John had a long Whitehall career; as Second Permanent Secretary to HM Treasury, he had responsibility for the Treasury’s economics ministry functions and for policy relating to business, financial services and infrastructure. He was closely involved in the UK response to the financial crisis, handling the resolution of Northern Rock and leading negotiations with RBS, Lloyds and HBOS on their £37bn recapitalisation; he was the first Chief Executive of UK Financial Investments Ltd (UKFI); and from 2010-12, John was Global Co-Head of the Financial Institutions Group at Rothschild. From 2016-21 he was the first Chair of UK Research & Innovation, which oversees Government science funding of c£8bn a year.
John is Deputy Chair of the National Gallery, a member of the Trilateral Commission and a World Fellow of Yale University. He chaired the judges for the 2017 Wolfson Economics Prize. In 2018 he undertook a highly critical independent review for the UK Government of the Financial Reporting Council.
Nominations and Corporate Governance Committee (Chair)