Callum McCarthy
Sir Callum McCarthy | |
|---|---|
| Born | February 29, 1944 |
| Education | Manchester Grammar School; Merton College, Oxford (History); PhD in Economics, Stirling University; MSc, Stanford Graduate School of Business (Sloan Fellow) |
| Occupation(s) | Banker, Regulator |
| Known for | Chairman of the Financial Services Authority, Non-executive chairman of Promontory Financial Group UK branch |
Sir Callum McCarthy (born 29 February 1944) previously served as chairman of the Financial Services Authority and was also the non-executive chairman of the UK branch of Promontory Financial Group.[1][2]
Early life and education
McCarthy's education includes attendance at Manchester Grammar School followed by earning a history degree from Merton College, Oxford. He completed a PhD in economics at Stirling University and obtained a Master of Science from Stanford University's Graduate School of Business, where he was recognized as a Sloan Fellow.[1][3]
Career
Throughout his career, McCarthy has occupied significant positions in both governmental regulatory bodies and private enterprises:[4]
- 1965 – Began as an economics researcher at chemical firm ICI, a role he held for seven years.
- 1972–85 – Served in multiple capacities at the Department of Trade and Industry, including Principal Private Secretary to Secretaries of State Roy Hattersley and Norman Tebbit.[3]
- 1985 – Took on the role of Director of Corporate Finance at investment bank Kleinwort Benson.
- 1989 – Became Managing Director and Deputy Head of Corporate Finance at Barclays’ investment banking division, BZW; subsequently appointed CEO of Barclays Bank’s Japanese operations and later led its North American businesses.
- September 1998 – Named Director-General of gas regulator Ofgas by Peter Mandelson.Cite error: The opening
<ref>tag is malformed or has a bad name - 1999 – Advanced to Chief Executive of energy regulator Ofgem, managing efforts to enhance competition within gas and electricity sectors.[3]
- September 2003 – Assumed chairmanship of the Financial Services Authority (FSA).
- October 2008 – Joined the board of HM Treasury as a non-executive member.
- Present – Holds the position of non-executive chairman at Castle Trust.Cite error: The opening
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Personal life
He is married with three children and pursues beekeeping as a hobby.
In popular culture
In the 2011 movie Too Big to Fail, actor George Taylor depicts McCarthy.
References
- ↑ 1.0 1.1 Cite error: Invalid
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