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{{Use British English|date=March 2012}} |
{{Use British English|date=March 2012}} |
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{{Infobox officeholder |
{{Infobox officeholder |
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| honorific_prefix = [[Sir]] |
| honorific_prefix = [[Sir]] |
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| name = David Clementi |
| name = David Clementi |
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| image = |
| image = |
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| image_size = |
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| caption = Sir David Clementi |
| caption = Sir David Clementi |
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| office = [[Chairman of the BBC]] |
| office = [[Chairman of the BBC]] |
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| term_start = 3 April 2017 |
| term_start = 3 April 2017 |
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| term_end = 15 February 2021 |
| term_end = 15 February 2021 |
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| birth_name = David Cecil Clementi |
| birth_name = David Cecil Clementi |
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| predecessor = [[Rona Fairhead]]<br />(Chair of the BBC Trust) |
| predecessor = [[Rona Fairhead]]<br />(Chair of the BBC Trust) |
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| successor = [[Richard Sharp (banker)|Richard Sharp]] |
| successor = [[Richard Sharp (banker)|Richard Sharp]] |
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| office1 = [[Deputy Governor of the Bank of England]] |
| office1 = [[Deputy Governor of the Bank of England]] |
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| term_start1 = 1997 |
| term_start1 = 1997 |
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| term_end1 = 2002 |
| term_end1 = 2002 |
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| predecessor1 = [[Howard Davies (economist)|Sir Howard Davies]] |
| predecessor1 = [[Howard Davies (economist)|Sir Howard Davies]] |
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| successor1 = [[Andrew Large]] |
| successor1 = [[Andrew Large]] |
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| birth_date = {{birth-date and age|25 February 1949}} |
| birth_date = {{birth-date and age|25 February 1949}} |
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| birth_place = |
| birth_place = |
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| death_date = |
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| death_place = |
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| resting_place = |
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| resting_place_coordinates = |
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| residence = |
| residence = |
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| nationality = British |
| nationality = British |
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| other_names = |
| other_names = |
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| known_for = |
| known_for = |
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| education = [[Winchester College]]<br />[[Lincoln College, Oxford]]<br />[[Harvard Business School]] |
| education = [[Winchester College]]<br />[[Lincoln College, Oxford]]<br />[[Harvard Business School]] |
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| employer = |
| employer = |
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| occupation = Businessman |
| occupation = Businessman |
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| title = |
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| spouse = |
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| children = |
| children = |
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| parents = [[Cresswell Clementi]] |
| parents = [[Cresswell Clementi]] |
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| relatives = [[Cecil Clementi]] (paternal grandfather)<br />[[Cecil Clementi Smith]] (paternal great great uncle)<br />[[Muzio Clementi]] (paternal great-great grandfather) |
| relatives = [[Cecil Clementi]] (paternal grandfather)<br />[[Sir Henry Pelham]] (maternal grandfather)<br />[[Cecil Clementi Smith]] (paternal great great uncle)<br />[[Muzio Clementi]] (paternal great-great grandfather) |
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'''Sir David Cecil Clementi''' (born 25 February 1949) is a British business executive |
'''Sir David Cecil Clementi''' (born 25 February 1949) is a British business executive. He is a former [[Deputy Governor of the Bank of England|deputy governor of the Bank of England]], a former chairman of [[Prudential plc]], and a former [[chairman of the BBC]]. |
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In March 2008, he was announced as warden of [[Winchester College]] and, in 2010, was [[Master of the Mercers' Company]]. |
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Clementi holds a number of board positions including chairman of international payments business [[WorldFirst]] and vice-chairman at investment managers, Ruffer LLP. He has held numerous other positions including chairman of [[Prudential plc]], one of Britain's largest insurance companies, a non-executive director on the [[Board of directors#Terminology|board of governors]] of the [[Rio Tinto Group]] and until June 2015 was chairman of [[Virgin Money]], seeing the business through its [[Initial public offering|IPO]]. In March 2008, he was announced as Warden of [[Winchester College]] and, in 2010, was [[Master of the Mercers' Company]]. |
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==Early life== |
==Early life== |
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David Cecil Clementi was born on 25 February 1949. His father, [[Cresswell Clementi]], was an [[ |
David Cecil Clementi was born on 25 February 1949. His father, [[Cresswell Clementi]], was an [[air vice-marshal]] in the [[Royal Air Force]]. His grandfather [[Cecil Clementi|Sir Cecil Clementi]] was Governor of Hong Kong from 1925 to 1930 and Governor and Commander-in-Chief of the [[Straits Settlements]] from 1930 to 1934. His great-great-grandfather was [[Italian people|Italian]]-[[Swiss people|Swiss]] musician [[Muzio Clementi]]. His maternal grandfather was Sir Henry Pelham,<ref>{{Cite news |date=20 December 1949 |title=Obituary: Sir Henry Pelham |work=[[The Times]] |pages=7}}</ref> [[Permanent secretary|Permanent Secretary]] of the [[Board of education|Board of Education]] from 1931 to 1937. |
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He was educated at Winchester College, where he was captain of athletics and a distinguished footballer. He then went to [[Lincoln College, Oxford]], where he obtained a degree in [[Philosophy, Politics, and Economics]] and a [[blue (university sport)|blue]] for athletics. After graduating, he qualified as a [[chartered accountant]].<ref>Winchester College Register 1992</ref> He graduated [[Master of Business Administration|MBA]] from [[Harvard Business School]] in 1975. |
He was educated at Winchester College, where he was captain of athletics and a distinguished footballer. He then went to [[Lincoln College, Oxford]], where he obtained a degree in [[Philosophy, Politics, and Economics]] and a [[blue (university sport)|blue]] for athletics. He was a member of the Great Britain Junior athletics team in 1968. After graduating, he qualified as a [[chartered accountant]].<ref>Winchester College Register 1992</ref> He graduated [[Master of Business Administration|MBA]] ([[Baker Scholar]]) from [[Harvard Business School]] in 1975. |
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==Career== |
==Career== |
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After graduating from Harvard Business School, Clementi commenced a career in the finance industry |
After graduating from Harvard Business School, Clementi commenced a career in the finance industry. He spent 22 years at investment bank [[Kleinwort Benson]]. In 1994, Clementi and [[Nicholas Redmayne]] were appointed as joint chief executives of investment banking.<ref>''Banking World'', Vol. 12 (1994), p. 37</ref> His nickname at Kleinwort Benson was "The Duke".<ref>{{cite web|url=https://www.bbc.com/aboutthebbc//whoweare/david-clementi|title=David Clement|publisher=BBC|archive-url=https://web.archive.org/web/20200722133223/https://www.bbc.com/aboutthebbc//whoweare/david-clementi|access-date=21 September 2020|archive-date=22 July 2020}}</ref> |
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| ⚫ | Clementi was [[Deputy Governor of the Bank of England]] from 1997 to 2002. In December 2002, he became chairman of [[Prudential plc]], until December 2008. He was chairman of [[Virgin Money UK|Virgin Money]] from October 2011<ref>{{cite press release |url=https://uk.virginmoney.com/virgin/news-centre/press-releases/2011/virgin-money-appoint-sir-david-clementi-as-chairman.jsp |title=Virgin Money appoints Sir David Clementi as Chairman |publisher=[[Virgin Money (brand)|Virgin Money]] |date=7 October 2011 |access-date=31 December 2011}}</ref> until May 2015.<ref>{{cite news |author=Tom Keighley |date=21 May 2015 |title=Glen Moreno takes up chairman seat at Virgin Money |url=http://www.thejournal.co.uk/business/business-news/glen-moreno-takes-up-chairman-9302531 |url-status=dead |archive-url=https://web.archive.org/web/20170929000659/http://www.thejournal.co.uk/business/business-news/glen-moreno-takes-up-chairman-9302531 |archive-date=29 September 2017 |access-date=28 September 2017 |publisher=[[The Journal (Newcastle upon Tyne newspaper)|The Journal]]}}</ref> From February 2017 to February 2021, he was [[Chairman of the BBC]].<ref>{{cite web |date=10 January 2017 |title=Ex bank deputy Sir David Clementi to be next BBC chairman |url=https://www.bbc.co.uk/news/uk-38568597 |publisher=BBC}}</ref> |
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In June 2002, he told the [[Treasury Select Committee|Treasury select committee]] that a [[house price crash]] was a virtual certainty. He said, "I said in April that the level of house price inflation, then running in the mid-teens was unsustainable. Since then we've seen something of an acceleration ... and the longer it goes on, the sharper is likely to be the eventual adjustment."<ref>{{cite news|url=https://www.telegraph.co.uk/news/uknews/1397231/House-prices-heading-for-sudden-fall-warns-Bank.html|title=House prices heading for sudden fall, warns Bank|work=[[The Daily Telegraph]]|date=14 June 2002|location=London|author=Helen Dunne}}</ref> |
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He held a number of other board positions. He was a non-executive director of [[Rio Tinto Group]] from 2003 to 2010; a Non-Executive Director of [[Foreign & Colonial Investment Trust]] from 2008 to 2012; vice-chairman at investment managers, Ruffer LLP from 2011 to 2017; chairman of international payments business World First<ref>{{Cite web |date=2006 |title=WorldFirst Management Team |url=https://www.worldfirst.com/uk/about-us/ |website=WorldFirst UK Limited}}</ref> from 2011 to 2018 and chairman of [[King's Cross Central]], responsible for the regeneration of the King's Cross Estate, from 2008 to 2024. |
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| ⚫ | In July 2003, he was given the task, by the [[Secretary of State for Constitutional Affairs]], [[Charles Falconer, Baron Falconer of Thoroton|Lord Falconer of Thoroton]], of undertaking a wide-ranging independent review of the regulation of [[Legal services in the United Kingdom|legal services in England and Wales]], |
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Among non-business interests, he was on the board of [[The Royal Opera House]] from 2006 to 2014, Warden (chairman of the governing body) of [[Winchester College]] from 2008 to 2014, Master of the [[Worshipful Company of Mercers|Mercers' Company]] 2010 to 2011, and a trustee of [[The Royal Society of Medicine]] from 2010 to 2016. |
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In 2004, Clementi was appointed Knight Bachelor.<ref>{{Cite web|url=http://bbc.com/aboutthebbc//whoweare/david-clementi|title=Sir David Clementi|website=bbc.com|access-date=2019-09-27}}</ref> |
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| ⚫ | He wrote two reports for [[HM Government]]. In July 2003, he was given the task, by the [[Secretary of State for Constitutional Affairs]], [[Charles Falconer, Baron Falconer of Thoroton|Lord Falconer of Thoroton]], of undertaking a wide-ranging independent review of the regulation of [[Legal services in the United Kingdom|legal services in England and Wales]], published in December 2004 and known generally as the Clementi report.<ref>{{cite web |author=Sir David Clementi |date=March 2004 |title=The Clementi Report |url=http://www.legal-services-review.org.uk/content/consult/consult_reviewpaper.pdf |url-status=dead |archive-url=http://webarchive.nationalarchives.gov.uk/20070307120821/http://www.legal-services-review.org.uk/content/consult/consult_reviewpaper.pdf |archive-date=7 March 2007 |access-date=10 August 2020 |website=[[The National Archives (United Kingdom)|The National Archives]]}}</ref> In September 2015, he was asked by the Secretary of State for the [[Department for Culture, Media and Sport]] (DCMS) to write a report on the governance of the BBC, published in March 2016 entitled "A Review of the Governance and Regulation of the BBC".<ref>{{Cite web |date=1 March 2016 |title=A Review of the Governance and Regulation of the BBC |url=https://www.gov.uk/government/publications/a-review-of-the-governance-and-regulation-of-the-bbchttps://webarchive.nationalarchives.gov.uk/ukgwa/20161004083630mp_/https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/504003/PDF_FINAL_20160224_AM_Clementi_Review.pdf |archive-url= |website=www.gov.uk}}</ref> |
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| ⚫ | He was |
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In |
In 2004, Clementi was appointed Knight Bachelor.<ref>{{Cite web|url=http://bbc.com/aboutthebbc//whoweare/david-clementi|title=Sir David Clementi|website=bbc.com|access-date=2019-09-27}}</ref> |
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== Personal life == |
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Clementi married Sarah Louise Cowley, daughter of Dr Anthony Beach Cowley and Mary Mabel Bebington, on 23 September 1972. They have one daughter (Anna Lucy, born 26 November 1976) and one son (Thomas Cowley, born 17 April 1979). |
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==References== |
==References== |
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{{Reflist}} |
{{Reflist}} |
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{{s-start}} |
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{{s-media}} |
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{{s-bef | before=[[Rona Fairhead]] | as=Chair of the [[BBC Trust]] }} |
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{{s-ttl | title=Chair of the [[BBC Board]] | years=16 February 2017 – 15 February 2021 }} |
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{{s-aft | after=[[Richard Sharp (banker)|Richard Sharp]] }} |
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{{s-end}} |
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{{Monetary Policy Committee (United Kingdom)}} |
{{Monetary Policy Committee (United Kingdom)}} |
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[[Category:People educated at Winchester College]] |
[[Category:People educated at Winchester College]] |
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[[Category:Monetary Policy Committee members]] |
[[Category:Monetary Policy Committee members]] |
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[[Category:Deputy |
[[Category:Deputy governors of the Bank of England]] |
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[[Category:Harvard Business School alumni]] |
[[Category:Harvard Business School alumni]] |
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[[Category:British people of Italian descent]] |
[[Category:British people of Italian descent]] |
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Latest revision as of 13:37, 8 November 2024
David Clementi | |
|---|---|
| Chairman of the BBC | |
| In office 3 April 2017 – 15 February 2021 | |
| Preceded by | Rona Fairhead (Chair of the BBC Trust) |
| Succeeded by | Richard Sharp |
| Deputy Governor of the Bank of England | |
| In office 1997–2002 | |
| Preceded by | Sir Howard Davies |
| Succeeded by | Andrew Large |
| Personal details | |
| Born | David Cecil Clementi 25 February 1949 (age 75) |
| Nationality | British |
| Parent | Cresswell Clementi |
| Relatives | Cecil Clementi (paternal grandfather) Sir Henry Pelham (maternal grandfather) Cecil Clementi Smith (paternal great great uncle) Muzio Clementi (paternal great-great grandfather) |
| Education | Winchester College Lincoln College, Oxford Harvard Business School |
| Occupation | Businessman |
Sir David Cecil Clementi (born 25 February 1949) is a British business executive. He is a former deputy governor of the Bank of England, a former chairman of Prudential plc, and a former chairman of the BBC.
In March 2008, he was announced as warden of Winchester College and, in 2010, was Master of the Mercers' Company.
Early life
[edit]David Cecil Clementi was born on 25 February 1949. His father, Cresswell Clementi, was an air vice-marshal in the Royal Air Force. His grandfather Sir Cecil Clementi was Governor of Hong Kong from 1925 to 1930 and Governor and Commander-in-Chief of the Straits Settlements from 1930 to 1934. His great-great-grandfather was Italian-Swiss musician Muzio Clementi. His maternal grandfather was Sir Henry Pelham,[1] Permanent Secretary of the Board of Education from 1931 to 1937.
He was educated at Winchester College, where he was captain of athletics and a distinguished footballer. He then went to Lincoln College, Oxford, where he obtained a degree in Philosophy, Politics, and Economics and a blue for athletics. He was a member of the Great Britain Junior athletics team in 1968. After graduating, he qualified as a chartered accountant.[2] He graduated MBA (Baker Scholar) from Harvard Business School in 1975.
Career
[edit]After graduating from Harvard Business School, Clementi commenced a career in the finance industry. He spent 22 years at investment bank Kleinwort Benson. In 1994, Clementi and Nicholas Redmayne were appointed as joint chief executives of investment banking.[3] His nickname at Kleinwort Benson was "The Duke".[4]
Clementi was Deputy Governor of the Bank of England from 1997 to 2002. In December 2002, he became chairman of Prudential plc, until December 2008. He was chairman of Virgin Money from October 2011[5] until May 2015.[6] From February 2017 to February 2021, he was Chairman of the BBC.[7]
He held a number of other board positions. He was a non-executive director of Rio Tinto Group from 2003 to 2010; a Non-Executive Director of Foreign & Colonial Investment Trust from 2008 to 2012; vice-chairman at investment managers, Ruffer LLP from 2011 to 2017; chairman of international payments business World First[8] from 2011 to 2018 and chairman of King's Cross Central, responsible for the regeneration of the King's Cross Estate, from 2008 to 2024.
Among non-business interests, he was on the board of The Royal Opera House from 2006 to 2014, Warden (chairman of the governing body) of Winchester College from 2008 to 2014, Master of the Mercers' Company 2010 to 2011, and a trustee of The Royal Society of Medicine from 2010 to 2016.
He wrote two reports for HM Government. In July 2003, he was given the task, by the Secretary of State for Constitutional Affairs, Lord Falconer of Thoroton, of undertaking a wide-ranging independent review of the regulation of legal services in England and Wales, published in December 2004 and known generally as the Clementi report.[9] In September 2015, he was asked by the Secretary of State for the Department for Culture, Media and Sport (DCMS) to write a report on the governance of the BBC, published in March 2016 entitled "A Review of the Governance and Regulation of the BBC".[10]
In 2004, Clementi was appointed Knight Bachelor.[11]
Personal life
[edit]Clementi married Sarah Louise Cowley, daughter of Dr Anthony Beach Cowley and Mary Mabel Bebington, on 23 September 1972. They have one daughter (Anna Lucy, born 26 November 1976) and one son (Thomas Cowley, born 17 April 1979).
References
[edit]- ^ "Obituary: Sir Henry Pelham". The Times. 20 December 1949. p. 7.
- ^ Winchester College Register 1992
- ^ Banking World, Vol. 12 (1994), p. 37
- ^ "David Clement". BBC. Archived from the original on 22 July 2020. Retrieved 21 September 2020.
- ^ "Virgin Money appoints Sir David Clementi as Chairman" (Press release). Virgin Money. 7 October 2011. Retrieved 31 December 2011.
- ^ Tom Keighley (21 May 2015). "Glen Moreno takes up chairman seat at Virgin Money". The Journal. Archived from the original on 29 September 2017. Retrieved 28 September 2017.
- ^ "Ex bank deputy Sir David Clementi to be next BBC chairman". BBC. 10 January 2017.
- ^ "WorldFirst Management Team". WorldFirst UK Limited. 2006.
- ^ Sir David Clementi (March 2004). "The Clementi Report" (PDF). The National Archives. Archived from the original (PDF) on 7 March 2007. Retrieved 10 August 2020.
- ^ "A Review of the Governance and Regulation of the BBC" (PDF). www.gov.uk. 1 March 2016.
- ^ "Sir David Clementi". bbc.com. Retrieved 27 September 2019.
Categories:
- 1949 births
- Living people
- Alumni of Lincoln College, Oxford
- Prudential plc people
- Chairmen of the BBC
- People educated at Winchester College
- Monetary Policy Committee members
- Deputy governors of the Bank of England
- Harvard Business School alumni
- British people of Italian descent
- Knights Bachelor
- BBC Board members
- Wardens of Winchester College