive of Finance Wales is to step down later this year after ten years in the post. Sian Lloyd Jones has overseen the finance provider's transition from a subsidiary of the former Welsh Development Agency to a subsidiary of the Welsh Government.

Under her leadership, the number and range of funds Finance Wales manages has increased significantly, including the launch of the Welsh Government-backed £20m Wales Capital Growth and £7.5m Wales Technology Seed Funds as well as the £170m Help to Buy – Wales scheme in 2014.

Finance Wales invested a record £50m in the 2013/14 financial year and exceeded its investment target for the first half of the 2014/15 financial year.

Lloyd Jones will remain in post until the end of September 2015 to assist Finance Wales as it adapts to new challenges.

Finance Wales chairman Ian Johnson said: "Finance Wales has evolved significantly in the last 14 years and needs to continue delivering Welsh Government policy effectively.

"The board believes this will best be achieved under new leadership and confirms that Sian Lloyd Jones will step down from her role as chief executive."

Minister for economy, science and transport Edwina Hart added: "I would like to thank Sian for her contribution as chief executive of Finance Wales over the past decade.

"During this time investment in SMEs by Finance Wales has exceeded £350m, creating and safeguarding almost 40,000 jobs across Wales, and the number of funds managed by Finance Wales on behalf of the Welsh Government is at a record level."

Lloyd Jones said: "I'd like to thank Barclays which has supported Finance Wales from the outset.

"I'd also like to thank the European Investment Bank which, alongside the Welsh European Funding Office and Welsh Government, has enabled Finance Wales to expand the range of funds it offers new and growing Welsh businesses."

category Wales  |  source Insider Media