Background
McCarthy, Callum was born on February 29, 1944 in Brentwood, England. Son of Ralph and Nan (Graham) McCarthy.
- Photos
- Works
- Photos
- Works
Callum McCarthy
Edit ProfileEducation
McCarthy attended Manchester Grammar School, then graduated in Economics from Merton College, Oxford. He also has a PhD in economics from Stirling University and an MS from the Graduate School of Business at Stanford University, where he was a Sloan Fellow.
Career
He currently serves as Non-Executive Chairman of Promontory Financial Group's UK affiliate. McCarthy has held various high profile private sector and government regulatory positions:
1965 – Economics researcher at chemical corporation ICI for seven years on graduating in 1965. 1972–85 – Several posts at the Department of Trade and Industry including Principal Private Secretary to Roy Hattersley when he was Secretary of State for Prices and Consumer Protection and to Norman Tebbit when he was Secretary of State for Trade and Industry.
1985 – Director of Corporate Finance at investment bank Kleinwort Benson
1989 – managing director and Deputy Head of Corporate Finance of Barclays' investment banking arm, BZW. McCarthy later become chief executive officer of Barclays Bank group operations in Japan before moving to head the Bank's businesses in North America. September 1998 – Appointed by Peter Mandelson to become Director-General of the gas regulator Ofgas. 1999 – Chief Executive of new energy super-regulator Ofgem, where he oversaw the introduction of greater competition into the gas and electricity markets
September 2003 – Chairman of the Financial Services Authority (FSA)
Current – Non-executive Chairman of Castle Trust
Personal life
Married with three children, he is a keen beekeeper.
Membership
October 2008 – Non-executive board member of HM Treasury.
Connections
Married Penny Gee, July 30, 1966. Children: Tom, Christopher, Melissa.
-
Born
-
Nationality
British