HM Treasury has confirmed today (23 July) that Lord Gerard Lemos CMG CBE will be stepping down from his role as Chair of the Board for National Savings and Investments (NS&I) with immediate effect.
Lord Lemos has been a member of the House of Lords since January 2025. Prior to this, he was appointed to the NS&I Advisory Board as Chair from 1 April 2024 on a three-year term but will be stepping down with immediate effect to take up an appointment in the Whip's Office within the House of Lords.
Non-Executive appointments to NS&I's Board, including the Chair, are regulated by the Office of the Commissioner for Public Appointments. The process to identify an Interim Chair will follow the Governance Code for Public Appointments and HM Treasury will seek to confirm the Interim Chair as soon as possible.
