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Update: Market Chatter: Shell Exec to Reportedly Lead UK's Investment Office

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(Updates to add Shell's statement)

Energy giant Shell (SHEL.L, SHELL.AS) UK operations Chair Parminder Kohli will reportedly be appointed as the chief executive of the UK government's Office for Investment.

Sky News reported Wednesday, citing sources familiar with the matter, that Kohli's appointment is in the final stages. If approved, he will succeed outgoing Director General Ceri Smith to lead the agency tasked with driving growth, job creation, and increased productivity across the UK.

Shell toldit was unable to provide a comment on the matter.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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