Team Members

Charles Roxburgh is the Second Permanent Secretary at Her Majesty’s Treasury. He took up this position in July 2016. In this role, he is responsible, at the Treasury, for all issues relating to growth, productivity, infrastructure, financial services and financial stability. He is also a member of the Executive Management Board at the Treasury.

Prior to joining HM Treasury in 2013, Charles spent 26 years at McKinsey & Company. In his consulting work, he focused primarily on serving clients in the financial services sector. He was based in London for most of his career, but also spent seven years working in McKinsey’s New York Financial Institutions practice. His client work spanned retail banking, corporate and investment banking, insurance and asset management.

He held a number of leadership positions at McKinsey, including: co-head of the Global Strategy Practice; head of the UK Financial Institutions Group; and leader of the Global Corporate and Investment Banking Practice. In 2009, he became the London-based Director of the McKinsey Global Institute (MGI). At MGI, he led research into global capital markets, the impact of deleveraging on economic growth as well as a number of research projects into growth at the country and regional level. In 2011, he was elected to the global board of McKinsey & Company.

He was educated at Cambridge University, where he read Classics. He holds an MBA from the Harvard Business School.

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In addition to being UKGI’s General Counsel, Lucie is also the UK Delegate to the OECD’s Working Party on State Ownership and Privatisation Practices. Prior to joining UKGI in 2015, she worked as a lawyer at Clifford Chance, Lloyds Banking Group and the United Nations.

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James joined UK Government Investments (formerly the Shareholder Executive) in March 2014. He has worked on a variety of corporate finance and governance projects, including government investments into industry and government asset sales. Major government sales worked on include the two public equity offerings of Royal Mail shares that removed Royal Mail from public sector ownership and advising the Department for Transport on Network Rail’s sale of c. 5,000 railway arches. He has recently been advising the Department of Health and Social Care on transactions relating to the provision of indemnity cover for GPs and working with the UK’s Vaccine Task Force on negotiating agreements with vaccine manufacturers to secure vaccines and manufacturing capacity as part of the UK’s response to Covid-19.

Prior to joining UKGI, James spent ten years working in corporate finance, first on the sell side in investment banking and, immediately prior to joining UKGI, on the buy side, at a hedge fund. He started his career at Bank of America, working in London and New York.

James holds an Economics degree from St Catharine’s College, Cambridge.

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Elena joined UKGI in October 2020 and has been a Non-Executive Director for Eutelsat Communications SA since September 2023 and for UKIB since August 2024. Prior to that, she had a twenty-five-year career in investment banking at Citibank, Goldman Sachs and Ondra Partners advising companies across Europe on financial strategy, capital raising and capital allocation. Through providing advice to senior management and boards she developed corporate governance expertise and became a Non-Executive Director on public company boards. In addition to her role at UKGI, she is a Non-Executive Director at illimity Bank, a digital only SME focused bank headquartered in Milan, Italy. She holds a degree in business administration from Bocconi University, Milan.

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Edward joined UK Government Investments in 2015, and has worked on both corporate finance and corporate governance projects. Most recently, Ed led the joint MOD/UKGI team that successfully brought the Atomic Weapons Establishment back into government ownership.

Prior to joining UKGI, Edward worked as a lawyer. He trained with the Scottish Government before moving into private practice first in Scotland and then the City, specializing in project and asset finance. Edward combined work and study to complete a Masters in global energy and climate policy, and further augmented his sectoral experience with secondments to Network Rail, ING and UK Export Finance.

Edward has completed a two year secondment with the Cabinet Office, where he first led on business, energy and environmental policy coordination in the Economic and Domestic Affairs Secretariat, working closely with HMT and No.10. Edward then led a team in DExEU preparing for the UK’s exit from the EU, before being asked to help establish and lead a team within the COVID Taskforce.

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Jonathan rejoined UKGI in January 2021 to lead its work supporting HMT’s financial interventions in response to the COVID-19 pandemic, having previously been with the organisation between 2015 and 2019.

In his first stint at UKGI Jonathan led the inaugural income contingent student loan sale on behalf of DfE, UKGI’s work on net zero with BEIS, and projects with MoD, DIT, and the FCO.

Jonathan’s private sector background is in asset management. He was a portfolio manager at the BT Pension Scheme, running secure income and infrastructure equity portfolios, and at BlackRock, where he helped establish its infrastructure debt business. He began his career at ING Barings in its Energy, Transport, and Infrastructure group.

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Aidan joined UKGI in February 2021 to lead the insurance branch in the Contingent Liabilities Group. Aidan is on secondment from the Government Actuary’s Department. Aidan has over 20 years’ experience at GAD providing actuarial advice to the public sector, covering insurance, social security and pension arrangements. From 2015 to 2020 Aidan was GAD’s Head of Technical and Professional, responsible for technical and professional practices across the department.

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Robert joined UKGI in November 2020 to lead its work supporting HM Treasury’s financial interventions in response to the COVID-19 pandemic.
Prior to UKGI, he spent over a decade in HM Treasury fulfilling a range of roles across financial services, public spending, corporate finance and communications where he built up extensive experience working with Ministers, special advisers and senior officials.

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Nancy joined UKGI in 2021. She leads on a variety of corporate finance and corporate governance projects across numerous government departments. She has worked with the Department for Digital, Culture, Media and Sport, Department for Business and Trade, Ministry of Defence, Department for Energy Security and Net Zero and HM Treasury. Nancy currently leads the shareholder team for the British Business Bank.

Prior to UKGI, Nancy spent 20 years in investment banking, leading M&A and capital raising transactions at UBS Investment Bank, Canaccord Genuity and Ernst & Young. Nancy holds an Economics & Management degree from Merton College, Oxford.

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Sukhi Johal joined UKGI in early 2021 from RSM UK, the provider of audit, tax and consulting services, where she was a Corporate Finance Partner. She has over 20 years’ experience in Corporate Finance, split between Advisory and Corporate & Investment Banking and worked on complex transactions in the UK and internationally.

At UKGI she leads work on providing specialist corporate finance advice and commercial negotiation support across government departments where a particular M&A transaction or corporate event is deemed of national or economic importance to government. In the last year the team has undertaken a key advisory role in some of the most high-profile national security transactions facing government, across aerospace, space, telecoms and digital sectors.

In June 2023 Sukhi was appointed as the government’s representative on the board of National Highways.

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