Regulation expert held wide range of senior positions

GOVERNMENT ADVISER:SIR ANDREW Large, the British financial regulation expert who has been asked to give advice on the selection of a new financial regulator, has held a wide range of senior finance positions, in both the private and public sectors.

He was deputy governor of the Bank of England from 2002-2006 and chairman of the precursor to the British Financial Services Authority, the Securities and Investments Board, from 1992 to 1997. He also served as deputy chairman of Barclays between 1998 and 2002 and on the management board of Swiss Bank Corporation from 1987 to 1989.

During his period at Barclays up until 2000, Sir Andrew was also chairman of Euroclear in Brussels, the global capital market’s leading international clearing and settlement entity.

He also served on the IMF’s capital markets consultative group between 1999 and 2002 and chaired a global study for the Group of 30 into the functioning of financial infrastructure in clearing and settlement.

He is a former chairman of MW TOPS Ltd, a quoted hedge fund which invests in funds managed by Marshall Wace. He was involved in efforts to get hedge funds to sign up to a code of governance.

He spent 20 years in investment banking, first with Orion Bank and then with Swiss Bank Corporation. He was the first non-Swiss national to be appointed to the executive board of a major Swiss bank, taking responsibility from 1987 to 1989 for its worldwide investment banking.