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Richard Heald OBE

Executive Chair

London, UK

Richard Heald
Hollie Haynes
Luminate Capital Partners
Andrew Heffernan
Beltology Ltd.

Richard Heald’s Biography

Richard Heald OBE is a highly respected expert in UK-Indian & Asian trade and serves as Executive Chair of the UK India Business Council (UKIBC).

He brings a wealth of experience and an extensive network of contacts to his role at UKIBC, a non-profit membership organisation established to promote trade and business relations between the UK and India. The UKIBC also supports the Department for International Trade (DIT) in working towards a UK-India Free Trade Agreement. In addition, the UKIBC offers its membership and clients consultancy and sector-focused policy advocacy in areas such as the digital economy, infrastructure, sustainable energy, healthcare, and retail.

Richard advises major corporates, trade bodies and governments internationally. He is a non-executive director at logistics company TVS SCS Ltd and is an Advisory Council Member of Essar Oil UK Ltd as well as on the Advisory Board of IndusFace Pvt Ltd, an Indian software company specialising in cybersecurity. He sits on the Panel of Experts at the India-UK Financial Partnership and is a member of the CBI’s International Trade & Investment Committee and is a DIT Midlands Investment Champion.

His knowledge and interest in blockchain technology led to his appointment as a non-executive director at the Abu Dhabi-based Anglo-Gulf Trade Bank, one of the world’s first global digital banks, from 2017 to 2020.

Before taking up his role at the UKIBC, Richard worked for Rothschild, latterly as Vice Chairman & Partner in South and SE Asia where he advised UK, Asian and Indian companies on capital raisings, M&A and the provision of debt and restructuring. He has over 30 years of experience in international financial markets.

Richard graduated from Exeter College, University of Oxford with a degree in Law.

In 2016 Richard was awarded an OBE for services to economic and trade relations between the UK and India.

Richard’s Newsfeed

UK India Business Council welcomes Government of India move to withdraw retrospective tax demands

UKIBC Chair, Richard Heald, said: “We at UKIBC believe this is a hugely positive step in promoting India as a progressive business environment. The UKIBC has been engaging with the Government of India on this topic for a long time."

India Blooms
Essar Oil UK announces the appointment of the advisory council to proliferate strategic leadership

Richard Heald OBE is mentioned in an article by India Blooms regarding his recent appointment as an Advisory Council Member of Essar Oil UK.

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Richard’s Background

UK India Business Council
Executive Chair
Sep 2020 - Present
London, UK
In September 2020 Richard was appointed Executive Chair of The UK India Business Council. The UKIBC brings together its shared knowledge to help establish and grow successful businesses across the UK and India.
UK India Business Council
Sep 2010 - Sep 2020
London, UK
The UK India Business Council was established in 2008 and works with businesses in both countries to increase and promote bilateral trade. The UKIBC provides UK businesses with the facilities and services needed to succeed in India.
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Richard’s Gallery

Current Board Positions

Non-Executive Director
Jan 2021 - Present
London, UK
Part of an Indian conglomerate (TVS Group) that focuses on logistics and blockchain technology.

Previous Board Positions

Banco BICE
Board Member
Founded in 1979, Banco BICE is a Chilean bank headquartered in Santiago. As well as traditional banking services, the bank specialises in foreign trade, the financing of investment projects and advisory services.
Anglo-Gulf Trade Bank
Non-Executive Director
2018 - 2020
Abu Dhabi, AE
The Anglo-Gulf Trade Bank is a digital corporate banking platform, rethinking the traditional approach to banking and ensuring a better connected banking network.

Current Advisory Roles

Essar Oil UK
Advisory Council Member
Jul 2021 - Present
Essar Oil UK, is part of Essar Group, an India multinational conglomerate and construction company. Essar Oil UK owns and operates the Stanlow Refinery situated near Liverpool and is a key player in the UK’s oil and chemical industry.
Indusface Pvt Ltd
Member of the Advisory Board
Vadodara, IN
A Tata-owned company focused on the development of cybersecurity in the financial services industry.
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Interview on CNBC-TV18
Jul 2021
Richard Heald is interviewed by CNBC-TV18 on how will India's move to end retrospective taxation be seen by foreign investors.
The Hindu Business Line
Jul 2021
Mumbai, IN
Richard Heald describes the UK-India ETP as a critical stepping stone to enhance trade.
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Special G7 Summit Rapporteur
Jun 2021
Richard wrote an article for an official G7 publication on the UK-India relationship and Prime Minister Modi’s participation at the G7 in June 2021.
There is a huge opportunity to move UK-India economic agenda forward in key areas
Jan 2021
Richard Heald, Group Chair of the UKIBC, writes: 'Both the UK and Indian governments have declared their joint ambition to work towards a UK India Free Trade Agreement via an enhanced trade partnership'.
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Awards & Endorsements

Queen's Birthday Honours logo Queen's Birthday Honours logo
Queen's Birthday Honours
Order of the British Empire
Dec 2016
London, UK
Richard was awarded the Order of the British Empire for services to UK India trade and economic relations.
100 UK India Most Influential People
May 2017
London, UK
Invest India, India's first point of contact for new investment, annually produces a list of business professionals who have made a significant impact on the financial market.

Specialist Courses

Saïd Business School, University of Oxford
Oxford Blockchain Strategy Programme
Oxford, UK

Charitable Interests

Exeter College, University of Oxford
Fundraising Committee
Oxford, UK

Richard’s Education

University of Oxford
BA Jurisprudence
1975 - 1978

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