Clifford Philip Lockyer (born September 1949) is a British businessman who is the former Chief Executive of the now defunct
Berkeley Berry Birch plc (BBB) financial services group which collapsed in 2006 after a shortall in its capital adequacy of £11 million, After two years of investigation this was shown to be £20,000.
Early career
Lockyer had worked in the financial services industry since the 1970s. In 1984 he qualified as a "Top of the Table" member of the insurance sales organisation the
Million Dollar Round Table
The Million Dollar Round Table (MDRT) is a trade association formed in 1927 to help Insurance brokers and financial advisors establish best business practices and develop ethical and effective ways to increase client interest in financial product ...
.
The Berkeley group
Lockyer first founded a financial advisory firm under the Berkeley name in 1982. This subsequently grew into the Berkley Berry Birch Group following a
reverse takeover of the ailing Berry Birch & Noble group, which was quoted on the
London Stock Exchange.
Following trading problems and an investigation by the
Financial Services Authority
The Financial Services Authority (FSA) was a quasi-judicial body accountable for the financial regulation, regulation of the financial services industry in the United Kingdom between 2001 and 2013. It was founded as the Securities and Investmen ...
(FSA) into the firm's business practices, BBB was placed in Administration in 2006. The Administration of the company continues as of 2010.
Reports in the financial trade press that Lockyer was able to run a helicopter and that it was initially registered to the Eaton House head office of BBB in
Coventry caused some press comment, bearing in mind the poor state of BBB's finances. Lockyer replied that the helicopter was personally owned and run.
Retirement
Following the collapse of BBB, Lockyer announced that he was retiring from the Financial Services industry and he is now shown as inactive on the FSA database.
In 2009, Lockyer, along with several others, was attacked by a former policeman with a stake who was suffering from a mental illness. According to reports, the man confronted Lockyer and ordered him to "repent". Lockyer being trained to black belt in Wing Chun, Shotokan, Shaolin Boxing and Karate was able to defend himself with minimal injuries until the police took over.
In press reports Lockyer is referred to as the
Lord of the Manor but of which Manor is not stated.
See also
*
Clive Holmes
References
External links
*.
{{DEFAULTSORT:Lockyer, Clifford
British businesspeople
Living people
1949 births