Nigel Wilson (businessman): Difference between revisions

Sir
Nigel Wilson
Sir Nigel Wilson
Born	Nigel David Wilson; 17 November 1956 (age 68)
Nationality	British
Education	University of Essex; Massachusetts Institute of Technology
Occupation	Businessman
Years active	1977–present
Title	Group CEO, Legal & General
Term	2012–present
Predecessor	Tim Breedon
Successor	Incumbent
Children	5 daughters

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Revision as of 16:37, 26 November 2023

Sir Nigel David Wilson (born 17 November 1956) is a British businessman. He is the Group Chief Executive (CEO) of Legal & General (L&G).

L&G are a FTSE 40 company and market leader in 10 businesses with a market cap of £13bn, £2.6bn operating profit. Four major divisions: Pension Risk Transfer, Capital, Retail and Asset Management, operating in the UK, US, Europe, Middle East and Asia. Roles included Chairman of; Legal & General Assurance Society (UK’s largest insurance company), LGIM (UK’s largest fund manager) LGA (US insurance), Exco, Group Capital Committee and Cala (UK housebuilder). High quality management team.

Knighthood

Nigel was awarded a Knighthood in the 2022 Queens New Years’ Honours List for services to, financial services, regional regeneration and sport.

Under Nigel Wilson’s tenure as CEO, Legal and General has grown to become the UK’s first ￡1 trillion investment manager. Profit has more than doubled to ￡2.4bn (9% compound annual growth) and dividends have almost tripled, which alongside a

tenfold rise in share price since the financial crisis has delivered market- and sector-beating three, five and ten-year Total Shareholder Returns. He has set out a vision for the ￡1.3 trillion of funds managed by Legal and General focused on long-term returns, including greater investment in infrastructure and economic regeneration. His sporting activity as an athlete is separate from his work-related and public-facing activities. As a veteran national athletics champion in 100m, 200m, 400m and 800m, and keen on many other sports, he provides quiet leadership to younger amateur club-level and school athletes.

Education

1979-1982: Massachusetts Institute of Technology, USA: PhD Economics, Awarded two Kennedy Scholarships and Alfred P. Sloan Foundation Grant. Taught statistics and finance and worked at National Bureau of Economic Research and as a computer consultant on complex financial models.
1976-1979: Essex University: MA and BA Economics (1st) – 1st in year. Award for outstanding undergraduate dissertation.

Recent Awards

Britain’s Most Admired Company ‘Overall Winner’ 2022
Britain’s Most Admired ‘Inspirational Leadership 2022
Britain’s Most Admired ‘Effective ESG’ 2022
Britain’s Most Admired ‘Inspirational Leadership’ 2022
Seven Hills Change Makers ‘Change Maker of the Year’ 2019
Britain’s Most Admired ‘Admired Leader’ 2017
City AM's “Business Personality of the Year” 2014

Government and Policy Engagement

Prime Minister’s Business Advisory Group member (2015-2016) Build Back Better (2019-2020)
Member of the Levelling Up Committee (2021-Present)
Commissioner on Resolution Foundation’s Intergenerational Commission (2017-2018)
Member of the expert group’s advising on the government’s Social Care Green Paper (2017-2021) Life Sciences Industrial Strategy Implementation Board (2017-Present)
Chairman of the Bank of England’s Climate Financial Risk Forum, Innovation Working Group (2019-2021), Investment Association’s review of Executive Pay (2016), Purpose Led Businesses (2016-17)

Career

2009 to 2012 - Legal & General: Group Chief Financial Officer
2010 to 2012 - Capita plc: Senior Non-Executive Director
2004 to 2011 - Halfords Plc: Chairman, Senior Non-Executive Director
2001 to 2009 - United Business Media Plc: Deputy CEO and CFO
1996 to 2001- Viridian Group Plc: Chief Executive, Viridian Capital, Group Financial Director
1993 to 1995 - Waste Management International Plc: Finance Director
1992 to 1993 - GPA Ltd: Chief Executive
1988 to 1992 - Stanhope Plc: Chief Executive Officer, Finance Director (Chairman for 6 months)
1986 to 1988 - Dixons Plc: Group Commercial Director, Head of Corporate Finance and Strategy
1983 to 1986 - McKinsey & Co

References

This United Kingdom business-related biographical article is a stub. You can help Wikipedia by expanding it.

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-'''Sir Nigel David Wilson''' (born 17 November 1956) is a British businessman. He is the group chief executive (Group CEO) of [[Legal & General]], a British multinational financial services company.
+Sir Nigel David Wilson (born 17 November 1956) is a British businessman.  He is the Group Chief Executive (CEO) of [https://www.legalandgeneral.com/ Legal & General] (L&G).
-==Early life==
-Wilson earned  a degree in economics from the [[University of Essex]]<ref name=":0">{{Cite news|url=https://www.thetimes.co.uk/article/there-is-so-much-money-around-we-need-to-spend-it-on-our-cities-bk2b2gp8r|title=There is so much money around — we need to spend it on our cities|last=Shah|first=Oliver|date=2016-07-03|work=The Sunday Times|access-date=2018-01-04|issn=0956-1382}}</ref> and a PhD from the [[Massachusetts Institute of Technology]].<ref name=":0" />
+L&G are a FTSE 40 company and market leader in 10 businesses with a market cap of £13bn, [https://group.legalandgeneral.com/en/investors/results-reports-and-presentations?page=1&year=2023&investorTypeId=0 £2.6bn operating profit].  Four major divisions: Pension Risk Transfer, Capital, Retail and Asset Management, operating in the UK, US, Europe, Middle East and Asia.  Roles included Chairman of; Legal & General Assurance Society (UK’s largest insurance company), LGIM (UK’s largest fund manager) LGA (US insurance), Exco, Group Capital Committee and Cala (UK housebuilder).  High quality management team.
-==Career==
-He has been CEO of Legal & General Group since 30 June 2012, having joined as group chief financial officer on 1 September 2009.<ref name="businessweek2">{{cite web|url=http://investing.businessweek.com/research/stocks/people/person.asp?personId=974266&ticker=LGEN:LN|archive-url=https://web.archive.org/web/20131203040155/http://investing.businessweek.com/research/stocks/people/person.asp?personId=974266&ticker=LGEN:LN|url-status=dead|archive-date=3 December 2013|title=Nigel D. Wilson : Executive Profile|date=|publisher=BusinessWeek|access-date=20 November 2012}}</ref>
+==Knighthood==
-He was [[Knight Bachelor|knighted]] in the [[2022 New Year Honours]] for services to the finance industry and regional development.<ref>{{London Gazette|issue=63571|supp=y|page=N2|date=1 January 2022}}</ref>
+Nigel was awarded a Knighthood in the 2022 Queens New Years’ Honours List for services to, financial services, regional regeneration and sport.
+Under Nigel Wilson’s tenure as CEO, Legal and General has grown to become the UK’s first ￡1 trillion investment manager. Profit has more than doubled to ￡2.4bn (9% compound annual growth) and dividends have almost tripled, which alongside a
-In September 2022, Wilson turned down the position as Minister for Investment in the [[Government of the United Kingdom|British government]].<ref>{{Cite news |last=Swinford |first=Richard Fletcher Steven |title=City veteran Wilson snubs Truss offer of ministerial job |language=en |url=https://www.thetimes.co.uk/article/city-veteran-wilson-snubs-truss-offer-of-ministerial-job-bhlqcjd6r |access-date=2022-09-29 |issn=0140-0460}}</ref>
+tenfold rise in share price since the financial crisis has delivered market- and sector-beating three, five and ten-year Total Shareholder Returns. He has set out a vision for the ￡1.3 trillion of funds managed by Legal and General focused on long-term returns, including greater investment in infrastructure and economic regeneration. His sporting activity as an athlete is separate from his work-related and public-facing activities. As a veteran national athletics champion in 100m, 200m, 400m and 800m, and keen on many other sports, he provides quiet leadership to younger amateur club-level and school athletes.
-==Media Commentator==
-During his period as CEO of Legal & General, Wilson has often been quoted in the media on a range of subjects, usually commenting on government policies which he perceives to be anti-business. His frequently outspoken views led [[The Sunday Times]] to describe him as ‘Marmite’.<ref>{{Cite news|url=https://www.thetimes.co.uk/article/nigel-wilson-l-gs-marmite-man-proves-an-acquired-taste-02f59k6hq|title=Nigel Wilson, L&G’s marmite man, proves an acquired taste. The insurer’s chief executive divides the city with his direct style|last=Dunkley|first=Emma|date=2019-10-13|work=The Sunday Times}}</ref> Controversial opinions expressed by Wilson have included several attempts to encourage the government to allow developers to build housing on [[Green Belt]] land.<ref>{{Cite news|url= https://www.bbc.co.uk/news/business-38828477|title=Housebuilder L&G wants ‘reassessment’ of green belt|last=Ahmed|first=Kamal|date=2017-02-01|work=BBC News website}}</ref><ref>{{Cite news|url=https://www.bbc.co.uk/news/uk-england-oxfordshire-48784335|title=Oxford University plans 2,000 new homes in and around city|date=2019-06-27|work=BBC News website}}</ref> He has also been an outspoken critic of government environmental policy, commenting in relation to [[wind farm|wind farms]] that ‘The government is deluding itself that it is saving the world with these ugly modern windmills’.<ref>{{Cite web|url=https://scotlandagainstspin.org/2013/08/plans-to-build-more-wind-farms-are-deluded-lg-boss-warns-the-government/|title=Plans to build more wind farms are 'deluded', L&G boss warns the government|last=Salmon|first=James|date=2013-08-10|work=Scotland Against Spin}}</ref> Wilson went on to claim that Legal & General, one of the UK’s largest investors, ‘would not put a single penny into wind farms’ (although several years later Legal & General did in fact invest circa £700m in large  windfarm developments at [[Walney Wind Farm|Walney]] and [[Hornsea Wind Farm|Hornsea]]<ref>{{Cite news|url=https://group.legalandgeneral.com/zn/newsroom/press-releases/legal-general-completes-financing-on-what-is-soon-to-be-the-largest-wind-farm-in-the-world|title=Legal & General completes financing on what is soon to be the largest windfarm in the world
-|date=2018-11-27|work= Legal & General press release}}</ref>).
+==Education==
-Wilson has made a number of outspoken political interventions, being described as ‘one of the highest profile supporters of Brexit in the Square Mile’.<ref>{{Cite news|url=https://www.telegraph.co.uk/business/2022/08/09/liz-trusss-tax-cuts-could-trigger-wave-investment-uk-says-lg/|title=Liz Truss’s tax cuts could trigger a wave of investment in the UK, says L&G chief|last=Foy|first=Simon|date=2022-08-09|work=The Daily Telegraph}}</ref><ref>{{Cite news|url=https://www.wsj.com/articles/legal-and-general-ceo-skeptical-about-eu-benefits-1407318772?mod=mw_quote_news|title=L&G Chief Says UK Should Quit EU Without Better Deal|last=Samuel|first=Juliet|date=2014-08-06|work=The Wall Street Journal}}</ref> He also spoke in favour of [[Liz Truss]]’ controversial plans for widespread tax-cuts,<ref>{{Cite news|url=https://www.telegraph.co.uk/business/2022/08/09/liz-trusss-tax-cuts-could-trigger-wave-investment-uk-says-lg/|title=Liz Truss’s tax cuts could trigger a wave of investment in the UK, says L&G chief|last=Foy|first=Simon|date=2022-08-09|work=The Daily Telegraph}}</ref> plans which later played a major part in Truss's ill-fated [[September 2022 United Kingdom mini-budget|mini-budget]].
+* 1979-1982: Massachusetts Institute of Technology, USA: PhD Economics, Awarded two Kennedy Scholarships and Alfred P. Sloan Foundation Grant. Taught statistics and finance and worked at National Bureau of Economic Research and as a computer consultant on complex financial models.
-==Personal life==
+* 1976-1979: Essex University: MA and BA Economics (1st) – 1st in year. Award for outstanding undergraduate dissertation.
-Wilson has five daughters.<ref name="L&G bio">{{cite web|url=https://www.legalandgeneralgroup.com/people/nigel-wilson/|title=Nigel Wilson|publisher=Legal & General|date=|access-date=12 January 2020}}</ref> He has won several national masters athletics championships.<ref name="L&G bio"/>
-==References==
+==Recent Awards==
-{{Reflist}}
+* Britain’s Most Admired Company ‘Overall Winner’ 2022
+* Britain’s Most Admired ‘Inspirational Leadership 2022
+* Britain’s Most Admired ‘Effective ESG’ 2022
+* Britain’s Most Admired ‘Inspirational Leadership’ 2022
+* Seven Hills Change Makers ‘Change Maker of the Year’ 2019
+* Britain’s Most Admired ‘Admired Leader’ 2017
+* City AM's “Business Personality of the Year” 2014
+==Government and Policy Engagement==
+* Prime Minister’s Business Advisory Group member (2015-2016) Build Back Better (2019-2020)
+* Member of the Levelling Up Committee (2021-Present)
+* Commissioner on Resolution Foundation’s Intergenerational Commission (2017-2018)
+* Member of the expert group’s advising on the government’s Social Care Green Paper (2017-2021) Life Sciences Industrial Strategy Implementation Board (2017-Present)
+* Chairman of the Bank of England’s Climate Financial Risk Forum, Innovation Working Group (2019-2021), Investment Association’s review of Executive Pay (2016), Purpose Led Businesses (2016-17)
+==Career==
+* 2009 to 2012 - Legal & General: Group Chief Financial Officer
+* 2010 to 2012 - Capita plc: Senior Non-Executive Director
+* 2004 to 2011 - Halfords Plc: Chairman, Senior Non-Executive Director
+* 2001 to 2009 - United Business Media Plc: Deputy CEO and CFO
+* 1996 to 2001- Viridian Group Plc: Chief Executive, Viridian Capital, Group Financial Director
+* 1993 to 1995 - Waste Management International Plc: Finance Director
+* 1992 to 1993 - GPA Ltd: Chief Executive
+* 1988 to 1992 - Stanhope Plc: Chief Executive Officer, Finance Director (Chairman for 6 months)
+* 1986 to 1988 - Dixons Plc: Group Commercial Director, Head of Corporate Finance and Strategy
+* 1983 to 1986 - McKinsey & Co
+==References==
 {{Authority control}}