BGF announces changes in leadership

Gregory, whose appointment is effective on 1 September 2022, joined BGF in 2011 as regional director for the North of England. He has held the role of CIO since May 2021 and was formerly head of investments, UK & Ireland since January 2020. Prior to joining BGF, Gregory held positions at Livingbridge and Bridgepoint, according to a press release.

Stephen Welton, BGF

Welton became CEO in 2011 and has also served as a member of HM Treasury’s Patient Capital Review, the Council of Innovate UK, and the PM’s business advisory council. He will start in the role of non-executive chair on 1 January 2023. Welton was a founding partner at private equity firm CCMP Capital (formerly JP Morgan Partners) and managing director of Barclays Private Equity and Henderson Ventures, which he also co-founded, according to the press release.

In his new role, Welton will promote a diverse and inclusive investment environment, with a particular focus on ESG and growing BGF’s charitable foundation.

BGF has also made new appointments to its Executive Committee: head of growth Richard Taylor, head of portfolio Ben Barker, and head of talent network Cate Poulson.

The firm has also declared its maiden dividend of GBP 30m to its shareholders: HSBC, Barclays, Lloyds Banking Group, NatWest and Standard Chartered. In line with original plans to be a self-sustaining investment platform, BGF has not drawn on committed shareholder capital since June 2021, with cash realisations now funding investment activity.

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• Topics
• People
• GPs
• UK / Ireland
• people moves
• BGF (Business Growth Fund)
• United Kingdom