Jump to content

John McFarlane: Difference between revisions

From Wikipedia, the free encyclopedia
Browse history interactively
← Previous edit
Content deleted Content added
VisualWikitext
m Reverted 1 edit by 212.188.149.130 (talk) to last revision by 86.187.162.171. (TW)
 
(36 intermediate revisions by 25 users not shown)
Line 1: Line 1:
{{Short description|British businessman}}
{{other people}}
{{other people}}
{{Use dmy dates|date=November 2012}}
{{Use dmy dates|date=October 2020}}
{{BLP sources|date=October 2010}}
{{BLP sources|date=October 2010}}
{{Infobox person
{{Infobox person
| honorific_suffix = [[Order of the British Empire|OBE]]
| name = John McFarlane
| name = John McFarlane
| image = John McFarlane.jpg
| image = John McFarlane.jpg
Line 8: Line 10:
| caption =
| caption =
| birth_name =
| birth_name =
| birth_date = {{Birth-date and age|df=yes|14 June 1947}}
| birth_date = {{Birth-date and age|14 June 1947}}
| birth_place = [[Dumfries]], [[Scotland]]
| birth_place = [[Dumfries]], [[Scotland]]
| alma_mater = [[University of Edinburgh]]<br>[[London Business School]]
| alma_mater = [[University of Edinburgh]]<br>[[Cranfield School of Management]]<br>[[London Business School]]
| nationality = British<br>Australian<ref>{{cite web |title=John MCFARLANE - Personal Appointments (free information from Companies House) |url=https://beta.companieshouse.gov.uk/officers/T9yB9dhyY8nMQo8JqQ8FYQUcSJE/appointments |website=Companies House |accessdate=5 June 2018}}</ref>
| nationality = British<br>Australian<ref>{{cite web |title=John MCFARLANE - Personal Appointments (free information from Companies House) |url=https://beta.companieshouse.gov.uk/officers/T9yB9dhyY8nMQo8JqQ8FYQUcSJE/appointments |website=Companies House |accessdate=5 June 2018}}</ref>
| other_names =
| other_names =
| known_for =
| known_for =
| profession = Banker
| occupation =
| occupation = Group Chairman, [[Barclays]]
}}
}}

'''John Thomas McFarlane''' [[Order of the British Empire|OBE]] (born 14 June 1947) is a British businessman, currently serving as group chairman of [[Barclays]].
'''John McFarlane''' [[Order of the British Empire|OBE]] (born 14 June 1947) is a British businessman. He served as group chairman of Barclays from 2015 to 2019. From 2020 to 2023, McFarlane served as Chairman of [[Westpac]].


==Early life==
==Early life==
Line 23: Line 25:


==Career==
==Career==
He began his career in manufacturing with Ford of Europe in 1969, subsequently having a career in banking. He spent eighteen years with [[Citibank]], ultimately as head of Citibank in Ireland and the United Kingdom.<ref>[http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article4618800.ece RBS profile: John McFarlane]</ref> In 1993 he became Group Executive Director of [[Standard Chartered|Standard Chartered Plc.]] based in London and Hong Kong. He was Chief Executive of the [[Australia and New Zealand Banking Group]] Ltd. (ANZ), one of Australia's leading banks, after a decade of service, during which time he turned around the financial performance of the bank, and spearheaded an effort, called "Breakout", to transform the Bank. He retired in 2007.<ref>[http://www.theage.com.au/news/business/no-more-sekrets-for-mcfarlane/2007/06/12/1181414299718.html?page=fullpage#contentSwap1 No more Sekrets for McFarlane]</ref>
He began his career in manufacturing with [[Ford of Europe]] in 1969, subsequently having a career in banking. He spent eighteen years with [[Citibank]], ultimately as head of Citibank in Ireland and the United Kingdom.<ref>{{Cite web|url=https://www.thetimes.co.uk/|title=The Times & The Sunday Times|website=www.thetimes.co.uk|language=en|access-date=2020-02-26}}</ref> In 1993, he became Group Executive Director of [[Standard Chartered|Standard Chartered Plc.]] based in London and Hong Kong. He was chief executive of the [[Australia and New Zealand Banking Group]] Ltd. (ANZ), one of Australia's leading banks, after a decade of service, during which time he turned around the financial performance of the bank, and spearheaded an effort, called "Breakout", to transform the Bank. He retired in 2007.<ref>{{Cite web|url=https://www.theage.com.au/business/no-more-sekrets-for-mcfarlane-20070613-ge5458.html|title=No more Sekrets for McFarlane|last=Williams|first=Ruth|date=2007-06-13|website=The Age|language=en|access-date=2020-02-26}}</ref>


In October 2008 he joined the board of the [[Royal Bank of Scotland]] as a non-executive director.<ref>[https://www.telegraph.co.uk/finance/newsbysector/banksandfinance/2795330/Royal-Bank-of-Scotland-shakes-up-boardroom-with-new-directors.html Royal Bank of Scotland shakes up boardroom with new directors]</ref> He was appointed to the board of [[Aviva]] plc in September 2011 and became Chairman in July 2013.<ref>[http://www.aviva.com/investor-relations/corporate-governance/board-of-directors/john-mcfarlane/ Aviva plc Board of Directors - John McFarlane]</ref> He was previously deputy chairman and chairman designate and became executive deputy Chairman in May 2012. He was president of the [[International Monetary Conference]] (the annual meeting of the heads of the world’s major banks and central banks) and was chairman of the [[Australian Bankers' Association]]. While in the United Kingdom, he was a member of the [[Bank of England]] Financial Law Review Panel and in 1992, he chaired The McFarlane Report - the review of “The Future Development of Auditing in the United Kingdom and Ireland.” More recently, he served as a member of the governing body of the Economics Research Institute for the [[Association of South East Asian Nations & East Asia]]. In December 2013 he was appointed Chairman of FirstGroup.<ref>[http://hsprod.investis.com/servlet/HsPublic?context=ir.access&ir_option=RNS_NEWS&item=1652716300402688&ir_client_id=2899&transform=newsitem FIRSTGROUP PLC - Directorate Change]</ref>
In October 2008, he joined the board of the [[Royal Bank of Scotland]] as a non-executive director.<ref>{{Cite news|last1=Armitstead|first1=Louise|url=https://www.telegraph.co.uk/finance/newsbysector/banksandfinance/2795330/Royal-Bank-of-Scotland-shakes-up-boardroom-with-new-directors.html|title=Royal Bank of Scotland shakes up boardroom with new directors|date=2008-08-27|access-date=2020-02-26|last2=Kleinman|first2=Mark|journal=Daily Telegraph|language=en-GB|issn=0307-1235}}</ref> He was appointed to the board of [[Aviva]] plc in September 2011 and became chairman in July 2012.<ref>{{Cite web|url=https://www.aviva.com/about-us/our-board/|title=Our Board|date=2019-05-23|website=www.aviva.com|language=en-GB|access-date=2020-02-26}}</ref><ref>{{Cite web|url=https://www.financialreporter.co.uk/finance-news/barclays-announce-john-mcfarlane-as-new-chairman.html|title=Barclays announce John McFarlane as new Chairman|last=Loddington|first=Amy|date=12 September 2014|website=Financial Reporter|language=en|access-date=2020-02-26}}</ref> He was previously deputy chairman and chairman designate and became executive deputy chairman in May 2012. He was president of the [[International Monetary Conference]] (the annual meeting of the heads of the world's major banks and central banks) and was chairman of the [[Australian Bankers' Association]]. While in the United Kingdom, he was a member of the [[Bank of England]] Financial Law Review Panel; in 1992, he chaired The McFarlane Report - the review of "The Future Development of Auditing in the United Kingdom and Ireland". More recently, he served as a member of the governing body of the Economics Research Institute for the [[Association of South East Asian Nations & East Asia]]. In December 2013, he was appointed chairman of [[FirstGroup]].<ref>{{Cite web|url=http://hsprod.investis.com/servlet/HsPublic?context=ir.access&ir_option=RNS_NEWS&item=1652716300402688&ir_client_id=2899&transform=newsitem|title=FirstGroup appoints John McFarlane as Chairman|date=6 December 2013|url-status=live|archive-url=https://web.archive.org/web/20131213204009/http://hsprod.investis.com/servlet/HsPublic?context=ir.access&ir_option=RNS_NEWS&item=1652716300402688&ir_client_id=2899&transform=newsitem|archive-date=13 December 2013}}</ref><ref>{{Cite news|url=https://www.bbc.com/news/uk-scotland-scotland-business-25258404|title=FirstGroup appoints new chairman|date=2013-12-06|work=BBC News|access-date=2020-02-26|language=en-GB}}</ref>


Most recently he has been appointed as Chairman of [[Barclays]] and joined the board with effect from 1 January 2015.<ref>[http://www.barclays.com/content/dam/barclayspublic/docs/InvestorRelations/IRNewsPresentations/2014News/20140912-John-McFarlane-to-succeed-Sir-DavidWalker.pdf John McFarlane to succeed Sir David Walker as Barclays Chairman]</ref><ref>[http://www.ft.com/cms/s/0/9857db9e-3a52-11e4-8ee4-00144feabdc0.html#slide0 Barclays appoints Aviva’s John McFarlane as chairman]</ref> He was appointed executive chairman of Barclays in July 2015 until a permanent replacement could be found for their departing chief executive Antony Jenkins.<ref>{{cite news |url=https://www.bbc.com/news/business-33438914 |title=Barclays sacks chief executive Antony Jenkins |work=BBC |publisher=BBC |date=2015-07-08 |accessdate=2015-07-08 |quote=Barclays' chairman John McFarlane has been appointed executive chairman until Mr Jenkins' successor is appointed. }}</ref> He is also chairman of TheCityUK.
In September 2014, he was appointed chairman of [[Barclays]] and joined the board with effect from 1 January 2015.<ref>{{Cite web|url=http://www.barclays.com/content/dam/barclayspublic/docs/InvestorRelations/IRNewsPresentations/2014News/20140912-John-McFarlane-to-succeed-Sir-DavidWalker.pdf|title=John McFarlane appointed to succeed Sir David Walker as Chairman|date=12 September 2014}}</ref><ref>{{Cite web|url=https://www.ft.com/content/9857db9e-3a52-11e4-8ee4-00144feabdc0|title=Barclays appoints Aviva's John McFarlane as chairman|website=www.ft.com|access-date=2020-02-26}}</ref> He was appointed executive chairman of Barclays in July 2015 until a permanent replacement could be found for their departing chief executive [[Antony Jenkins]].<ref>{{cite news|url=https://www.bbc.com/news/business-33438914|title=Barclays sacks chief executive Antony Jenkins|date=2015-07-08|publisher=BBC|accessdate=2015-07-08}}</ref> He is also chairman of [[TheCityUK]].


McFarlane contributed to an anthology of writing that was published in October 2018 and produced by Labour in the City, which examines the challenges facing the banking sector a decade on from the financial crisis.<ref>{{Cite news|url=http://www.cityam.com/267926/we-must-turn-page-public-perceptions-finance|title=We must turn the page on the public perceptions of finance|last=Clark|first=Andrew|date=2018-11-01|access-date=2018-11-06|language=en}}</ref>
McFarlane contributed to an anthology of writing that was published in October 2018 and produced by Labour in the City, which examines the challenges facing the banking sector a decade on from the financial crisis.<ref>{{Cite news|url=http://www.cityam.com/267926/we-must-turn-page-public-perceptions-finance|title=We must turn the page on the public perceptions of finance|last=Clark|first=Andrew|date=2018-11-01|access-date=2018-11-06|language=en}}</ref><ref>{{cite book|last=McFarlane|first = John |title=Ten years on: banking beyond the crisis|publisher=Labour in the City |date= October 31, 2018 |pages=19–21 |chapter=Ten years on - we must not forget the lessons we have learnt|access-date=2020-11-09|language=en|url=http://www.labourinthecity.org.uk/wp-content/uploads/2018/10/LITC-pamphlet-FINAL-15th-OCT.pdf}}</ref> In November 2018, Barclays announced that McFarlane was stepping down as chairman in May 2019.<ref>{{Cite web|url=https://www.independent.co.uk/news/business/news/barclays-john-mcfarlane-leaving-mack-knife-share-price-nigel-higgins-chairman-a8613906.html |archive-url=https://ghostarchive.org/archive/20220613/https://www.independent.co.uk/news/business/news/barclays-john-mcfarlane-leaving-mack-knife-share-price-nigel-higgins-chairman-a8613906.html |archive-date=13 June 2022 |url-access=subscription |url-status=live|title=Barclays chairman John 'Mack the Knife' McFarlane to step down|date=2018-11-02|website=The Independent|language=en|access-date=2020-02-26}}</ref>

In April 2020, McFarlane was appointed to the board of [[Westpac]]<ref>{{Cite web|url=https://www.abc.net.au/news/2020-01-23/westpac-new-chairman-john-mcfarlane/11891948|title=Westpac picks John McFarlane as new chairman to deal with money laundering scandal|last=Ryan|first=Peter|date=2020-01-23|website=ABC News|language=en-AU|access-date=2020-02-26}}</ref> where he served as chairman until December, 2023.<ref>{{Cite web |last=Muroi |first=Millie |date=2023-10-15 |title=Westpac appoints Steven Gregg as new chairman |url=https://www.smh.com.au/business/banking-and-finance/westpac-appoints-steven-gregg-as-new-chairman-20231016-p5ecj0.html |access-date=2024-02-19 |website=The Sydney Morning Herald |language=en}}</ref>


==Honours==
==Honours==
In the [[1995 Birthday Honours]], McFarlane was awarded the [[Officer of the Order of the British Empire]] (OBE) for "services to the Finance Industry".<ref>{{London Gazette |issue=54066 |supp=y |page=12 |date=16 June 1995}}</ref> In 2001 he received the [[Centenary Medal]] for "service to Australian society in business leadership".<ref>{{cite web |title=Mr John MCFARLANE - Centenary Medal |url=https://honours.pmc.gov.au/honours/awards/1127894 |website=Australian Honours Search Facility |publisher=Australian Government |access-date=1 January 2023 |date=1 January 2001 |quote=For service to Australian society in business leadership}}</ref> He has also received banking and securities fellowships in the UK, Australia and Hong Kong, and is a Fellow of the [[Royal Society of Arts]].
He has been awarded the [[OBE]], the [[Australian Centenary Medal]] and the inaugural [[Cranfield]] Distinguished Alumnus award. He has banking and securities fellowships in the UK, Australia and Hong Kong and is a Fellow of the [[Royal Society of Arts]].


==References==
==References==
Line 39: Line 43:
{{s-start}}
{{s-start}}
{{s-bus}}
{{s-bus}}
{{s-bef|before=Don Mercer}}
{{s-ttl|title=[[ANZ (bank)#Chief Executives|Chief Executive Officer of ANZ Banking Group]]|years= 1997{{spaced ndash}}2007}}
{{s-aft|after=Mike Smith}}
{{s-bef | before = [[David Walker (banker)|Sir David Walker]]}}
{{s-bef | before = [[David Walker (banker)|Sir David Walker]]}}
{{s-ttl | title = [[Chairman|Group Chairman]] of [[Barclays|Barclays plc]] | years = 23 April 2015 – present}}
{{s-ttl | title = [[Chairman|Group Chairman]] of [[Barclays]] | years = 2015{{spaced ndash}}2019}}
{{s-aft | after=Nigel Higgins}}
⚫
{{s-inc}}
{{s-bef | before = [[Antony Jenkins]] {{small|(as Group Chief Executive)}}}}
{{s-bef | before = [[Antony Jenkins]] {{small|(as Group Chief Executive)}}}}
{{s-ttl | title = [[Chairman|Executive Chairman]] of [[Barclays|Barclays plc]]
{{s-ttl | title = [[Chairman|Executive Chairman]] of [[Barclays]]| years = 2015}}
| years = 17 July 2015 – 1 December 2015}}
{{s-aft|after=[[Jes Staley]] {{small|(as Group Chief Executive)}}}}
{{s-aft|after=[[Jes Staley]] {{small|(as Group Chief Executive)}}}}
{{s-bef|before=[[Lindsay Maxsted]]}}
{{s-ttl|title=[[Westpac#Chairs of the Board|Chairman of Westpac Banking Corporation]]|years= 2020{{spaced ndash}}present}}
⚫
{{s-inc}}
{{s-end}}
{{s-end}}


{{Australia and New Zealand Banking Group}}
{{Barclays}}
{{Barclays}}


Line 53: Line 63:
[[Category:1947 births]]
[[Category:1947 births]]
[[Category:Living people]]
[[Category:Living people]]
[[Category:British chairmen of corporations]]
[[Category:Scottish bankers]]
[[Category:Scottish chairpersons of corporations]]
[[Category:Chairmen of Barclays]]
[[Category:Chairmen of Barclays]]
[[Category:People from Dumfries]]
[[Category:People from Dumfries]]
[[Category:Businesspeople from Melbourne]]
[[Category:Businesspeople from Melbourne]]
[[Category:Australia and New Zealand Banking Group]]
[[Category:Australia and New Zealand Banking Group]]
[[Category:Aviva]]
[[Category:Westpac people]]
[[Category:Barclays people]]
[[Category:Aviva people]]
[[Category:Officers of the Order of the British Empire]]
[[Category:Alumni of the University of Edinburgh]]
[[Category:20th-century Scottish businesspeople]]
[[Category:21st-century Scottish businesspeople]]

Latest revision as of 18:22, 29 May 2024

For other people named John McFarlane, see John McFarlane (disambiguation).

John McFarlane
OBE
Born14 June 1947 (1947-06-14) (age 77)
Dumfries, Scotland
NationalityBritish
Australian[1]
Alma materUniversity of Edinburgh
Cranfield School of Management
London Business School

John McFarlane OBE (born 14 June 1947) is a British businessman. He served as group chairman of Barclays from 2015 to 2019. From 2020 to 2023, McFarlane served as Chairman of Westpac.

Early life

[edit]

He was born in Dumfries and attended Dumfries Academy. He was educated at the University of Edinburgh, Cranfield and the London Business School.

Career

[edit]

He began his career in manufacturing with Ford of Europe in 1969, subsequently having a career in banking. He spent eighteen years with Citibank, ultimately as head of Citibank in Ireland and the United Kingdom.[2] In 1993, he became Group Executive Director of Standard Chartered Plc. based in London and Hong Kong. He was chief executive of the Australia and New Zealand Banking Group Ltd. (ANZ), one of Australia's leading banks, after a decade of service, during which time he turned around the financial performance of the bank, and spearheaded an effort, called "Breakout", to transform the Bank. He retired in 2007.[3]

In October 2008, he joined the board of the Royal Bank of Scotland as a non-executive director.[4] He was appointed to the board of Aviva plc in September 2011 and became chairman in July 2012.[5][6] He was previously deputy chairman and chairman designate and became executive deputy chairman in May 2012. He was president of the International Monetary Conference (the annual meeting of the heads of the world's major banks and central banks) and was chairman of the Australian Bankers' Association. While in the United Kingdom, he was a member of the Bank of England Financial Law Review Panel; in 1992, he chaired The McFarlane Report - the review of "The Future Development of Auditing in the United Kingdom and Ireland". More recently, he served as a member of the governing body of the Economics Research Institute for the Association of South East Asian Nations & East Asia. In December 2013, he was appointed chairman of FirstGroup.[7][8]

In September 2014, he was appointed chairman of Barclays and joined the board with effect from 1 January 2015.[9][10] He was appointed executive chairman of Barclays in July 2015 until a permanent replacement could be found for their departing chief executive Antony Jenkins.[11] He is also chairman of TheCityUK.

McFarlane contributed to an anthology of writing that was published in October 2018 and produced by Labour in the City, which examines the challenges facing the banking sector a decade on from the financial crisis.[12][13] In November 2018, Barclays announced that McFarlane was stepping down as chairman in May 2019.[14]

In April 2020, McFarlane was appointed to the board of Westpac[15] where he served as chairman until December, 2023.[16]

Honours

[edit]

In the 1995 Birthday Honours, McFarlane was awarded the Officer of the Order of the British Empire (OBE) for "services to the Finance Industry".[17] In 2001 he received the Centenary Medal for "service to Australian society in business leadership".[18] He has also received banking and securities fellowships in the UK, Australia and Hong Kong, and is a Fellow of the Royal Society of Arts.

References

[edit]
  1. ^ "John MCFARLANE - Personal Appointments (free information from Companies House)". Companies House. Retrieved 5 June 2018.
  2. ^ "The Times & The Sunday Times". www.thetimes.co.uk. Retrieved 26 February 2020.
  3. ^ Williams, Ruth (13 June 2007). "No more Sekrets for McFarlane". The Age. Retrieved 26 February 2020.
  4. ^ Armitstead, Louise; Kleinman, Mark (27 August 2008). "Royal Bank of Scotland shakes up boardroom with new directors". Daily Telegraph. ISSN 0307-1235. Retrieved 26 February 2020.
  5. ^ "Our Board". www.aviva.com. 23 May 2019. Retrieved 26 February 2020.
  6. ^ Loddington, Amy (12 September 2014). "Barclays announce John McFarlane as new Chairman". Financial Reporter. Retrieved 26 February 2020.
  7. ^ "FirstGroup appoints John McFarlane as Chairman". 6 December 2013. Archived from the original on 13 December 2013.
  8. ^ "FirstGroup appoints new chairman". BBC News. 6 December 2013. Retrieved 26 February 2020.
  9. ^ "John McFarlane appointed to succeed Sir David Walker as Chairman" (PDF). 12 September 2014.
  10. ^ "Barclays appoints Aviva's John McFarlane as chairman". www.ft.com. Retrieved 26 February 2020.
  11. ^ "Barclays sacks chief executive Antony Jenkins". BBC. 8 July 2015. Retrieved 8 July 2015.
  12. ^ Clark, Andrew (1 November 2018). "We must turn the page on the public perceptions of finance". Retrieved 6 November 2018.
  13. ^ McFarlane, John (31 October 2018). "Ten years on - we must not forget the lessons we have learnt". Ten years on: banking beyond the crisis (PDF). Labour in the City. pp. 19–21. Retrieved 9 November 2020.
  14. ^ "Barclays chairman John 'Mack the Knife' McFarlane to step down". The Independent. 2 November 2018. Archived from the original on 13 June 2022. Retrieved 26 February 2020.
  15. ^ Ryan, Peter (23 January 2020). "Westpac picks John McFarlane as new chairman to deal with money laundering scandal". ABC News. Retrieved 26 February 2020.
  16. ^ Muroi, Millie (15 October 2023). "Westpac appoints Steven Gregg as new chairman". The Sydney Morning Herald. Retrieved 19 February 2024.
  17. ^ "No. 54066". The London Gazette (Supplement). 16 June 1995. p. 12.
  18. ^ "Mr John MCFARLANE - Centenary Medal". Australian Honours Search Facility. Australian Government. 1 January 2001. Retrieved 1 January 2023. For service to Australian society in business leadership
Business positions
Preceded by
Don Mercer
 Chief Executive Officer of ANZ Banking Group
1997 – 2007 		Succeeded by
Mike Smith
Preceded by Group Chairman of Barclays
2015 – 2019 		Succeeded by
Nigel Higgins
Preceded by
Antony Jenkins (as Group Chief Executive)
 Executive Chairman of Barclays
2015 		Succeeded by
Jes Staley (as Group Chief Executive)
Preceded by Chairman of Westpac Banking Corporation
2020 – present 		Incumbent
Retrieved from "https://en.wikipedia.org/enwiki/w/index.php?title=John_McFarlane&oldid=1226290601"