The Crown Estate has appointed a big cheese from the finance sector to succeed Sir Stuart Hampson as Chairman.
Centerview Partners chief Robin Budenberg takes the hotseat with immediate effect, six months after Hampson announced his retirement (describing the position as “one of the best jobs in real estate”).
Budenberg, the former Chairman and Chief Executive of UK Financial Investments (which manages the Government’s shareholdings in RBS and Lloyds), also spent time at UBS working on a number of big deals involving the Government. In 2015, he was given a CBE for services to the taxpayer and the economy.
The Crown Estate manages a £12bn portfolio of assets, focusing on four core sectors: central London; prime retail and leisure assets; rural and strategic land; and as manager of the UK seabed, offshore wind.
Robin Budenberg: “I am honoured to take up the position of Chair at The Crown Estate. It is a business which sees the big picture and takes a long term approach to how it creates value to drive strong returns to the public finances. I very much look forward to working with the Board, Alison Nimmo, and her talented team to ensure it remains an outstanding UK success story.”