07/03/2016

Finance Wales appoints Giles Thorley as new Chief Executive

Giles Thorley has been appointed as the new Chief Executive of the Finance Wales Group.

Taking up his new post on 4th April 2016, Mr Thorley will lead Finance Wales as plans to create the Development Bank for Wales are implemented.

Mr Thorley joins Finance Wales from leading private equity company, TDR Capital where he has been a partner since 2010.  Prior to joining TDR Capital, he spent nine years at Punch Taverns, first as Executive Chairman and then Chief Executive. He was also a founding member of the Principal Finance Group.

In his successful twenty-year career Mr Thorley has gained significant senior management and private-equity investment experience.  He is also a successful business angel.

Commenting on his appointment Giles Thorley said: “Finance Wales is a key Welsh financial institution and continues to play a pivotal role in the Welsh economy.  I’m keen to build on its strengths and harness its expertise to ensure Welsh SMEs make an even greater economic contribution in future.

“With the recent launch of the new Wales Business Fund and other Welsh Government funds these are exciting times.  I’m looking forward to making the vision for the Development Bank for Wales a reality and significantly improving the funding and support available for Welsh SMEs.”

Welcoming Mr Thorley’s appointment, Economy Minister Edwina Hart said: “I welcome Giles Thorley’s appointment as Chief Executive of Finance Wales. The role requires experience, expertise and vision to drive forward the recommendations of the Access to Finance Review and ensure that micro, small and medium-sized businesses have the financial backing and support they need to succeed.”

Gareth Bullock, Chairman of Finance Wales added: “I’m pleased to welcome Giles Thorley to Finance Wales and I’m confident that the Group will flourish under his leadership.  Giles is a well-regarded senior business leader with an impressive track record and brings an exceptional blend of skills and expertise to Finance Wales coupled with a deep understanding of debt and equity investment.

A qualified barrister, Mr Thorley holds a law degree from the University of London and is a member of the Bar Council of England and Wales.  He has also served as a board director of Tui Travel, Esporta, Tragus and Ducati.

The recruitment process was undertaken by Ridgeway Partners, supported by the online recruitment service Nurole.