John Kingman

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Person.png John Kingman  Rdf-entity.pngRdf-icon.png
(civil servant, banker)
Born24 April 1969
Member ofBritish-North American Committee, Trilateral Commission
UK revolving door banker/civil servant. Trilateral Commission.

Employment.png Legal & General/Chair

In office
2016 - Present

Employment.png Tesco Bank/Chair

Dates unknown

Employment.png UK Research and Innovation/Chair

In office
2016 - Present

Sir John Oliver Frank Kingman is Chairman of Legal & General (since 2016) and Tesco Bank (since 2020). Before that, Kingman was closely involved with the response to the 2007-9 financial crisis. From 2010-2012 Kingman was Global co-head of the Financial Institutions Group at Rothschild. He is a member of the Trilateral Commission.


Kingman was closely involved with the response to the 2007-9 financial crisis. He handled the nationalisation of Northern Rock, and led negotiations with RBS, Lloyds and HBOS on their £37bn recapitalisation. He was the first chief executive of UK Financial Investments, which managed the Government's bank shareholdings.[1][2]

In the Treasury, his roles included Managing Director, Finance and Industry and Director of the Enterprise & Growth Unit, before becoming Second Permanent Secretary to HM Treasury 2015–2016.

At the Treasury Kingman was responsible for: selling £16bn of Lloyds shares; the first sale of RBS shares; and the largest-ever UK privatisation (£13bn of mortgage assets). Kingman led on liberalisation of the annuity market and creation of the National Infrastructure Commission; he negotiated Greater Manchester's devolution deal, introducing an elected Mayor. Earlier, he was responsible for a fundamental overhaul of the UK competition regime (2001 Enterprise Act), the introduction of the Highly Skilled Migrants’ Programme, and commissioning a series of independent reviews including: Myners (institutional investment); Sandler (savings); Higgs (corporate governance); Barker (housing and planning); Hampton (regulation); and Cooksey (medical research).

He was particularly involved with science funding, working on five spending reviews which prioritised science and in 2004 personally leading the Government's 10 year science and innovation framework. From 2003-6 he was a board Director of the European Investment Bank.

In 2018 he undertook a highly critical review of the Financial Reporting Council, recommending its replacement by a new statutory Audit, Reporting and Governance Authority and ending self-regulation of the major audit firms. The Government has committed to taking forward his recommendations.[3]

Earlier in his career (1995-7) Kingman was a Financial Times Lex columnist. He also worked in the Chief Executive's office at BP, 1997-8.

Personal life

He is the son of the mathematician Sir John Frank Charles Kingman, who served as N. M. Rothschild and Sons Professor of Mathematical Sciences and Director of the Isaac Newton Institute at the University of Cambridge from 2001 until 2006.[4]

Kingman is Deputy Chair of the National Gallery (Acting Chair 2019-20), a Trustee of the oyal Opera House and a World Fellow of Yale University. He chaired the judges for the 2017 Wolfson Economics Prize. He was a member of the steering committee for Lord (Jim) O'Neill's review of anti-microbial resistance,[1] a member of the Prime Minister’s Council for Science and Technology, a member of the Global Advisory Committee for the Centre for Corporate Reputation atOxford University, and a member of the Development Board for the £37m renewal of St-Martin-in-the-Fields. He was elected an Honorary Fellow of the Royal Society in 2021 “for his unwavering support for science throughout his career”.

Kingman’s partner is Diana Gerald, CEO of the charity BookTrust. They live in central London with their daughter.