Adair Turner
UK Government's Supremo on Environment and Financial Regulation
About Adair
Adair took up two crucial appointments in the UK in 2008. He was appointed Chairman of the UK Government's Climate Change Committee and Chairman of the FSA, the regulatory body that oversees the financial services industry in the UK. Adair is essentially the UK Governments supremo on both the environment and financial regulation. He was formerly Director General of the Confederation of British Industry and Vice Chairman of the investment bank Merrill Lynch.Read More
Adair Turner (Lord Turner) is Chairman of the Financial Services Authority, the regulatory body which oversees the financial services industry in the UK. He is also Chairman of the UK Government's Climate Change Committee.In March 2009 the FSA produced a report recommending a revamp of global banking regulation in response to the credit crunch and collapse of global banking luquidity. Adair Turner will lead the FSA as it wrestles with the challenge of rebuilding a tarnished reputation and negotiates changes to the regulatory regime.
The former McKinsey director is seen by many in the industry as a positive mix of industry experience and political nous, key to the FSA as the UK reviews its system for sharing financial regulation between the FSA, the Bank of England and the Treasury, and on the international stage.
Adair Turner is also Chairman of the Overseas Development Institute. He is a Visiting Professor at the London School of Economics and at Cass Business School, City University. He became a cross-bench member of the House of Lords in 2005. He was Chairman of the Pensions Commission from 2003 - 2006, and of the Low Pay Commission from 2002 - 2006. His book 'Just Capital - The Liberal Economy', was published by Macmillan in 2001. Until September 2008 Adair Turner was a non-executive Director at Standard Chartered Bank; from 2000-2006 he was Vice-Chairman of Merrill Lynch Europe, and from 1995-99, Director General of the Confederation of British Industry. Prior to that, between 1992 and 1995, he built the McKinsey's practice in Eastern Europe and Russia as a Director.
Adair Turner is also trustee of the World Wildlife Fund UK, Chairman of the Centre for Sustainable Investment and Vice-Chairman of Britain in Europe, the leading pro-euro lobby group. Adair is a trustee of the World Wildlife Fund UK, Chairman of the Centre for Sustainable Investment and Vice-Chairman of Britain in Europe, the leading pro-euro lobby group.
