Ricardo Plc, a global engineering consultancy, has announced the appointment of Tim Farazmand as a non-executive director.

Farazmand has spent 30 years in private equity and was a managing director at LDC, the private equity arm of Lloyds Bank, for 12 years. He previously worked at 3i Group plc for 7 years and Royal Bank of Scotland Private Equity for 8 years.

Farazmand is chair of the board at GK Strategy. He also chairs the Palatine Impact Fund and is co-founder of PCB Partners. Previously an independent non-executive director of the Ethical Property Company, he was on the board of impact investment bank ClearlySo, which he co-founded. He chaired the investment committee for Big Issue Invest.

Mark Clare, Ricardo’s chair, said: “The board is delighted that Tim has agreed to join Ricardo as a non-executive director. Tim brings 30 years’ experience in mid-market private equity with a focus on M&A which will be invaluable to Ricardo. On behalf of the board, I would like to welcome Tim to Ricardo.”

Ricardo is involved in many projects worldwide, including the delivery of the UK Sustainable Aviation Fuels (SAF) Clearing House.