Vickerstaff spent a decade at the Societe Generale bank where he led teams in advisory, banking, equity investment and the capital markets, including for clients with major infrastructure projects.
His most recent post was as head of impact investment banking at ClearlySo.
The IPA is part of the Cabinet Office and provides the government with expertise in the financing and delivery of large infrastructure projects.
Vickerstaff will have direct responsibility for the ‘PF2’ policy, the successor to the private finance initiative, as well as the UK Guarantees Scheme and the IPA’s international team.
Welcoming the appointment, chief secretary to the Treasury David Gauke said: “Matthew’s proven experience and commercial expertise will help the UK attract additional infrastructure investment by bringing the private sector on board.”