Sir David Walker
Encyclopedia
Sir David Alan Walker a British banker, was the chairman of Morgan Stanley
International. He remains a senior advisor to that firm.
He was chairman from 1995 to 2001, and then again from 2004 to 2005.
He had previously held the positions of Assistant Secretary at the Treasury, (1974–77), chairman of the Securities and Investments Board (1988–92), Executive Director for finance and industry at the Bank of England
(1989–95), and Deputy Chairman of Lloyds TSB
(1992–94). In 1994 Walker also joined the influential Washington-based financial advisory body, the Group of Thirty
.
In 2007 Walker was commissioned by the UK private equity
industry to produce guidelines for disclosure and transparency in private equity.
On 9th Feb 2009 he was appointed to lead a Government
enquiry into banks' corporate governance. The appointment was criticised.
Executive Chairman, 2004–05, and Senior Adviser, 2001–04 and since 2006, Morgan Stanley International plc (formerly Ltd)
(MA; Hon. Fellow, 1989, double first Economics). Married 1963, Isobel Cooper; one s two d. Knighted 1991.
Morgan Stanley
Morgan Stanley is a global financial services firm headquartered in New York City serving a diversified group of corporations, governments, financial institutions, and individuals. Morgan Stanley also operates in 36 countries around the world, with over 600 offices and a workforce of over 60,000....
International. He remains a senior advisor to that firm.
He was chairman from 1995 to 2001, and then again from 2004 to 2005.
He had previously held the positions of Assistant Secretary at the Treasury, (1974–77), chairman of the Securities and Investments Board (1988–92), Executive Director for finance and industry at the Bank of England
Bank of England
The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694, it is the second oldest central bank in the world...
(1989–95), and Deputy Chairman of Lloyds TSB
Lloyds TSB
Lloyds TSB Bank Plc is a retail bank in the United Kingdom. It was established in 1995 by the merger of Lloyds Bank, established in Birmingham, England in 1765 and traditionally considered one of the Big Four clearing banks, with the TSB Group which traces its origins to 1810...
(1992–94). In 1994 Walker also joined the influential Washington-based financial advisory body, the Group of Thirty
Group of Thirty
The Group of Thirty, often abbreviated to G30, is an international body of leading financiers and academics which aims to deepen understanding of economic and financial issues and to examine consequences of decisions made in the public and private sectors related to these issues...
.
In 2007 Walker was commissioned by the UK private equity
Private equity
Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....
industry to produce guidelines for disclosure and transparency in private equity.
On 9th Feb 2009 he was appointed to lead a Government
Government
Government refers to the legislators, administrators, and arbitrators in the administrative bureaucracy who control a state at a given time, and to the system of government by which they are organized...
enquiry into banks' corporate governance. The appointment was criticised.
Executive Chairman, 2004–05, and Senior Adviser, 2001–04 and since 2006, Morgan Stanley International plc (formerly Ltd)
Private life
Educated Chesterfield School; Queens' College, CambridgeQueens' College, Cambridge
Queens' College is a constituent college of the University of Cambridge, England.The college was founded in 1448 by Margaret of Anjou , and refounded in 1465 by Elizabeth Woodville...
(MA; Hon. Fellow, 1989, double first Economics). Married 1963, Isobel Cooper; one s two d. Knighted 1991.
Career
- Joined HM Treasury, 1961;
- Private Secretary to Joint Permanent Secretary, 1964–66;
- seconded to Staff of International Monetary FundInternational Monetary FundThe International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...
, Washington, 1970–73; - Asst Secretary, HM Treasury, 1973–77;
- joined Bank of England as Chief Adviser, then Chief of Economic Intelligence Dept, 1977; a Director, 1981–93 (non-executive, 1988–93);
- Chairman: Johnson Matthey Bankers, later Minories Finance, 1985–88;
- SIBFinancial Services AuthorityThe Financial Services Authority is a quasi-judicial body responsible for the regulation of the financial services industry in the United Kingdom. Its board is appointed by the Treasury and the organisation is structured as a company limited by guarantee and owned by the UK government. Its main...
, 1988–92; - Agricultural Mortgage Corp., 1993–94;
- Deputy Chairman, Lloyds Bank plcLloyds TSBLloyds TSB Bank Plc is a retail bank in the United Kingdom. It was established in 1995 by the merger of Lloyds Bank, established in Birmingham, England in 1765 and traditionally considered one of the Big Four clearing banks, with the TSB Group which traces its origins to 1810...
, 1992–94; - Director, Morgan Stanley Inc., 1994–97;
- Executive Chairman, Morgan Stanley Group (Europe) plc, subsequently Morgan Stanley Dean Witter (Europe) Ltd, 1994–2000;
- Chairman, Morgan Stanley International Inc., 1995–2000;
- Member, Management Board, Morgan Stanley Dean Witter, 1997–2000.
- Chairman: Steering Group, Financial Markets Group, LSE, 1986–93;
- Review of Disclosure and Transparency in Private Equity, 2007–. Bd Member, CEGBCEGBThe Central Electricity Generating Board was the cornerstone of the British electricity industry for almost 40 years; from 1957, to privatisation in the 1990s....
, 1987–89; - Chairman, RVC Greenhouse Fund, 1999–;
- non-executive Director: National PowerNational Power- History :National Power was formed following the privatisation of the UK electricity market in 1990. In England and Wales the Central Electricity Generating Board, which was responsible for the generation and transmission of electricity was split into three generating companies Powergen, National...
, 1990, 1993–94; - British Invisibles, 1993–97;
- Reuters HoldingsReutersReuters is a news agency headquartered in New York City. Until 2008 the Reuters news agency formed part of a British independent company, Reuters Group plc, which was also a provider of financial market data...
, 1994–2000; - Nominated Mem., Council of Lloyd’s, 1988–92 (Chm., Inquiry into LMX Spiral, 1992).
- Legal & General Assurance Co.Legal & GeneralLegal & General Group Plc , commonly known as Legal & General, is a multinational financial services company headquartered in London, United Kingdom. Its products include life insurance, general insurance, pensions and investments. It has operations in the United Kingdom, Egypt, France, Germany,...
, 2002– (Vice-Chairman, 2004–). Member, 1993–, Treasurer, 1998–, and Trustee, 2007–, The Group of Thirty. - Chairman: London Investment Bankers' Association, 2002–04;
- Moroccan British Business Council, 2000–07. Nominated Member, Council of Lloyd's, 1988–92 (Chairman, Inquiry into LMX Spiral, 1992).
- UK Co. Chairman, University of Cambridge 800th Anniversary Campaign, 2005–.
- Governor, Henley Management College, 1993–99.
- Chairman, Community Links, East End charity. FRSA 1987;
- CCMI (CBIM 1986).
- Hon. LLD Exeter, 2002
External links
- Debrett's People of Today
- Who's Who 2008