David Walker (banker)
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Sir David Alan Walker (born 31 December 1939) is a British banker and former chairman of
Barclays Barclays () is a British multinational universal bank, headquartered in London, England. Barclays operates as two divisions, Barclays UK and Barclays International, supported by a service company, Barclays Execution Services. Barclays traces ...
. He was chairman of
Morgan Stanley Morgan Stanley is an American multinational investment management and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in more than 41 countries and more than 75,000 employees, the fir ...
International from 1995 to 2001, and 2004 to 2005, and remains a senior advisor. Walker was previously Assistant Secretary at the Treasury (1974–77), chairman of the
Securities and Investments Board The Financial Services Authority (FSA) was a quasi-judicial body accountable for the regulation of the financial services industry in the United Kingdom between 2001 and 2013. It was founded as the Securities and Investments Board (SIB) in 1985 ...
(1988–92), executive director for finance and industry at the
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 to act as the English Government's banker, and still one of the bankers for the Government o ...
(1989–95) and deputy chairman of
Lloyds TSB Lloyds Bank plc is a British retail and commercial bank with branches across England and Wales. It has traditionally been considered one of the " Big Four" clearing banks. Lloyds Bank is the largest retail bank in Britain, and has an exte ...
(1992–94). In 1994 he also joined the Washington-based financial advisory body, the
Group of Thirty The Group of Thirty, often abbreviated to G30, is an international body of 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 sect ...
. In 2007, Walker was commissioned by the UK
private equity In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a t ...
industry to produce guidelines for disclosure and transparency in private equity. On 9 February 2009, he was appointed to lead a government enquiry into banks' corporate governance; the appointment was criticised. On 9 August 2012, he was appointed Chairman of Barclays effective 1 November. On 1 July 2015, Sir David Walker was appointed to global investment manager, Winton Capital Group, as its non-executive chairman to support the group’s ambition of becoming a global institutional asset-management group.


Personal life

Walker was educated at Chesterfield School and
Queens' College, Cambridge Queens' College is a constituent college of the University of Cambridge. Queens' is one of the oldest colleges of the university, founded in 1448 by Margaret of Anjou. The college spans the River Cam, colloquially referred to as the "light s ...
(hon. fellow 1989; double first, economics). He married Isobel Cooper in 1963; they have one son and two daughters. Walker was knighted in 1991.


Career

Walker joined HM Treasury in 1961, and was private secretary to the joint permanent secretary from 1964–66. He served on the staff of the
International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster glo ...
in Washington from 1970–73, and was assistant secretary in HM Treasury from 1973–77. Walker joined the Bank of England as chief adviser and chief of the economic intelligence department in 1977 and was a director from 1981–93 (1988–93 as a non-executive). He chaired Johnson Matthey Bankers (later Minories Finance) from 1985–88, and was president of the Old Cestrefeldians' Society from 1986–88. Walker held positions with the SIB from 1988–92 and the Agricultural Mortgage Corporation from 1993–94, and was deputy chair of
Lloyds Bank Lloyds Bank plc is a British retail and commercial bank with branches across England and Wales. It has traditionally been considered one of the " Big Four" clearing banks. Lloyds Bank is the largest retail bank in Britain, and has an exte ...
from 1992–94. He was a director at Morgan Stanley from 1994–97, executive chair of Morgan Stanley Group (Europe)—later Morgan Stanley Dean Witter (Europe)—from 1994–2000, chair of Morgan Stanley International from 1995–2000 and on the management board of Morgan Stanley Dean Witter from 1997–2000. Walker chaired the steering committee of the Financial Markets Group on the
London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...
(LSE) from 1986–93, and served on the board of the
Central Electricity Generating Board The Central Electricity Generating Board (CEGB) was responsible for electricity generation, transmission and bulk sales in England and Wales from 1958 until privatisation of the electricity industry in the 1990s. It was established on 1 Janu ...
(CEGB) from 1987–89. He has chaired the
Russian Venture Company RVC (russian: Rossijskaja Venchurnaja Kompanija) (JSC) is a state fund of funds and a development institute of the Russian Federation, one of Russia's key tools in building its own national innovation system. RVC is founded by Russian Government ...
(RVC) Greenhouse Fund since 1999, and was non-executive director at
National Power National power is defined as the sum of all resources available to a nation in the pursuit of national objectives. Assessing the national power of political entities was already a matter of relevance during the classical antiquity, the middle ages ...
in 1990 and from 1993–94. Walker was also associated with
British Invisibles International Financial Services, London, usually shortened to just IFSL, was a private-sector organisation which promoted British financial services. It was merged into a new promotional organisation, TheCityUK, in 2010. It was formerly known ...
from 1993–97 and Reuters Holdings from 1994–2000. He was a nominated member of the Council of Lloyd’s from 1988–92, chairing the 1992 inquiry into the LMX Spiral, 1992. Walker has been associated with the Legal & General Assurance Co. since 2002, and has been its vice-chair since 2004. He has been a member of the
Group of Thirty The Group of Thirty, often abbreviated to G30, is an international body of 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 sect ...
since 1993, its treasurer since 1998 and a trustee since 2007. Walker chaired the London Investment Bankers' Association from 2002–04. He belonged to the Moroccan British Business Council from 2000–07, and has been a chairman of the University of Cambridge 800th Anniversary Campaign since 2005. Walker was a governor of Henley Management College from 1993–99 and chaired Community Links, an East End charity. He received an honorary
LL.D. Legum Doctor (Latin: “teacher of the laws”) (LL.D.) or, in English, Doctor of Laws, is a doctorate-level academic degree in law or an honorary degree, depending on the jurisdiction. The double “L” in the abbreviation refers to the early ...
degree from the
University of Exeter , mottoeng = "We Follow the Light" , established = 1838 - St Luke's College1855 - Exeter School of Art1863 - Exeter School of Science 1955 - University of Exeter (received royal charter) , type = Public , ...
in 2002. Sir David is also the Chairman of Financial Blockchain Start-u
SETL Ltd
(2015 - Present)


References


External links


Collected Articles at the ''Guardian''
{{DEFAULTSORT:Walker, David 1939 births Living people People from Derbyshire Alumni of Queens' College, Cambridge Fellows of King's College London English bankers Chairmen of Barclays Knights Bachelor Businesspeople awarded knighthoods British chairpersons of corporations