Nigel Topping, Tania Songini and Marianne Økland have been reappointed as Non-Executive Directors (NEDs) of the National Wealth Fund by the Financial Secretary to the Treasury.
The National Wealth Fund (NWF) is playing a central role in investing public money in the UK’s future, and over the next five years aims to mobilise over £100 billion of finance into the UK economy supporting the government’s growth mission.
Following the appointment of a new CEO, Olly Holbourn, and three new Non-Executive Directors last year, the NWF has, under this leadership, published its 5 year strategic plan (March 2026) and moved into its next phase of delivery.
The NWF Board, chaired by Chris Grigg, has been central to this progress. These reappointments provide continuity and stability to the Board, as the organisation builds on the recent changes and continues to deliver its objectives.
The NWF invests in a range of capital-intensive projects, businesses and assets, using debt, equity and guarantees, addressing market weaknesses and crowding in private investment to unlock growth and clean energy projects that otherwise would not have gone ahead.
Financial Secretary to the Treasury, Lord Livermore said
I am pleased to reappoint Nigel Topping, Tania Songini and Marianne Økland to the Board of the National Wealth Fund. Their combined expertise across industry, energy and financial markets will continue to support the NWF’s work delivering investment and growth across the UK.
Chair of the National Wealth Fund, Chris Grigg, said
I welcome the reappointment of Nigel, Tania and Marianne. They have each made a strong contribution to the Board, and their experience and insight will continue to be valuable as the organisation builds on recent progress and delivers its strategic plan.
These reappointments have been made following a formal process and with the approval of the Financial Secretary to the Treasury and the Prime Minister. Reappointments are not automatic and are made on merit, in line with the Governance Code on Public Appointments.
Nigel Topping brings extensive experience across industry and climate leadership. He has held senior roles in UK manufacturing and industrial businesses and has played a leading role in driving the transition to a net zero carbon economy. Nigel served as the UK’s High-Level Climate Action Champion for COP26 and continues to hold a number of advisory and leadership roles in climate and energy. He brings strategic insight, a strong external network, and deep expertise in industrial decarbonisation to the NWF Board.
Tania Songini has significant experience in the energy sector, particularly in renewable power generation and distributed energy systems. She has held senior leadership roles within Siemens’ energy business across the UK and northwest Europe, and currently holds a number of non-executive positions across the energy sector. As Chair of the NWF Remuneration Committee, she has played a key role in aligning organisational objectives with shareholder priorities. Tania brings strong commercial, operational and sector expertise to the Board.
Marianne Økland brings deep banking and capital markets expertise, developed through senior roles at global financial institutions including JP Morgan and UBS. She has extensive experience in structuring and raising debt capital and in complex financial transactions. Marianne also brings strong technical knowledge of banking risk frameworks and economic capital, providing valuable challenge and oversight to the Board as the NWF’s portfolio grows in scale and complexity.
The NED’s current terms are due to expire in June 2026. Following the reappointment process, Nigel Topping will serve a further four-year term, Tania Songini a two-year term, and Marianne Økland a one-year term.