Following Gordon Welsh’s retirement, former HSBC transaction banking head Tim Reid has been appointed director of UK Export Finance’s (UKEF) enterprise group.
Reid is anticipated to help within the implementation of the export credit score company’s four-year enterprise technique, which was launched in 2020 and focuses on helping a better variety of UK firms in exporting items and financing companies concerned within the world transition to net-zero carbon emissions.
Reid replaces Welsh, who left UKEF after practically 25 years. Welsh has beforehand held numerous prime positions on the company, together with head of product and enterprise improvement and head of aviation, earlier than being named head of its enterprise group in 2016.
Reid spent 34 years at HSBC, the place he led the corporate’s world and industrial banking divisions within the Center East and North Africa, in addition to its continental European industrial banking unit.