David Clementi

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David Clementi

Sir David Cecil Clementi (born 25 February 1949) is Chairman of Prudential plc

Prudential plc

Prudential plc is a United Kingdom-based financial services company. The company has over 21 million customers worldwide. As well as the UK arm of its operations it has operations in 12 countries in Asia and owns Jackson National Life in the United States....
, one of Britain's largest insurance companies.

His father, Cresswell Clementi

Cresswell Clementi

Air Vice Marshal Cresswell Montagu Clementi Order of the Bath, Order of the British Empire was the son of Cecil Clementi, governor of Hong Kong....
, was an Air Vice-Marshal

Air Vice-Marshal

Air Vice-Marshal is an air officer rank which originated in and continues to be used by the Royal Air Force. The rank is also used by the air forces of many countries which have historical British influence and it is sometimes used as the English translation of an equivalent rank in countries which have a non-English air force-specific ran...
in the Royal Air Force

Royal Air Force

The Royal Air Force is the United Kingdom's air force, the oldest independent air force in the world. Formed on 1 April 1918, the RAF has taken a significant role in British military history ever since, playing a large part in World War II and in more recent conflicts....
. His grandfather was Governor of Hong Kong.

David Clementi was educated at Winchester College

Winchester College

Winchester College is a famous boys' independent school, set in the city of Winchester, Hampshire in Hampshire, England, once the ancient capital....
, where he was captain of athletics and a distinguished footballer. He then went to Lincoln College, Oxford

Lincoln College, Oxford

Lincoln College is one of the Colleges of the University of Oxford of the University of Oxford in the United Kingdom. It is situated in the centre of Oxford, backing onto Brasenose College, Oxford and, lying on Turl Street as it is, is the second oldest of the three Turl Street Colleges ....
, where he obtained a degree in Politics, Philosophy and Economics and a blue

Blue

Blue is a colour, the perception of which is evoked by light having a spectrum dominated by energy with a wavelength of roughly 440?490 Nanometre....
for athletics.

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Sir David Cecil Clementi (born 25 February 1949) is Chairman of Prudential plc

Prudential plc

Cresswell Clementi

Air Vice Marshal Cresswell Montagu Clementi Order of the Bath, Order of the British Empire was the son of Cecil Clementi, governor of Hong Kong....
, was an Air Vice-Marshal

Air Vice-Marshal

Royal Air Force

Winchester College

Lincoln College, Oxford

Blue

Blue is a colour, the perception of which is evoked by light having a spectrum dominated by energy with a wavelength of roughly 440?490 Nanometre....
for athletics. After graduating he qualified as a chartered accountant

Chartered Accountant

Chartered Accountant is the title used by members of certain professional accountancy associations in the British Commonwealth of Nations countries and Republic of Ireland....
. He then had a career in the finance industry culminating in his appointment as Deputy Governor of the Bank of England

Bank of England

The Bank of England is the central bank of the United Kingdom and is the model on which most modern, large central banks have been based. Since 1946 it has been a Nationalisation institution....
.

In June 2002 he told the 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."

In July 2003, he was given the task, by the Secretary of State for Constitutional Affairs

Secretary of State for Constitutional Affairs

The Secretary of State for Justice is a United Kingdom cabinet of the United Kingdom position. It was created in 2007 replacing the abolished Department for Constitutional Affairs, which was originally intended to fulfil those functions of the office of Lord Chancellor which related to the Lord Chancellor's Department....
, Baron Falconer of Thoroton

Charles Falconer, Baron Falconer of Thoroton

Charles Leslie Falconer, Baron Falconer of Thoroton, Privy Council of the United Kingdom, Queen's Counsel is a United Kingdom barrister and Labour Party politician....
, of undertaking a wide-ranging independent review of the regulation of legal services in England and Wales, now known generally as the .

In March 2008, he was announced as Warden of Winchester College

Winchester College

Winchester College is a famous boys' independent school, set in the city of Winchester, Hampshire in Hampshire, England, once the ancient capital....
to replace Sir Andrew Large

Andrew Large

Sir Andrew McLeod Brooks Large was a member of the Bank of England's Monetary Policy Committee from September 2002 to January 2006. He was born 7 August 1942, the son of Major General Stanley Eyre Large, M.B.E., and was educated at Winchester College and Corpus Christi College, Cambridge , and at INSEAD Fontainebleu ....
on his retirement in September 2008.