Lord (Adair) Turner

Senior Fellow, Institute of New Economic Thinking

Biography

Adair Turner has combined careers in business, public policy and academia. He became Chairman of the UK Financial Services Authority as the financial crisis broke in September 2008, and played a leading role in the redesign of the global banking and shadow banking regulation as Chairman of the International Financial Stability Board’s major policy committee. He became a Senior Fellow of the Institute for New Economic Thinking in 2013, and Chairman of their Governing Body from April 2015. He is also a Senior Fellow at the Centre for Financial Studies in Frankfurt, and as of recently, a member of the Advisory Council at the People’s Bank of China School of Finance, Tsighua University (Beijing)

Prior to 2008 Lord Turner was a non-executive Director at Standard Chartered Bank (2006-2008); Vice-Chairman of Merrill Lynch Europe (2000-2006); and from 1995-1999, Director General of the Confederation of British Industry. He was with McKinsey & Co. from 1982 to 1995.

Adair became a cross-bench member of the House of Lords in 2005 and was the Chairman of the Climate Change Committee from 2008 to 2012; he also chaired the Pensions Commission from 2003 to 2006, and the Low Pay Commission from 2002 to 2006.

He is the author of ‘Just Capital – The Liberal Economy’ (Macmillan, 2001), and ‘Economics after the Crisis, (MIT Press, 2012). His new book, Between Debt and the Devil: Money, Credit and Fixing Global Finance, will be published by MIT Press in the autumn 2015.

Adair holds Visiting Professorships at the London School of Economics and at Cass Business School, and City University. He is a Trustee and Chair of the Audit Committee at the British Museum.

Lord Turner studied History and Economics at Caius College, Cambridge.

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