Senior Fellow, Institute for New Economic Thinking; Former Chairman, Financial Services Authority
Lord Turner is a Senior Fellow at the Institute for New Economic Thinking, where he served as Chair from 2015-2019. He has been Chair of the Energy Transitions Commission since January 2016 and is also 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 Devil - Money, Credit and Fixing Global Finance (Princeton 2015).
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 greenhouse gas emissions by 2050.
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 Chartered 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.