British Business Bank Investments, the commercial arm of the British Business Bank, has appointed Catherine Lewis La Torre as chief executive officer, effective from 1 September 2016.

The appointment followed the announcement that Peter Wilson was stepping down as chief executive officer in March 2016.

Lewis La Torre will join British Business Bank Investments from Cardano, where she is head of private equity and responsible for managing a portfolio of private capital fund investments with over £1bn (€1.26bn) of client commitments.

She has over thirty years’ experience in the private equity industry focused on investing in the European mid-market. Before joining Cardano, she was co-founder of Proventure Private Equity, a fund management company in the Nordic Region, and also established her own private capital consulting business.

Together with the appointment of a new chief executive officer, British Business Bank Investments announced two new non-executive Directors, Sara Halbard and Francis Small.

Halbard is the former head of credit fund management at Intermediate Capital Group and Small is a former senior partner at Ernst & Young. Both positions are effective from 16 June 2016. Pat Butler stood down as a non-executive director at the end of May.