Richard Broadbent
Encyclopedia
Sir Richard Broadbent KCB
(born 22 April 1953) is a British
businessman
based in the UK. He is currently Deputy Chairman and Senior Independent Director of Barclays plc where he also chairs the Remuneration Committee and sits on the Nominations Committee. Broadbent will become Chairman of Tesco
in November 2011.
, and completed a MA at Manchester University., He currently resides in London with his wife, Jill who practices as an Oral Surgeon.
in 1975. He spent ten years at the Treasury, including periods as Private Secretary to both Labour and Conservative party Ministers. He took up a Harkness Fellowship at Stanford Business School in the US in 1983 before joining Schroders
investment bank in London in 1986.
In 1995, he was appointed head of Schroder's European corporate finance business. In this role he led the development of Schroders UK and continental European investment banking business. In 1998, he was appointed global head of Corporate Finance and a member of the Group Executive Committee. He was based in New York until mid-1999 when he left Schroders prior to their sale to Citigroup.
He was appointed Executive Chairman of Her Majesty's Customs and Excise
in February 2000 until July 2003 prior to its merger with HM Inland Revenue
. During this time, he was responsible for a programme of change management in tax and law enforcement. He was also a member of the Civil Service Management Board.
He was appointed to the Board of Barclays plc in September 2003, becoming Senior Independent Director in September 2004. He chaired the Board Risk Committee from 2006 to 2010 and was appointed Deputy Chairman in 2010.
In July 2004, he was appointed to the Board of Arriva
, a European passenger transport business, taking over as non-executive Chairman in November 2004. He stepped down from the Board of Arriva in August 2010, when the company was sold to Deutsche Bahn
.
He is a member of the Securities Institute and was a non-executive Director of the Securities Institute between 1995–97. He was knighted in the Birthday Honours list in 2003.
He is member of the Council of Relate
, the relationship charity and Chairman of the GSB Trust. He is also a Partner of the Centre for Compassionate Communication.
Order of the Bath
The Most Honourable Order of the Bath is a British order of chivalry founded by George I on 18 May 1725. The name derives from the elaborate mediæval ceremony for creating a knight, which involved bathing as one of its elements. The knights so created were known as Knights of the Bath...
(born 22 April 1953) is a British
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
businessman
Businessperson
A businessperson is someone involved in a particular undertaking of activities for the purpose of generating revenue from a combination of human, financial, or physical capital. An entrepreneur is an example of a business person...
based in the UK. He is currently Deputy Chairman and Senior Independent Director of Barclays plc where he also chairs the Remuneration Committee and sits on the Nominations Committee. Broadbent will become Chairman of Tesco
Tesco
Tesco plc is a global grocery and general merchandise retailer headquartered in Cheshunt, United Kingdom. It is the third-largest retailer in the world measured by revenues and the second-largest measured by profits...
in November 2011.
Early and personal life
Born in 1953, he studied at Queen Mary, University of LondonQueen Mary, University of London
Queen Mary, University of London is a public research university located in London, United Kingdom and a constituent college of the federal University of London...
, and completed a MA at Manchester University., He currently resides in London with his wife, Jill who practices as an Oral Surgeon.
Career
Broadbent joined HM TreasuryHM Treasury
HM Treasury, in full Her Majesty's Treasury, informally The Treasury, is the United Kingdom government department responsible for developing and executing the British government's public finance policy and economic policy...
in 1975. He spent ten years at the Treasury, including periods as Private Secretary to both Labour and Conservative party Ministers. He took up a Harkness Fellowship at Stanford Business School in the US in 1983 before joining Schroders
Schroders
Schroders plc is a British multinational asset management company with over 200 years of experience in the world's financial markets. The company employs 2,905 people worldwide who are operating from 32 offices in 25 different countries around Europe, America, Asia and the Middle East...
investment bank in London in 1986.
In 1995, he was appointed head of Schroder's European corporate finance business. In this role he led the development of Schroders UK and continental European investment banking business. In 1998, he was appointed global head of Corporate Finance and a member of the Group Executive Committee. He was based in New York until mid-1999 when he left Schroders prior to their sale to Citigroup.
He was appointed Executive Chairman of Her Majesty's Customs and Excise
Her Majesty's Customs and Excise
HM Customs and Excise was, until April 2005, a department of the British Government in the UK. It was responsible for the collection of Value added tax , Customs Duties, Excise Duties, and other indirect taxes such as Air Passenger Duty, Climate Change Levy, Insurance Premium Tax, Landfill Tax and...
in February 2000 until July 2003 prior to its merger with HM Inland Revenue
Inland Revenue
The Inland Revenue was, until April 2005, a department of the British Government responsible for the collection of direct taxation, including income tax, national insurance contributions, capital gains tax, inheritance tax, corporation tax, petroleum revenue tax and stamp duty...
. During this time, he was responsible for a programme of change management in tax and law enforcement. He was also a member of the Civil Service Management Board.
He was appointed to the Board of Barclays plc in September 2003, becoming Senior Independent Director in September 2004. He chaired the Board Risk Committee from 2006 to 2010 and was appointed Deputy Chairman in 2010.
In July 2004, he was appointed to the Board of Arriva
Arriva
Arriva plc is a multinational public transport company owned by Deutsche Bahn and headquartered in Sunderland, United Kingdom. It has bus, coach, train, tram and waterbus operations in 12 countries across Europe, employs more than 47,500 people and services over 1.5 billion passenger journeys each...
, a European passenger transport business, taking over as non-executive Chairman in November 2004. He stepped down from the Board of Arriva in August 2010, when the company was sold to Deutsche Bahn
Deutsche Bahn
Deutsche Bahn AG is the German national railway company, a private joint stock company . Headquartered in Berlin, it came into existence in 1994 as the successor to the former state railways of Germany, the Deutsche Bundesbahn of West Germany and the Deutsche Reichsbahn of East Germany...
.
He is a member of the Securities Institute and was a non-executive Director of the Securities Institute between 1995–97. He was knighted in the Birthday Honours list in 2003.
He is member of the Council of Relate
Relate
Relate is a charity providing relationship support throughout the United Kingdom. Services include counselling for couples, families, young people and individuals, sex therapy, mediation and training courses....
, the relationship charity and Chairman of the GSB Trust. He is also a Partner of the Centre for Compassionate Communication.
Other references
- http://investing.businessweek.com/businessweek/research/stocks/people/person.asp?personId=8201736&ticker=BARC:LN&previousCapId=323899&previousTitle=BARCLAYS%20PLC