Partnership UK
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PUK Board

Select the links below to view short profiles of the PUK Board.

Executive Directors

James Stewart - Chief Executive
Michael Gerrard - Deputy Chief Executive
David Goldstone - Finance Director
Andrew Rose - Executive Director

Non-Executive Directors

Gordon Horsfield - Chairman
Sir Steve Robson - Non-Executive Director
Gren Folwell - Non-Executive Director
David Clements - Non-Executive Director
Claudia Arney - Non-Executive Director (Treasury nominee)
Peter Schofield - Non-Executive Director (Treasury nominee)
Andy Friend - Non-Executive Director

James Ballingall - Company Secretary


Executive Directors

James Stewart - Chief Executive

James is the Chief Executive of Partnerships UK. He was appointed in May 2000. He is also a Director of the Northern Ireland Strategic Investment Board, Partnerships for Health and Ploughshare Innovations Limited and is a member of the Joint Venture Board of Partnerships for Schools.

Previously James was Head of Newcourt Capital’s project finance team in London. Prior to joining Newcourt Capital, James was Managing Director of Project Finance and the Global Head of Infrastructure and Environment with Société Générale (SG) in London.

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Michael Gerrard - Deputy Chief Executive

Michael Gerrard became a director of Partnerships UK in 2000 and Deputy CEO in 2002. Previously he was a director of the Treasury Taskforce which he joined in 1998, becoming head of its Projects Team in 1999. Prior to joining the Treasury Taskforce, he held senior project finance positions in several large energy and infrastructure projects in the UK, Middle East and Asia. This followed an earlier career with Morgan Grenfell in project finance and BP in engineering.

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David Goldstone - Finance Director

David Goldstone has been Finance Director of PUK since November 2001. He was seconded to Partnerships for Schools (PfS) as Chief Executive from January 2004 to August 2005 but continued in his role as a Director of the Company. Prior to becoming Finance Director, he spent 18 months on the establishment, and as the first Chief Executive, of Partnerships for Health, the Joint Venture with the NHS that is delivering new investment in Primary Health Care facilities and services under the NHS LIFT initiative.

David joined PUK as part of the incorporation of the Treasury Taskforce, having been a member of TTF since its inception in October 1997. He was responsible for establishing the Project Review Group (the inter-departmental group responsible for approving Local Authority projects receiving Government support), and Chaired PRG for its first 2 years. He was also involved in the development of the TTF Guidance on Standardisation of PFI Contracts, and has since been the author of Standardisation Guidance on schools projects, as well as contributing to the guidance on LA projects, accounting for PFI projects and various aspects of procurement guidance.

Before joining the TTF, David spent 9 years with Price Waterhouse, the last 1 1/2 on secondment at the Private Finance Panel. He is a CIPFA qualified public sector accountant.

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Andrew Rose - Executive Director

Andrew Rose joined the board of Partnerships UK plc in February 2005 following a seventeen year career at Canadian Imperial Bank of Commerce (CIBC). For the previous seven years, Andrew had been Managing Director, Investment Banking in London responsible for the Bank’s Infrastructure team. This team has predominately focused on PFI / PPP transactions.

Andrew led the negotiations for the banking groups on the Metronet and Skynet transactions, between which, £4 billion of private finance was raised. CIBC was also financial advisor to the private sector winning bidders on the Home Office accommodation transaction in addition to PFI deals in the health and waste sectors.

Andrew worked for CIBC in Dallas, Chicago and London covering many sectors and most recently was Chairman of the Bank’s Credit and Deals Committee for the European Region.

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Non-Executive Directors

Gordon Horsfield - Chairman

Gordon Horsfield is Chairman of Drax Group plc, a non-executive director of Norwich and Peterborough Building Society, Chair of the Council of the University of York and member of the Advisory Committee to the Abbot of Ampleforth Abbey.

Gordon retired from PricewaterhouseCoopers in January 2003 after 34 years’ service. Much of his professional career was spent as a corporate recovery specialist rising to become head of corporate finance and recovery at Price Waterhouse UK and a member of the UK firm’s executive board. Following the merger with Coopers & Lybrand in 1998, he was appointed to the new management board as the first director of operations of the UK firm PricewaterhouseCoopers, responsible for the new firm’s finances and for pulling together and rationalising the organisational and support functions of the UK business following the merger. Subsequently he led the team dealing with the sale of its management consulting business to IBM.

Gordon joined the Board of Partnerships UK in April 2007 and succeeded Sir Derek Higgs as Chairman on 12 June 2007

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Sir Steve Robson - Non-Executive Director

Sir Steve Robson CB retired as Second Permanent Secretary at HM Treasury in January 2001.

He joined HM Treasury after leaving university. His early career included a period as Private Secretary to the Chancellor of the Exchequer and a two year secondment to Investors in Industry plc (3i).

From 1997 until his retirement his responsibilities included the legal framework for the regulation of the UK financial services industry, public private partnerships, procurement policy including the private finance initiative and the Treasury’s enterprise and growth unit. He is a non-executive director of Partnerships UK plc, J P Morgan Cazenove plc, Xstrata plc and the Royal Bank of Scotland plc.

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Gren Folwell - Non-Executive Director

Gren Folwell’s career spans both the public and private sectors. He was Director of Finance of the London Borough of Bexley and City Treasurer of Sheffield MDC before joining the Halifax as Treasurer in 1986. Gren served on the Halifax Board from 1989 as Group Finance Director and, following its flotation and merger with the Leeds Permanent in 1995, became Managing Director and subsequently Deputy Group Chief Executive.

Since his retirement, Gren Folwell has built up a portfolio of non-executive Directorships. He is currently Deputy Chairman of Software Solutions Partners plc, Chairman of Compass Finance Group plc and Network Data Holdings plc. He is also a non-executive director of 4Ps and IPF Limited.

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David Clements - Non-Executive Director

A Chartered Civil Engineer with some 40 years experience in the engineering and construction industry, David has extensive experience of PFI and PPP projects.

Until 2004, David was a member of the Atkins Group Management Board, responsible for the company’s PFI and PPP project developments and also for its Facilities Management business. He has now retired from full-time employment but continues to work in non-executive consultancy roles. He is a non-executive Director of Partnerships UK plc.

Prior to joining Atkins, David had a wide-ranging career in engineering and construction in the UK and overseas, including over 20 years with the Balfour Beatty Group and a period with the Biwater Group before heading up a venture capital-backed business which he sold to Atkins in 1994.

He was for several years Chairman of the Business Services Association PFI Committee and had been a regular speaker at industry forums and conferences, providing the private sector perspective on PFI and PPP projects. He also helped to produce the “Constructors Key Guide to the Private Finance Initiative”.

During his time at Atkins, David was involved in some of the most significant PFI and PPP projects undertaken to date, including hospitals, schools, roads, prisons and most recently the London Underground PPP project with Metronet and the £550m Colchester Garrison PFI project. David has acted as a Director and frequently also as Chairman of the companies formed to undertake these projects.

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Claudia Arney - Non-Executive Director (Treasury nominee)

Claudia Arney is a Director, HM Treasury, and Head of the Enterprise & Growth Unit. She has overall responsibility in the Treasury for many of the policy issues which impact business – competition, regulation, productivity, enterprise and venture capital, corporate governance and institutional investment, and the spending programmes of the Department of Trade and Industry. She is also responsible for policy on public-private partnerships and the remaining state-owned industries.

Claudia has previously worked at Goldman Sachs as an Executive Director (2001 – 2006) in the Equities and Revision divisions.

Claudia has also worked at TheStreet.co.uk as Managing Director (1999- 2000), FT.com as Head of Product Development (1998 – 1999), Pearson plc as Strategy and Development Executive (1994- 1998), and McKinsey & Company as a Business Analyst (1992 – 1994).

Claudia has a BA in English Literature from Oxford University (1989 – 1992), and an MBA from INSEAD (1996- 1997).

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Peter Schofield - Non-Executive Director (Treasury nominee)

Peter joined the Shareholder Executive in January 2004. Prior to that, Peter spent two years on secondment from the Treasury to 3i Group plc, a leading FTSE 100 venture capital company where he worked with the London Buy-Out Team – a team of 25 professionals focusing on large management buyouts (£50-£500M), both new investments and shareholder management of portfolio companies.

Between 1991 and 2002, Peter worked for HM Treasury in a variety of roles including Private Secretary to the Chief Secretary and leading the Public Enterprise Partnerships team. This included work on the PPPs for London Underground and National Air Traffic Services (NATS) and the privatisation of British Energy.

Peter leads in the Shareholder Executive on the nine shareholder interests in MOD Trading Funds, QinetiQ, Royal Mint, NATS and Northern Ireland Water.

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Andy Friend - Non-Executive Director

Andy Friend is currently Commercial Advisor to the Department for Transport, a Non-Executive Director of ING Atlas Infrastructure Fund and a Trustee of Oxfam.

Between 1999 and 2006 he worked for John Laing Plc -as respectively Managing Director Investments and Group Chief Executive - where he was responsible for restructuring the company as a leading listed specialist infrastructure investor.

Between 1997 and 1999 he worked as an Associate Director at Macquarie in London and prior to that was Chief Executive Officer of the City of Melbourne, Australia. His earlier career was spent at the Greater London Council and working for a wide range of community and voluntary sector groups.

Andy has had experience of working across the private sector and with governments at all levels.

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James Ballingall - Company Secretary

James Ballingall was appointed Head of Legal at Partnerships UK on 21st April 2003 and Company Secretary to Partnerships UK on 19th May 2003. Prior to this, James was a Partner at Theodore Goddard Solicitors (now Addleshaw Goddard) where he led the projects and structured finance and rail teams and chaired the Strategy Committee. At PUK, James is responsible for all corporate legal matters, organises legal support for the different PUK groups and their sector work, and leads the guidance and standardisation initiative.

While at Theodore Goddard, James advised contractors, lenders, bidders and service providers on a range of PFI and PPP projects covering education, health, MOD, prisons and other sectors. He also provided legal input to the National Audit Office on a number of their PFI reviews. Prior to this, he was involved in a number of bids arising out of the BR privatisation and advised on structured finance transactions over a broad field concentrating in particular on transportation.

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