The finance director at a trust facing a multibillion pound private finance initiative bill has resigned.

A spokesman for Barts and the London Trust told HSJ Andrew Holden was leaving to take up another post in the NHS, which has not been disclosed.

Mr Holden had been interim director of finance and investment at the trust since October 2007.

His resignation is the third from the trust’s board in just over a year. Last February Julian Nettel left the chief executive post. He was followed by trust chair Keith Palmer, who left in December.

The trust’s latest finance report in March predicted it would end the financial year with a surplus of £12.3m, against a target of £10.6m.

Local commissioners had mounted a £10m challenge to that as the trust had carried out more elective and outpatient work than agreed in the original contract, but in a statement the trust said an “agreement acceptable to both parties” had now been reached.  

“We will be returning a year-end surplus, more than meeting our statutory break-even duty,” the statement said.

But an NHS London finance report last month reported that Barts had “significant under-achievement” against planned cost savings of £5.6m.

The latest Treasury figures show the trust is due to start paying for its £1bn new hospital in April 2013, with annual payments of around £100m.

After 35 years, its private finance payments are predicted to top £5bn.

The new hospital has not been formally opened yet.