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is Director of the London School of Economics and Political Science. Prior to his current appointment he was Chairman of the Financial Services Authority, the UK’s single financial regulator in 1998. He had previously served for two years as Deputy Governor of the Bank of England after three years as Director General of the Confederation of British Industry. From 1987 to 1992 he was Controller of the Audit Commission. From 1982 to 1987 he worked for McKinsey & Company in London and during 1985–1986 was seconded to the Treasury as Special Adviser to the Chancellor of the Exchequer. He had previously worked at the Treasury and the Foreign and Commonwealth Office, including two years as Private Secretary to the British Ambassador in Paris. Since 2002 he has been a Trustee of the Tate. He is a member of the governing body, Royal Academy of Music; Patron of Working Families; and in 2004 was elected to an Honorary Fellowship at Merton College. In 2004 he joined the board of Morgan Stanley as a non-executive director.
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