Difference between revisions of "John Kingman"
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| − | '''John Kingman''' is CEO of [[UK Financial Investments]] (UKFI), the body set up in late 2008 to manage the Government's investments in Britain's banks | + | {{Template:Revolving Door badge}} |
| + | '''John Kingman''' is the second permanent secretary at [[HM Treasury]], having previously been the managing director at [[N M Rothschild & Sons|NM Rothschild & Sons Ltd]] and the CEO of [[UK Financial Investments]] ([[UKFI]]), the body set up in late 2008 to manage the Government's investments in Britain's banks.<ref>[http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/4561354/John-Kingman-and-Glen-Moreno-to-appear-before-MPs.html John Kingman and Glen Moreno to appear before MPs], Telegraph 08 Feb 2009</ref> | ||
==Career== | ==Career== | ||
| − | Kingman | + | Kingman played a major part in the rescue of [[Northern Rock]] in 2007 and the banking bail-outs of 2008 before being seconded to the [[UKFI]].<ref> Simon Watkins [http://www.dailymail.co.uk/news/article-1229958/Fury-credit-crunch-civil-servant-lands-Rothschild-job.html Fury as credit crunch civil servant lands Rothschild job] ''The Daily Mail'', 22 November 2009, accessed 27 November 2014 </ref> |
| + | |||
| + | In December 2009 it was approved that Kingman would become the managing director of [[N M Rothschild & Sons|NM Rothschild & Sons Ltd]] in March 2010. [[ACOBA]] approved the move "subject to the automatic three-month waiting period from his last day of service and the conditions that, for 12 months from the same date, he should not advise [[UKFI]], [[Royal Bank of Scotland]], [[Lloyds Banking Group]], [[Northern Rock]] or [[Bradford & Bingley]], or be personally involved in lobbying UK Government Ministers or Crown servants, including Special Advisers, the [[Financial Services Authority]] or the [[Bank of England]] on behalf of his new employer or their clients".<ref> [http://acoba.independent.gov.uk/media/20565/acobaeleventhreport2009-2010.pdf Eleventh Report 2009-2010] ''Advisory Committee on Business Appointments'', accessed 27 November 2014 </ref> | ||
| + | |||
| + | In September 2012 it was announced Kingman would be leaving [[N M Rothschild & Sons|NM Rothschild & Sons Ltd]] and would returning to the public sector as the second permanent secretary at [[HM Treasury]], with responsibility for the economics functions, particularly growth, financial services, and infrastructure.<ref> David Thomas [http://www.efinancialnews.com/story/2012-09-12/john-kingman-former-ukfi-boss-returns-to-the-treasury?ea9c8a2de0ee111045601ab04d673622 Rothschild head returns to HM Treasury] ''Financial News'', 12 September 2012, accessed 27 November 2014 </ref> | ||
==References== | ==References== | ||
<references/> | <references/> | ||
| − | [[Category: Financial sector lobbying]] | + | [[Category: Financial sector lobbying|Kingman, John]][[Category:Revolving Door|Kingman, John]][[Category:ACOBA|Kingman, John]] |
Revision as of 15:09, 27 November 2014
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This article is part of the Revolving Door project of Spinwatch. |
John Kingman is the second permanent secretary at HM Treasury, having previously been the managing director at NM Rothschild & Sons Ltd and the CEO of UK Financial Investments (UKFI), the body set up in late 2008 to manage the Government's investments in Britain's banks.[1]
Career
Kingman played a major part in the rescue of Northern Rock in 2007 and the banking bail-outs of 2008 before being seconded to the UKFI.[2]
In December 2009 it was approved that Kingman would become the managing director of NM Rothschild & Sons Ltd in March 2010. ACOBA approved the move "subject to the automatic three-month waiting period from his last day of service and the conditions that, for 12 months from the same date, he should not advise UKFI, Royal Bank of Scotland, Lloyds Banking Group, Northern Rock or Bradford & Bingley, or be personally involved in lobbying UK Government Ministers or Crown servants, including Special Advisers, the Financial Services Authority or the Bank of England on behalf of his new employer or their clients".[3]
In September 2012 it was announced Kingman would be leaving NM Rothschild & Sons Ltd and would returning to the public sector as the second permanent secretary at HM Treasury, with responsibility for the economics functions, particularly growth, financial services, and infrastructure.[4]
References
- ↑ John Kingman and Glen Moreno to appear before MPs, Telegraph 08 Feb 2009
- ↑ Simon Watkins Fury as credit crunch civil servant lands Rothschild job The Daily Mail, 22 November 2009, accessed 27 November 2014
- ↑ Eleventh Report 2009-2010 Advisory Committee on Business Appointments, accessed 27 November 2014
- ↑ David Thomas Rothschild head returns to HM Treasury Financial News, 12 September 2012, accessed 27 November 2014
