Sir Callum McCarthy is the former Chairman of the Financial Services Authority

Financial Services Authority

The Financial Services Authority is a quasi-judicial body responsible for the regulation of the financial services industry in the United Kingdom. Its board is appointed by the Treasury and the organisation is structured as a company limited by guarantee and owned by the UK government. Its main...

.

Biography

McCarthy attended Manchester Grammar School

Manchester Grammar School

The Manchester Grammar School is the largest independent day school for boys in the UK . It is based in Manchester, England...

, then graduated from the University of Oxford

University of Oxford

The University of Oxford is a university located in Oxford, United Kingdom. It is the second-oldest surviving university in the world and the oldest in the English-speaking world. Although its exact date of foundation is unclear, there is evidence of teaching as far back as 1096...

. 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

McCarthy has held various high profile private sector and government regulatory positions.

• 1965 - Economics researcher at chemical corporation ICI
  Imperial Chemical Industries
  Imperial Chemical Industries was a British chemical company, taken over by AkzoNobel, a Dutch conglomerate, one of the largest chemical producers in the world. In its heyday, ICI was the largest manufacturing company in the British Empire, and commonly regarded as a "bellwether of the British...
  
   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
  Roy Hattersley
  Roy Sydney George Hattersley, Baron Hattersley is a British Labour politician, author and journalist from Sheffield. He served as Deputy Leader of the Labour Party from 1983 to 1992.-Early life:...
  
   when he was Secretary of State for Prices and Consumer Protection and to Norman Tebbit
  Norman Tebbit
  Norman Beresford Tebbit, Baron Tebbit, CH, PC , is a British politician. A member of the Conservative Party, he served in the Cabinet from 1981 to 1987 as Secretary of State for Employment...
  
   when he was Secretary of State for Trade and Industry.
• 1985 - Director of Corporate Finance at investment bank Kleinwort Benson
  Kleinwort Benson
  Kleinwort Benson is a leading Private Bank that offers a wide range of financial services to private and corporate clients from offices throughout the United Kingdom and Channel Islands. The bank has its headquarters on St George Street in Mayfair, and is supported by seven UK regional and two...
  
  
• 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
  Peter Mandelson
  Peter Benjamin Mandelson, Baron Mandelson, PC is a British Labour Party politician, who was the Member of Parliament for Hartlepool from 1992 to 2004, served in a number of Cabinet positions under both Tony Blair and Gordon Brown, and was a European Commissioner...
  
   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
  Financial Services Authority
  The Financial Services Authority is a quasi-judicial body responsible for the regulation of the financial services industry in the United Kingdom. Its board is appointed by the Treasury and the organisation is structured as a company limited by guarantee and owned by the UK government. Its main...
  
   (FSA)
• October 2008 - Non-executive board member of HM Treasury
  HM Treasury
  HM Treasury, in full Her Majesty's Treasury, informally The Treasury, is the United Kingdom government department responsible for developing and executing the British government's public finance policy and economic policy...
  
  
• Current - Non-executive Chairman of Castle Trust (see - http://www.castletrust.co.uk/about-us/who-we-are)

Quotation

McCarthy at FSA

Financial Services Authority

The Financial Services Authority is a quasi-judicial body responsible for the regulation of the financial services industry in the United Kingdom. Its board is appointed by the Treasury and the organisation is structured as a company limited by guarantee and owned by the UK government. Its main...

Financial Crime Conference in 2005.