Directors’ biographies

Director's report

Directors’ biographies

Ron Emerson

Non-executive Chair

Ron brings a broad range of business skills and experience to the board. He spent his early career in international banking where he held a number of senior management positions with Bank of America and Standard Chartered Bank, where he was a member of the group management committee and Group Head of Corporate Banking. Since 1996 he has divided his time between Non‑executive Directorships, business advisory work and as an active member of the Faculty of Management Studies at Oxford University, where he was an Associate Fellow.

As a non-executive he has served on a variety of boards ranging across, listed (main board and AIM), private equity funded, large, high impact subsidiaries, private family owned, and regulated and unregulated sectors. He has also acted as a Senior Advisor at the Bank of England and the Financial Services Authority. Ron holds degrees from Manchester, Durham and Oxford universities.

Jonathan Britton

Independent Non-executive Director – Audit Committee Chair

Jonathan has extensive experience in banking, spanning corporate, SME and investment banking businesses. Jonathan is currently a Non-executive Director and Chair of the Audit Committee of ICICI Bank UK Limited and a Non-executive Director for Nomura European Holdings Limited, whose Audit Committee he also chairs. Since 2006, he has also been a Director of Sparks, a leading children’s medical research charity, becoming Chairman in 2012. Most recently, he was Divisional Finance Director and Head of Strategy for the Wholesale Division at Lloyds Banking Group and prior to that, Global Controller and Head of Treasury at Barclays Bank plc from 2006 to 2008. He previously held senior posts in UBS’s Investment Banking Business. Jonathan holds an MA in Engineering Science from Keble College, Oxford and is a qualified chartered accountant.

Colin Glass

Independent Non-executive Director

Colin is a Chartered Accountant with his own practice, Winburn Glass Norfolk (WGN). He is or has been a Non-executive Director of several companies, some of which are quoted on AIM and which came out of the WGN portfolio. He has always been passionately interested in helping small businesses develop to their full potential. He was a Non-executive Director of Partnership Investment Finance (PIF), a fund set up with funding from Europe and Barclays Bank, to support SMEs and social achievement in the areas of Yorkshire and The Humber. He acts as a mentor to early stage SMEs with high-growth potential. Through his deep interest and experience in SMEs, he was awarded the Star in Practice Award in 2006 from the West Yorkshire Society of Chartered Accountants and also was awarded Business Adviser of the Year in 2007 and Non-executive Director of the year in 2008 both by the Institute of Directors Yorkshire and Humber. In January 2011 he was awarded Non-executive Director of the Year in the Grant Thornton sponsored Quoted Company Awards for his work with AIM-quoted SMEs.

In 2016 he was included in the Maserati 100, which was established to recognise those who are helping to support the next generation of young entrepreneurs in the country.

Teresa Graham

Independent Non-executive Director and Interim Risk Committee Chair

Teresa graduated from Newcastle University. During her time working in a Big Four accounting practice, she was seconded to the UK Government’s Enterprise and Deregulation Unit. In March 1988 she was appointed to the Government’s Deregulation Advisory Panel for a two year term and served through two decades of administrations. She was the first female winner of the Young Accountant of the Year Award for 1988 in recognition of her contribution to the small firms sector, her profession and work with Government.

She was also the first female laureate of the Institute of Chartered Accountants. Teresa now works independently focusing on her three passions – strategic advice to ambitious, growing businesses, liberating these businesses from the fetters of red tape and running The Lexi Cinema and The Nomad, both social enterprises in the cinema space covenanting 100% of their profits to a charity in South Africa. She holds a number of appointments, including non-executive, mentoring and advisory roles in growth businesses. She was awarded a CBE in 2007 and an OBE in 1997.

Caroline Green

Independent Non-executive Director

Caroline is COO and CFO of ProLabs Limited, the global leader in the supply of compatible network infrastructure and connectivity products. She was formerly CFO and Head of Shared Services for the security and risk mitigation company PGI Limited. Caroline has experience of working in VC-backed businesses as well as having eight years in private equity, initially at 3i plc. She started her career at Xerox Corp where she spent nine years in a variety of roles including supply chain, manufacturing and finance. Previously Caroline spent five years as a trustee of the MS Society and currently sits on the board of unseen (UK), the charity dedicated to eradication of human trafficking and slavery.

Christina McComb

Senior Independent Director

Christina has held a number of senior roles in public and private sector organisations and has a successful track record in private equity and Venture Capital investment. Supporting and advising growth businesses is at the heart of Christina’s career. She is a former director of 3i plc and was a founding director in the Shareholder Executive. Christina currently holds a number of non-executive Board positions; she is Chairman of Engage Mutual Assurance, Senior Independent Director of Standard Life European Private Equity Trust plc and a Non-executive Director of Baronsmead VCT2 plc and Nexeon Limited. Christina has a BA Hons from London School of Economics and an MBA from London Business School.

Ceri Smith

Shareholder Representative Director

Ceri Smith is the Director at UK Government Investments for overseeing the British Business Bank on behalf of its Shareholder, the Secretary of State for Business, Innovation and Skills. He was responsible for the successful delivery of the project that created the British Business Bank. 

He previously worked in HM Treasury, the Department for Business and the Foreign Office. Responsibilities have included advising on business finance, employment law, SME taxation and developing the government’s Enterprise Capital Fund Programme.

Keith Morgan

Chief Executive Officer

Keith led the planning and establishment of the British Business Bank from January 2013, and was appointed Chief Executive Officer in December 2013. Prior to this, Keith was a Director and Head of Wholly-Owned Investments at UK Financial Investments, joining in 2009 to manage the UK Government’s shareholdings in Bradford & Bingley, Northern Rock and Northern Rock Asset Management. Keith joined UKFI from Banco Santander where he was a Director of Sovereign Bancorp in the US, focusing on retail and SME strategy and the integration of Sovereign into Santander. He was previously Director of Strategy and Planning at Abbey National and a member of the Executive Committee, and also served as Chairman of Santander’s Asset Management and Credit Card businesses in the UK. Before joining Abbey in 2004, Keith spent 18 years at LEK Consulting, where he was a partner specialising in financial services.

Christopher Fox

Chief Financial Officer and Head of Central Services, Executive Director

Christopher is Chief Financial Officer and is also responsible for central functions including HR, IT and Admin. Prior to joining the British Business Bank, Christopher was Head of Banking at UK Financial Investments, where he was responsible for overseeing HM Government’s shareholdings in Lloyds Banking Group, Royal Bank of Scotland and UK Asset Resolution. He was also a Non-executive Director at UK Asset Resolution, Bradford & Bingley and NRAM. Christopher joined UKFI from UBS, where he gained extensive experience of financial services over nearly 20 years, having provided capital markets and investment banking advice to a range of governments and financial institutions around the world. He joined UBS in 1993 and is a qualified accountant. 

Patrick Magee

Chief Operating Officer, Executive Director

Patrick joined the British Business Bank as Chief Operating Officer in October 2014. He had previously represented the Government’s shareholder interests on its Board. Before joining the Shareholder Executive in June 2012, Patrick was a Managing Director of Corporate Finance at JP Morgan Cazenove, having worked at the predecessor firms for almost 18 years. During his career Patrick has advised on a broad range of M&A, capital markets and corporate broking assignments for a range of clients in the General Industrial, Energy/Utility, Support Services and Financial Services areas. Patrick also spent two years on secondment to the Panel for Takeovers and Mergers. During his time at the Shareholder Executive Patrick was involved in assisting with the establishment of The Green Deal Finance Company, the set-up and governance of the British Business Bank as well as work on a range of the companies in the Shareholder Executive portfolio.

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