UK Treasury 1961-77, wth secondment to IMF 1969-73; Bank of England 1977-93, Exec Director from 1981, Chairman of Securities and Investment Board 1988-92, member of Council of Lloyd's 1988-92, member of Court of BoE 1988-93. Board member and/or Chair at various times of CEGB, National Power, Reuters Venture Capital, Legal and General Group. Chairman London Investment Bankers Group 2000-04. Chairman and CEO Morgan Stanley, 1994-2005, remained as Senior Advisor to Aug 2012. Chair of Barclays from Nov 2012. Trustee of Cicely Saunders Foundation. Has written reports on Lloyd's insurance market (1992), private equity industry and governance of financial institutions (2007 on); reviewed FSA report into failure of Royal Bank of Scotland (2011-12); member of Committee led by Lord Justice Woolf into ethical business conduct at BAE Systems (2008).