John Oliver Frank Kingman
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Sir John Oliver Frank Kingman KCB FRS FMedSci (born 24 April 1969) has been Chair of
Legal & General Legal & General Group plc, commonly known as Legal & General, is a British multinational financial services and asset management company headquartered in London, England. Its products and services include investment management, lifetime mortg ...
PLC since 2016. He is also Chair of Barclays UK, the ring-fenced retail bank of Barclays PLC, and a member of the Barclays PLC board. He has been Deputy Chair of the National Gallery since 2018 (and twice served as acting Chair). He is a former Second Permanent Secretary to
HM Treasury His Majesty's Treasury (HM Treasury or HMT), and informally referred to as the Treasury, is the Government of the United Kingdom’s economic and finance ministry. The Treasury is responsible for public spending, financial services policy, Tax ...
. From 2016-21, he was the first Chair of
UK Research and Innovation UK Research and Innovation (UKRI) is a non-departmental public body of the Government of the United Kingdom that directs research and innovation funding, funded through the science budget of the Department for Science, Innovation and Technology ...
, which oversees Government science and innovation funding of about £8bn a year. He is also an Honorary Fellow of the Academy of Medical Sciences. In 2018, he undertook a highly critical review of the
Financial Reporting Council The Financial Reporting Council (FRC) is an independent regulator in the UK and Ireland based in London Wall in the City of London, responsible for regulating auditors, accountants and actuaries, and setting the UK's Corporate Governance and ...
, recommending wholesale reform of the FRC and ending self-regulation of the major audit firms. He is a member of the UK Government’s Industrial Strategy Advisory Council.


Education

He was a Queen’s Scholar at
Westminster School Westminster School is a Public school (United Kingdom), public school in Westminster, London, England, in the precincts of Westminster Abbey. It descends from a charity school founded by Westminster Benedictines before the Norman Conquest, as do ...
, and a Casberd Scholar at
St John's College, Oxford St John's College is a Colleges of the University of Oxford, constituent college of the University of Oxford. Founded as a men's college in 1555, it has been coeducational since 1979.Communication from Michael Riordan, college archivist Its foun ...
, where he took a 1st class degree in Modern History; he is now an Honorary Fellow.


Career

Early in his career (1995-97) Kingman was a ''
Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and also published digitally that focuses on business and economic Current affairs (news format), current affairs. Based in London, the paper is owned by a Jap ...
'' Lex columnist. He also worked in the Chief Executive's office at BP, 1997-98. Kingman was closely involved with the response to the 2007-09 financial crisis. He handled
nationalisation of Northern Rock In 2008 the Northern Rock bank was nationalised by the British government, due to financial problems caused by the subprime mortgage crisis. In 2010 the bank was split into two parts (Northern Rock (Asset Management), assets and banking) to aid t ...
, and led negotiations with RBS, Lloyds and HBOS on their £37bn recapitalisation. He was the first chief executive of
UK Financial Investments UK Financial Investments (UKFI) was a limited company set up in November 2008 and mandated by the UK government to manage HM Treasury's shareholdings in Lloyds Banking Group, the Royal Bank of Scotland Group and UK Asset Resolution. UKFI ceased ...
, which managed the Government's bank shareholdings.Government announcement
Whilst at the Treasury, Kingman was responsible for selling £16bn of Lloyds shares, the first RBS share sale, and the largest-ever UK privatisation (£13bn of mortgage assets). Kingman led on liberalising the annuity market and creating the National Infrastructure Commission; he negotiated
Greater Manchester Greater Manchester is a ceremonial county in North West England. It borders Lancashire to the north, Derbyshire and West Yorkshire to the east, Cheshire to the south, and Merseyside to the west. Its largest settlement is the city of Manchester. ...
's devolution deal, introducing an elected Mayor. Earlier, he was responsible for a fundamental overhaul of the UK competition regime (2001 Enterprise Act), and introducing the Highly Skilled Migrants’ Programme. He was particularly involved with science funding, working on five spending reviews which prioritised science and in 2004 leading the cross-Government 10 year science and innovation framework. From 2003-06, he was a board Director of the European Investment Bank. From 2010-2012, Kingman was Global co-head of the Financial Institutions Group at
Rothschild Rothschild () is a name derived from the German ''zum rothen Schild'' (with the old spelling "th"), meaning "to the red shield", in reference to the houses where these family members lived or had lived. At the time, houses were designated by signs ...
.


Affiliations

Kingman is a World Fellow of Yale University and a Visiting Fellow of Nuffield College, Oxford. He was a Trustee of the Royal Opera House, 2014-21, and has been a member of the Prime Minister's Council for Science and Technology, the Trilateral Commission, the Global Advisory Committee for the Centre for Corporate Reputation at Oxford University, and the Development Board for the £37m renewal of St-Martin-in-the-Fields. He chaired the judges for the 2017 Wolfson Economics Prize.


Personal life

Kingman is the son of the mathematician Sir John Frank Charles Kingman FRS. His partner is Diana Gerald MBE, CEO of the charity BookTrust. They live in central London with their daughter.


References

{{DEFAULTSORT:Kingman, John Oliver Frank 1969 births Living people People educated at The Dragon School People educated at Westminster School, London Alumni of St John's College, Oxford British civil servants Civil servants in HM Treasury Second Permanent Secretaries of HM Treasury British investment bankers