Gary has extensive experience in sterling markets and audit, risk and control matters, including as Vice President Capital Markets and Banking Relations at BP Plc.
In this role Gary will support the DMO’s Chief Executive Officer and senior team and will bring considerable experience, skills and judgement to the full array of Advisory Board issues. Gary will also chair the DMO’s Audit and Risk Committee.
Gary will be appointed for a three-year term. He will replace Dr Paul Fisher OBE whose term on the DMO Advisory Board is coming to an end later this year.
Economic Secretary to the Treasury, Emma Reynolds said:
Delivering economic and fiscal stability lies at the heart of this government’s Plan for Change and is at the forefront of the work the Debt Management Office do. Therefore, I am delighted to announce the appointment of Gary Admans, his extensive knowledge, skills and experience will be invaluable to the organisation in its essential role in delivering economic stability.
I would also like to thank Paul Fisher for his excellent contribution to the work of the DMO over many years.
Dame Sue Owen, Non-Executive Chair, DMO Advisory Board said:
I am thrilled to announce that Gary Admans has been appointed to our Advisory Board as a Non-Executive Director.
Gary’s profound expertise and experience in bond markets and audit, risk and control matters will ensure he is excellently positioned to assist the DMO in achieving its vital objectives, including fulfilling the government’s financing needs to the highest standards.
Gary Admans said:
I am delighted to be appointed to the Advisory Board of the DMO and look forward to helping the organisation deliver its financing mandate and other objectives. The DMO is recognised internationally for its market expertise and I will aim to use my financial and risk experience to allow the DMO to continue to flourish in the future.
About Gary Admans
Gary Admans is an experienced financial markets professional and team leader who, after a derivatives-based career in banking, moved to BP plc where he manages a Capital Markets and Banking Relations team and is a key member of their Treasury Leadership team. On joining BP, he initially worked in the Risk Management team managing BP’s foreign exchange exposures before moving to the Capital Markets team. Gary joined the Board of Metropolitan Thames Valley Housing in June 2022 where he is the Chair of the Treasury Committee.
Gary confirmed he has not engaged in any political activity in the last five years.
About the appointment process
The DMO is an executive agency of HM Treasury which is responsible for debt and cash management for the UK Government, lending to local authorities and managing certain public sector funds.
Gary Admans has been appointed following an open recruitment process run by HM Treasury. A panel comprising Dame Sue Owen (Non-Executive Chair, DMO Advisory Board), Martin Egan (a current Non-Executive Director of the DMO), Azin Roussos (Deputy Director, HM Treasury), and an external panel member Katherine Braddick (Group Head of Strategic Policy at Barclays and senior adviser to the Barclays CEO) interviewed a number of candidates and made recommendations to the Economic Secretary to the Treasury, which informed her decision.
