Chairman of the Governing Board, Institute for New Economic Thinking
Lord Turner has been Chair of the Institute for New Economic Thinking since 2015 and Chair of the Energy Transitions Commission since January 2016. He is also currently the Chair of the European subsidiary board of Chubb, the world’s largest property and casualty insurer and is a non executive director of Prudential plc,a major global life insurer. He is the author of Between Debt and the Devel - Money, Credit and Fixing Global Finance (Princeton 2015) which has now been published in English, Chinese, Japanese, French and Portuguese, and will soon also be translated into Korean.
From September 2008 until 2013, Lord Turner chaired the UK’s Financial Services Authority, and played a leading role in the post crisis redesign of global banking and shadow banking regulation as Chairman of the International Financial Stability Board’s major policy committee. He was also during that time Chair of the UK Climate Change Committee, which is charged with ensuring that the UK achieves an 80% reduction in green house gas emissions by 2050.
Lord Turner’s career has spanned business, public policy and academia.
He was at McKinsey&Co consultants from 1982-95, building McKinsey’s practice in East Europe and Russia in the early 1990s, and was Director General of the Confederation of British Industry from 1995-2000. He was Vice-Chairman of Merrill Lynch Europe (2000-06) and a Non-Executive Director of a number of companies, including Standard Charteredd plc (2006-08).
He became a cross-bench member of the British House of Lords in 2005 and chaired a Commission on the future of UK pensions policy from 2003-06; he also chaired (2002-06) the Low Pay Commission, which sets Britain’s national minimum wage.
He is Senior Fellow at the Centre for Financial Studies (Frankfurt); a visiting professor at the London School of Economics and at Cass Business School, London; a Visiting Fellow at the People’s Bank of China School of Finance, Tsinghua University (Beijing); and Visiting Professor at the International Center for Islamic Finance (INCEIF) in Kuala Lumpur. He is a frequent lecturer on global macro economic, social and environmental developments , and writes a monthly column for Project Syndicate, which appears in multiple newspapers across the world.
Adair Turner has written two other books Just Capital- the liberal economy (Macmillan 2001) and Economics after the Crisis (MIT 2012) which has also been published in Chinese. He is an honorary fellow of The Royal Society UK Royal College of Physicians.