Kerry Baldwin, Ruth Handcock OBE and Robin Murray have been appointed as non-executive directors to the board of British Business Bank plc, while Piers Lowson has joined the board of BBB Investment Services Limited.

Each term will last for three years from the date of appointment, at the end of which they may be appointed for another three-year term.

In addition, the Government has confirmed the reappointment of Stephen Welton CBE as non-executive chair of the Bank for a second three-year term, from 5th October 2026.

Baldwin is co-founder and managing partner of IQ Capital, a UK DeepTech venture capital firm.

Handcock is a UK financial services leader known for building mission-driven businesses that expand access to investing and financial advice. She most recently served as CEO of Octopus Money, where she built a £5bn assets under management business to deliver the company’s mission to make financial advice simple and accessible to everyone.

Murray brings more than 30 years of Silicon Valley experience as an entrepreneur and investor across venture capital, growth equity and global private markets. He is head of growth equity at Adams Street Partners, a $75bn global private markets investment firm.

Lowson has more than 35 years of investment experience across asset management, investment banking and consultancy. Until 2025, he was a director of Baillie Gifford, one of the UK’s largest and most successful growth equity managers.