Robert Leigh-Pemberton, Baron Kingsdown

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Baron Kingsdown in the regalia of a Knight of the Order of the Garter (2006)

Robin Robert Leigh-Pemberton, Baron Kingsdown , KG , PC (born January 5, 1927 in Sittingbourne , Kent ; † November 24, 2013 ) was a British banker .

biography

After attending school, he studied law and, after completing his studies, worked as a lawyer ( barrister ) from 1954 to 1960 . In 1965 he was also licensed as a chartered accountant. Later he was in the local politics involved, and finally from 1975 to 1977 Chairman of the Board of County Kent (Kent County Council).

He was then chairman of the board of the National Westminster Bank between 1977 and 1983, before he succeeded Gordon Richardson, Baron Richardson of Duntisbourne , governor of the British central bank, the Bank of England . In this role he worked from 1983 to 1993 and assumed a key role at the head of the bank in various banking crises in the 1980s . The bank was at the forefront when monetary policy became a central part of government policy again in the 1980s. In 1987 he was inducted into the Privy Council .

On the other hand, he received criticism for his inadequate supervision of the Bank of Credit and Commerce International (BCCI), with the result that it came at the center of the largest international financial scandal to date in 1991, which is known as "The greatest fraud in human history" and was referred to as the "over 20 billion robbery". He was then entrusted with coordinating the closure of BCCI.

After retiring as Governor of the Bank of England, he was raised to the nobility in 1993 as a Life Peer with the title Baron Kingsdown , of Pemberton in the County of Lancashire, and thus also a member of the House of Lords . Edward George, Baron George, was succeeded as Governor of the Bank of England . In 1994 he was also accepted as a Knight Companion in the Order of the Garter.

literature

See also

Individual evidence

  1. ↑ BBC: Former Bank of England governor Lord Kingsdown dies
  2. ^ The London Gazette : No. 50764 (Supplement), p. 1 , December 30, 1986.
  3. ^ Dan Atkinson: Accountants in BCCI net , in The Guardian , January 8, 1999
  4. ↑ “$ 20 billion plus heist” cf. Beaty, J. & Gwynne, SC The Outlaw Bank: A Wild Ride into the Secret Heart of BCCI. Random House, 1993
  5. ^ The London Gazette : No. 53375, p. 12085 , July 19, 1993.
  6. ^ The London Gazette : No. 53654, p. 6173 , April 26, 1994.
personal data
SURNAME Leigh-Pemberton, Robert, Baron Kingsdown
ALTERNATIVE NAMES Robin Robert Leigh-Pemberton, Baron Kingsdown (full name)
BRIEF DESCRIPTION British politician and bank manager
DATE OF BIRTH January 5, 1927
PLACE OF BIRTH Sittingbourne , Kent , England
DATE OF DEATH November 24, 2013