Sir Philip Alan Reid, (born January 18, 1947) has been Chairman of the Duchy of Lancaster since January 2018 and was

Keeper of the Privy Purse The Keeper of the Privy Purse and Treasurer to the King/Queen (or Financial Secretary to the King/Queen) is responsible for the financial management of the Royal Household of the Sovereign of the United Kingdom. The officeholder is assisted by th ...

Treasurer to the Queen The Keeper of the Privy Purse and Treasurer to the King/Queen (or Financial Secretary to the King/Queen) is responsible for the financial management of the Royal Household of the Sovereign of the United Kingdom. The officeholder is assisted by ...

and Receiver General to the Duchy of Lancaster in the Royal Household of the

Sovereign ''Sovereign'' is a title which can be applied to the highest leader in various categories. The word is borrowed from Old French , which is ultimately derived from the Latin , meaning 'above'. The roles of a sovereign vary from monarch, ruler or ...

of the

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and ...

from 2002 until 2017. Reid was formerly a senior partner with Big Four accountancy firm

KPMG KPMG International Limited (or simply KPMG) is a multinational professional services network, and one of the Big Four accounting organizations. Headquartered in Amstelveen, Netherlands, although incorporated in London, England, KPMG is a net ...

. As Keeper of the Privy Purse, Reid was responsible for the expenditure of public funds voted by the Parliament to the Sovereign, usually called the

Sovereign Grant The Sovereign Grant Act 2011 (c. 15) is the Act of the Parliament of the United Kingdom which introduced the Sovereign Grant, the payment which is paid annually to the monarch by the government in order to fund the monarch's official duties. It ...

. As Treasurer to the Queen, he was also responsible for the Sovereign's private finances. The Sovereign also holds the title of

Duke of Lancaster The Dukedom of Lancaster is an English peerage merged into the crown. It was created three times in the Middle Ages, but finally merged in the Crown when Henry V succeeded to the throne in 1413. Despite the extinction of the dukedom the title ...

(regardless of gender), which brings with it responsibility for the Duchy of Lancaster estates. He retired from the Royal Household in December 2017. Reid was appointed a Knight Commander of the

Royal Victorian Order The Royal Victorian Order (french: Ordre royal de Victoria) is a dynastic order of knighthood established in 1896 by Queen Victoria. It recognises distinguished personal service to the British monarch, Canadian monarch, Australian monarch, or ...

(KCVO) in 2007 and elevated to a Knight Grand Cross of the same Order (GCVO) in the

2012 Diamond Jubilee Honours The list of Diamond Jubilee Honours 2012 was released on 13 September 2012 and made appointments and promotions within the Royal Victorian Order (and awards of the Royal Victorian Medal) to recognise contributions to the celebration of the Diamond ...

.The 2012 Diamond Jubilee Honours List, 13 September 2012
The knighthood is in the personal bestowal of the

Queen Queen or QUEEN may refer to: Monarchy * Queen regnant, a female monarch of a Kingdom ** List of queens regnant * Queen consort, the wife of a reigning king * Queen dowager, the widow of a king * Queen mother, a queen dowager who is the mother ...

and only she may choose to honour an individual with it accordingly.

References

Knights Grand Cross of the Royal Victorian Order Living people British accountants Place of birth missing (living people) Members of the British Royal Household 1947 births {{UK-royal-stub