Tim Reid has been appointed CEO of UK Export Finance (UKEF), the UK government’s export credit agency, taking up the role on 1 January 2023.

Tim was previously UKEF’s Director of Business Group and joined UKEF from HSBC in 2022 , where he held senior positions around the world, focusing on connecting businesses with international opportunities. At HSBC, his most recent role was Global Head of Transaction Banking within the bank’s Global Banking division. Previously he managed businesses across Europe, the Americas, the Middle East, and North Africa.

Secretary of State for International Trade, Kemi Badenoch said:

“I’m pleased to welcome Tim to his new role as CEO of UKEF. Tim brings a wealth of experience and has a proven track record for helping businesses expand internationally. I look forward to working with him to deliver the government’s export strategy – helping businesses to grow, create jobs, and deliver the best of British innovation and quality around the world.”

Tim Reid said:

“It’s an honour to be appointed CEO of UK Export Finance. UKEF plays a vital role in helping UK businesses open the doors to international trade and removing barriers to exporting through access to government-backed trade finance and insurance.

“With a strengthened commitment to sustainability and continued drive to support SMEs across the UK, I look forward to working with our talented team to deliver the government’s ambitions for export growth. Thank you to Samir Parkash for his leadership of the department in the interim.”