Group Chief Executive, Lloyds Banking Group
Known to his staff as Horta or AHO, Portuguese-born banker Horta-Osório joined Lloyds in 2011 as an executive director and was made CEO in less than two months. Despite the ongoing fallout from 2008's public bailout, and in the face of billions of pounds of PPI claims, he has steered Lloyds to more stable ground, and in 2015 it resumed paying dividends for the first time in six years. Horta-Osório graduated from university in Lisbon before completing further study at INSEAD (winning the Henry Ford II Prize for the best student in the year), and Harvard Business School. He joined Citibank in Portugal where he became vice president and head of capital markets, and went on to senior roles at Goldman Sachs and Santander prior to joining Lloyds. He was awarded the Euromoney Best Banker Award in 2013.
CEO, Standard Chartered
Until taking the top job at Standard Chartered in 2015, American banker Bill Winter had been regarded as a perpetual bank CEO candidate since his departure from JPMorgan in 2009, where he was co-head of its investment bank. He saw JPMorgan double its investment banking profits and was well regarded by colleagues, with his successor describing the task of following him as 'not hard: it's impossible'. In 2011 Winters founded hedge fund Renshaw Bay, and since his arrival at Standard Chartered he has set about implementing reforms, including cutting costs, halving its dividend and reducing risks imposed by new customers. Born in Connecticut, Winters studied at Colgate University and the University of Pennsylvania's Wharton School, and has dual US and UK citizenship.
Partner, Permira
Cheryl Potter has been a partner at global investment firm Permira for ten years, and she heads up its consumer sector team, working on transactions involving high street businesses such as New Look, Homebase and Dr Martens. Potter is also a non-executive director at frozen foods company Iglo, having worked on its separation from Unilever. Prior to joining Permira in 1999, Potter was an investment manager with Royal Bank Development Capital, and she worked for Arthur Andersen for six years in Manchester and London. She was nominated for Private Equity Manager of the Year at the City AM Awards in 2015.
Deputy Governor, Bank of England
Economist Nemat Shafik, also known by her nickname Minouche, became deputy governor of markets and banking at the Bank of England in 2014. She has responsibility for reshaping the bank's operations and balance sheet, leading the exit from quantitative easing, and also sits on the monetary policy committee. Shafik's stellar CV includes three years as permanent secretary at the Department for International Development before she joined the IMF as deputy managing director, overseeing Europe and the Middle East and managing the fund's administrative budget. Born in Alexandria, Shafik grew up in the US before returning to Egypt for high school. She went to university in Cairo and America, and studied for a DPhil at Oxford, subsequently working for World Bank where she became its youngest ever vice-president at the age of 36.
Chairman, HSBC
Glasgow-born Douglas Flint has been group chairman of HSBC, Europe's largest bank, since 2010. After graduating with an accounting degree from the University of Glasgow, he began his career as a trainee chartered accountant at Peat Marwick Mitchell & Co (now KPMG) and had become a partner by 1988. Flint joined HSBC seven years later as group finance director and became chairman at the end of 2010. Despite a proposal to move the banking giant's headquarters back to the Far East, Flint has hinted that HSBC may retain its domicile in the UK because of regulatory expertise in London and recent market volatility in China. In recognition of his extensive services to the financial services industry, Flint was appointed a Commander of the British Empire in 2006.
Chief Executive, Newton Investment Management
As chief executive of London-based global investment management firm Newton, Helena Morrissey manages around 400 employees and £47 billion of investment. She is also the founder of the influential 30 Percent Club, whose goal to achieve 30% women on the boards of FTSE 100 companies is now within sight, with the current figure standing at 26%. A mother of nine, Morrissey's day begins at 5am and finishes at 11pm, and she says the family sometimes text each other at home 'if you can't remember where you put somebody'. She was appointed a CBE in 2012, and has been named Most Influential Woman in Asset Management by Financial News.
CEO, Lloyd's of London
Inga Beale became chief executive of Lloyd's of London in 2014, and is the first woman to hold the job in the insurance market's 327-year history. During her two years at the helm, she has overseen the opening of new offices in Dubai and Beijing and is implementing Lloyd's modernisation agenda, embracing technological advances to drive efficiency. An insurance industry veteran, Beale began her career at Prudential, where she trained as an underwriter, and has worked for GE Insurance Solutions, Converium in Switzerland, and Lloyd's managing agent Canopius, where she was group chief executive prior to taking up her current role. In 2015 Beale was placed top of an LGBT executive power list published by OUTStanding and the Financial Times.
CEO, Virgin Money
Jayne-Anne Gadhia worked for Fred Goodwin at RBS before taking on the top job at Virgin Money. Her concerns over the way RBS was operating prior to the 2008 sub-prime mortgage crash were ignored, so she picked up the phone to Richard Branson, who swiftly made her his CEO. He subsequently chose her to lead the Northern Rock takeover bid, which she secured for £747 million in 2012. Under Gadhia's leadership Virgin Money has risen in prominence to rival some of the UK's largest lenders. Gadhia attributes her confidence to bullying she endured as one of the first intake of girls at boarding school, and fittingly, the UK Treasury has just asked her to carry out a review into the high rate of attrition among women in the financial industry.
Co-Chief Executive, Deutsche Bank
Since taking over from Anshu Jain at the helm of Deutsche Bank in the summer of 2015, John Cryan has wasted no time introducing reforms to help the troubled institution cut costs and compete with its dynamic American counterparts. The fluent German speaker was born in Harrogate and studied at Cambridge, working first for Arthur Andersen before joining S G Warburg. He was appointed chief financial officer at UBS AG in 2008, advising its board of directors and group executive board on the financial crisis as part of his role. He moved to Temasek Holdings, Singapore's government-owned investment company, in 2012 where he was president for Europe.
Chairman, Financial Conduct Authority
John Griffith-Jones was appointed chairman of the new Financial Conduct Authority in 2013 having joined the board as a non-executive director and deputy chairman in September 2012. Having spent eleven years in audit and 15 in corporate finance, the Cambridge economics graduate became CEO of KPMG's UK firm in 2006, then joint chairman of KPMG Europe the following year. An advocate of pragmatism and mutual cooperation, in recent months he has said that regulation will be eased so that wealth managers can spend more time running their businesses and less on compliance.
Executive Chairman, Barclays and Chairman, TheCityUK
Dumfries-born businessman John McFarlane was appointed executive chairman of Barclays in 2015 as a temporary replacement for the outgoing Antony Jenkins. He has 40 years' experience in the finance sector, including as chief executive of the Australia and New Zealand Banking Group Ltd and chairman of Aviva, where he oversaw the insurance company's transformation into one of the UK's best-performing financial institutions. In his role as chairman of TheCityUK, an independent body that represents the UK's financial and related professional services industry, McFarlane has warned that the country's attractiveness as a financial centre may start to wane because of taxation and regulation.
Governor, Bank of England
Since his arrival from Canada in 2013, Bank of England governor Mark Carney has shaken up the financial services sector in the UK and plays an important role advising the government, with interest rates remaining at a historic low under his leadership. The son of teachers, Carney studied at Harvard and Oxford and had a 13-year career with Goldman Sachs before joining the Bank of Canada, which he governed for five years from 2008. In his current role, Carney also chairs the Monetary Policy Committee, the Financial Policy Committee and the board of the Prudential Regulation Authority, and has recently vowed to root out remaining 'bad apples' in the UK's banking sector.
Chief Executive, Aviva
Since taking over as Aviva's group chief executive in 2013, Mark Wilson has been working to restore the insurance company's reputation, returning it to profit and overseeing the integration of acquisition Friends Life. A New Zealander by birth, he studied at the University of Waikato before going on to work in insurance, beginning his career at National Mutual in New Zealand and Australia where he progressed through a number of senior management positions. From 2001 to 2003 he was CEO of AXA Asia Pacific Holdings Limited and then chief executive of AXA China and AXA South East Asia. Between 2006 and 2010 he ran AIA, the Asian arm of US insurer AIG, preparing it for stock market flotation and increasing its value to $36 billion by the time it was listed.
Chief Executive, Aberdeen Asset Management
Martin Gilbert is chief executive of Aberdeen Asset Management, the company he co-founded in 1983, and which has gone on to become one of the world's leading independent asset managers, specialising in equities, fixed income, alternatives and property. Although born in Malaysia, Gilbert was brought up in Aberdeen and studied Law and subsequently an MA in Accountancy at the University of Aberdeen. He was chairman of FirstGroup from 1995 to 2014, and in 2013 he was appointed chairman of the Prudential Regulation Authority's Practitioner Panel. He currently sits on the UK Treasury's Financial Services Trade and Investment Board, and is Adjunct Professor of Finance at Imperial College Business School.
Chief Executive, Schroders
Michael Dobson has been chief executive of British asset management company Schroders since 2001, restoring the once struggling fund's fortunes during his 15 years of leadership. Schroders weathered market volatility and the slowdown of the Chinese economy in 2015, reporting an increase in profit. Between 1973 and 2000, Dobson worked at Morgan Grenfell and Deutsche Bank, serving as chief executive of both firms, and was a member of the board of managing directors of Deutsche Bank AG from 1996 to 2000. He is currently chairman of the investment board for the endowment fund at the University of Cambridge, from where he received a postgraduate degree.
Founding Partner, Woodford Investment Management
One of the most respected fund managers in the country, Neil Woodford set up his own firm in 2014 after 26 years with his now rival Invesco Perpetual. He raised a record £1.6 billion to launch the fund after running the Income and High Income funds at Invesco, and in 2015, he launched a second fund, Woodford Patient Capital Trust, which invests in start-up firms. The trust was so inundated with demand that it was expanded from 600 to £800 million, making it the biggest ever launch of its kind. Born in Henley-on-Thames, Woodford studied Economics and Agriculture at the University of Exeter, and his first job was cleaning out a toothpaste machine at the Beecham's factory. In the past year, he has delivered an average of more than 10% interest on investments where rivals have made around half a percent, and he now looks after £7 billion on behalf of savers.
Chief Executive, Legal & General
Nigel Wilson became Legal & General's group chief executive in 2012 having joined as its chief financial officer in 2009. He has overseen a period of stability at the financial services company despite the drop in annuity sales resulting from retirees' new freedom on how to spend their pension pots. In the past he worked at McKinsey & Co, Dixons Group and Stanhope Properties, and has held the position of deputy chief executive and chief financial officer of United Business Media plc. He attended the University of Essex, where he received a degree in economics, and went on to study for a PhD from the Massachusetts Institute of Technology, where he was a Kennedy Scholar. In 2014 the left-leaning advocate of long-term investment was named City AM's Business Personality of the Year.
New Zealander Ross McEwan succeeded Stephen Hester as CEO of the Royal Bank of Scotland in 2013 having joined the previous year as head of retail banking. He had only worked in banking for a decade at the time of his appointment, but under his leadership it is predicted that the 80% government-owned RBS could be reprivatised in as little as three years. Refusing to rest on his laurels, McEwan won approval in 2015 for handing back a million-pound shares incentive. Despite failing one of his university accounting modules twice, he graduated with a degree in Business and Human Resources from Massey University in New Zealand, and worked for some time in life insurance and at Kiwi stockbrokers First NZ Capital Securities.
Founding Partners, Robey Warshaw
The 'two Simons' Robey and Warshaw are the men behind the boutique advisory firm that was charged to oversee the UK's biggest ever domestic deal, Shell's multibillion-pound takeover of BG Group in 2015. They founded Robey Warshaw, whose employees number just a dozen or so, in 2013, and the firm has quickly gained ground on much larger banks, advising such clients as AstraZeneca, Pfizer, SABMiller and Rio Tinto. Robey had previously worked at Morgan Stanley for 25 years, and Warshaw at UBS for 27, before they set out on their own. With peerless expertise, as well as contrasting – and complementary – personalities and approaches to dealmaking, the duo look set to continue leading London's new wave of micro-advisers.
CEO, London Stock Exchange
As CEO of the London Stock Exchange since 2009, Frenchman Xavier Rolet has taken the world's oldest exchange from 17th to third-largest in the world. Rolet grew up on a 'sink' estate in the banlieues of Paris and set his sights on studying business in America at the age of 12 after reading that the average starting salary of their graduates was £300 a month, which seemed a fortune. Having served as a second lieutenant and an instructor at the French Air Force Academy, Rolet travelled to America and studied for his MBA at Columbia University. He held senior positions with Goldman Sachs, Lehman Brothers and Credit Suisse First Boston before joining the board of the LSE.
All the latest news, discussions, events and offers from Debrett’s and receive £10 off your first purchase