John Kingman (businessman)

Sir John Oliver Frank Kingman KCB FRS (born 24 April 1969) has been Chairman of Legal & General since 2016. He is also Chair of Tesco Bank and Deputy Chair (and twice Acting Chair) of the National Gallery.

From 2016-21 he was the first Chair of UK Research and Innovation, which oversees Government science and innovation funding of c£8bn a year. He was elected an Honorary Fellow of the Royal Society in 2021 “for his unwavering support for science throughout his career”.

In 2018 he undertook a highly critical review of the Financial Reporting Council, recommending its replacement by a new statutory Audit, Reporting and Governance Authority and ending self-regulation of the major audit firms. [1]

He is a former Second Permanent Secretary to HM Treasury. He is the son of the mathematician Sir John Frank Charles Kingman FRS.

Career

Kingman was closely involved with the response to the 2007-9 financial crisis. He handled nationalisation of Northern Rock, and led negotiations with RBS, Lloyds and HBOS on their £37bn recapitalisation. He was the first chief executive of UK Financial Investments, which managed the Government's bank shareholdings.[2][3]

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'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 2003-6 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.

Earlier in his career (1995-7) Kingman was a Financial Times Lex columnist. He also worked in the Chief Executive's office at BP, 1997-8.

Kingman is a World Fellow of Yale University and a member of the Trilateral Commission. He chaired the judges for the 2017 Wolfson Economics Prize. 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 Global Advisory Committee for the Centre for Corporate Reputation, Oxford University, and the Development Board for the £37m renewal of St-Martin-in-the-Fields.

He was a Queen’s Scholar at Westminster School and a Casberd Scholar at St John’s College, Oxford where he took a 1st class degree in Modern History; he is now an Honorary Fellow.

Personal life

Kingman’s partner is Diana Gerald, CEO of the charity BookTrust. They live in central London with their daughter.

References
  1. "UK audit watchdog to be replaced by new governing body". BBC News. BBC. 11 March 2019. Retrieved 11 March 2019.
  2. A & C Black (2016). KINGMAN, John Oliver Frank. Who's Who 2016 (online ed.). Oxford University Press. Retrieved 2016-03-02.
  3. Government announcement Archived 2008-12-04 at the Wayback Machine
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