Duignan is on the advisory boards of Tate & Lyle Ventures – the venture arm of the group, which invests in global food ingredients and food technology – and Active Private Equity, which invests in the European consumer sector.
‘Extensive industry experience’
Finsbury said Duignan, who founded the specialist food and drink investment bank Stamford Partners in the mid-1990s, will bring “extensive industry experience” to the role.
He retired from Stamford Partners in 2012, but during his time there its clients included Unilever, Nestlé, Mars, Pepsico, United Biscuits, Best Foods, Innocent and a range of private equity firms.
John Duffy, chief executive of the Finsbury Food Group, claimed that Buignan’s appointment would put growth firmly back on the agenda for Finsbury.
"The significant track record that Raymond has in not only the consumer and food industries, but also the banking sector will be a significant asset at this point in Finsbury’s development,” he added.