Gary Steven

Director, Portfolio Management @National Wealth Fund

Leeds, GB

UKIB is a new, government-owned policy bank, launched in June 2021, providing £22bn of infrastructure finance and partnering with the private sector and local government to finance a green industrial revolution and drive growth across the country- Monitor progress on key projects, engage with project sponsors and equity fund managers and use specialist expertise to identify when projects are at risk and as needed be accountable for accurately implementing the appropriate and necessary mitigating action to protect the interests of the Bank- Provide expert portfolio analysis, identify concentration risks, propose risk mitigation strategies and accurately monitor portfolio returns to successfully meet the objectives of the Portfolio Management team and the wider mission of the Bank- Build internal models, interrogate external models, provide support to the team with sensitivity analysis, analysing outputs and performing high-level due diligence of financial models so as to ensure risks are managed and problems identified early- Attend site visits and engage with the respective management team and effectively scrutinise management to ensure the project is performing as per the business plan- Negotiate and coordinate any required documentation, test covenant compliance, test future financial projections and financial accounts to ensure that deals remain financially sound and aligned to the mission and objectives of UKIB- prepare reports for Investment Committee and Credit Committee to inform the Committees about the risks presented by new projects, how those risks should be mitigated and how pricing should be structured

Heriot-Watt University

Master of Arts (MA), Economics