Sir Douglas Arthur Lovelock, KCB (7 September 1923 – 30 July 2014) was an English civil servant and

Church of England The Church of England (C of E) is the established Christian church in England and the mother church of the international Anglican Communion. It traces its history to the Christian church recorded as existing in the Roman province of Britain ...

asset manager. Having entered the civil service in 1949, he served as Chairman of the

Board of Customs and Excise HM Customs and Excise (properly known as Her Majesty's Customs and Excise at the time of its dissolution) was a department of the British Government formed in 1909 by the merger of HM Customs and HM Excise; its primary responsibility was th ...

from 1978 to 1983, and then

First Church Estates Commissioner The Church Commissioners is a body which administers the property assets of the Church of England. It was established in 1948 and combined the assets of Queen Anne's Bounty, a fund dating from 1704 for the relief of poor clergy, and of the Eccle ...

from 1983 to 1993, also chairing the Central Board of Finance of the Church of England from 1983 to 1992. He attracted controversy when it emerged that there had been a £500m fall in value in the Church of England's property portfolio in 1989–90, owing to the decision to borrow to invest in commercial property investments in the mid-1980s before the market sunk and

interest rates An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited, or borrowed (called the principal sum). The total interest on an amount lent or borrowed depends on the principal sum, the interest rate, th ...

rose.Ruth Gledhill, "Church Financial Chief Admits Investment Mistakes", ''

The Times ''The Times'' is a British daily national newspaper based in London. It began in 1785 under the title ''The Daily Universal Register'', adopting its current name on 1 January 1788. ''The Times'' and its sister paper ''The Sunday Times'' (fou ...

'' (London), 1 April 1993, p. 2. .

References

{{DEFAULTSORT:Lovelock, Douglas 1923 births 2014 deaths English civil servants Knights Companion of the Order of the Bath Church Estates Commissioners