Chairman, Institute of New Economic Thinking (2013-present)
Chairman, Financial Services Authority (2008-13)
World-renowned expert on global economic trends, global finance and the Chinese financial system
Lord Adair Turner is a world-renowned expert on global economic trends, global finance, macro prudential regulation and the Chinese financial system. Since 2013 he has served as Senior Fellow at the Institute for New Economic Thinking (INET), a new think tank founded by George Soros dedicated to re-thinking the field of economics in the wake of the financial crisis. Since 2015 he has served as Chair of the Governing Board.
Lord Turner served as Chairman of the Financial Services Authority (FSA), the regulatory body overseeing the financial services industry in the UK, from 2008 until its abolition in March 2013. He successfully rebuilt the institution’s reputation after the financial crisis and negotiated changes to the regulatory regime. Under his leadership, the FSA produced an influential report in 2009 (the Turner Review) recommending a rethink of global banking regulation in response to the credit crunch and collapse of global banking liquidity.
He has also been Chairman of the Overseas Development Institute and a Visiting Professor at the London School of Economics and Cass Business School, City University. He is also former Chairman of the Pensions Commission, the Committee on Climate Change and the Low Pay Commission. He became a cross-bench member of the House of Lords in 2005. Until September 2008, Lord Turner was non-executive Director at Standard Chartered Bank. Previously he was Vice-Chairman of Merrill Lynch Europe, and Director General of the Confederation of British Industry (CBI). Prior to that, between 1992 and 1995, he built McKinsey’s practice in Eastern Europe and Russia as a Director.
Lord Turner has written several books, “Just Capital – The Liberal Economy” (2001) and “Economics after the Crisis – Objectives and Means” (2012). His book, “Between Debt and the Devil: money, credit and fixing global finance”, was published by Princeton University Press in 2015, and focused on how to reform the global financial system after the crisis. In 2016, China Business News made “Between Debt and the Devil” its Book of the Year.
Lord Adair Turner was appointed Chair of the Energy Transitions Commission in 2016.
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