Adair Turner has combined careers in business, public policy and academia. He became Chairman of the UK Financial Services Authority as the financial crisis broke in September 2008, and played a leading role in the redesign of the global banking and shadow banking regulation as Chairman of the International Financial Stability Board’s major policy committee. He is now a Senior Fellow of the Institute for New Economic Thinking, and at the Centre for Financial Studies in Frankfurt. The Institute for New Economic Thinking is a global economic research foundation committed to the development of real world solutions to the economic and social challenges of the 21st century.
Prior to 2008 Lord Turner was a non-executive Director at Standard Chartered Bank (2006-2008); Vice-Chairman of Merrill Lynch Europe (2000-2006); and from 1995-1999, Director General of the Confederation of British Industry. He was with McKinsey & Co. from 1982 to 1995.
Adair became a cross-bench member of the House of Lords in 2005 and was appointed Chair of the Climate Change Committee in 2008, stepping down in 2012; he also chaired the Pensions Commission from 2003 to 2006, and the Low Pay Commission from 2002 to 2006.
He is the author of 'Just Capital – The Liberal Economy' (Macmillan, 2001), and ‘Economics after the Crisis, (MIT Press, 2012), and holds Visiting Professorships at the London School of Economics and at Cass Business School, City University. He is a Trustee and Chair of the Audit Committee at the British Museum.
Lord Turner studied History and Economics at Caius College, Cambridge.