David Cecil Clementi

Sir David Cecil Clementi is a former Deputy Governor of the Bank of England. He holds positions on the boards of several large corporations. In March 2008, he was announced as Warden of Winchester College.

In 2004, he carried out a task for the Department for Constitutional Affairs to review the regulatory framework of legal services in England and Wales, now known generally as the Clementi report.

Affiliations

• Arthur Andersen & Co (1970-1973)
• Kleinwort Benson Ltd (1975-1997); Director (1981-1994); Chief Executive (1994-1997); Vice Chairman; (1997) including advising HM Government on the privatisation in 1984 of British Telecom
• Bank of England, Deputy Governor (1997-2002)
• Prudential plc, Chairman (2002-2008)
• Thames Water plc, Non-executive Director (1997)
• Rio Tinto, Non-Executive Director and Chairman of the Audit Committee (2003-2010)
• The Mercers’ Company, Upper Warden (2005- )
• Investment Property Forum, President (2005- )
• World First Foreign Exchange, Senior Adviser (2006- )
• Foreign & Colonial Investment Trust, Non-executive Director (2008- )
• Financial Services Authority, Non-executive Director (September 1997-August 2002)
• Financial Reporting Council, Member (2003-2007)

Record and Controversies

Revolving Door

• Before joining the FSA, Clementi had worked at Kleinwort Benson (1975–97) and as Managing Director of KB Securities (1987–89). In 1997 he joined the Bank of England. He was subsequently appointed chairman of Prudential and a non-executive director of Rio Tinto plc.

Contact

Website:

This article is part of the Revolving Door project of Spinwatch.

Resources

• Bloomberg Businessweek, World First U.K. Ltd., accessed 19 February 2011.
• Debrett's, Sir David Clementi, accessed 23 February 2011.
• The Fishmongers' Company, SIR DAVID CLEMENTI, MA, FCA, MBA, undated, accessed 23 February 2011.