FacultyFaculty/Author Profile

David Walker

Clifford Chance LLP

London, GBR


Prior to joining Morgan Stanley, Sir David spent two years at Lloyds Bank as Deputy Chairman.  From 1988 to 1992, he was Chairman of the Securities and Investments Board, the British authority at that time regulating the securities markets and, ex officio, a nominated member of the Council of Lloyd's over the same period.  He was Chairman of the International Organisation of Securities Commissions (IOSCO) in 1991-92. Earlier in his career, Sir David held several key posts over a fifteen-year period at the Bank of England where, in 1981, he became one of four Executive Directors of the Bank. He was a non-executive board member of the former CEGB and subsequently of National Power plc between 1984 and 1994. Sir David began his career in 1961 with the British Treasury, where, with for a period on secondment to the International Monetary Fund in Washington (1969-1973), he served until 1977.

In April 2004, Sir David resumed his previous role as Chairman of Morgan Stanley International Limited. At the end of 2005, Sir David retired as Chairman and became Senior Adviser to the Firm.

He is Co-Chairman, University of Cambridge 800th Anniversary Campaign, Chairman of Reuters Venture Capital, Vice-Chairman of the Legal and General group, a member of the Group of Thirty and was Chairman of the London Investment Bankers' Association for 3 years until June 2004. He was also British Co-Chairman of the British-Moroccan Business Council until April 2007.

Sir David was appointed on 1st March 2007 to chair the Review of Disclosure and Transparency in Private Equity. His report "Guidelines for Disclosure and Transparency in Private Equity" was published in November 2007. He was a member of the four-person Committee chaired by Lord Woolf (former Lord Chief Justice) into ethical business conduct in BAE Systems plc which reported in May 2008.

Sir David Walker graduated at Queens' College, Cambridge with a Double First in Economics and became an Honorary Fellow of Queens' in 1989; he was awarded an Honorary LL.D by Exeter University in 2002 and became a Fellow of King's College London in 2008. He is a trustee of the Cicely Saunders Foundation and is Chairman of the Business Leaders' Group of the East End charity Community Links.

In February 2009, Sir David was asked by the Prime Minister to review corporate governance in UK banks and financial institutions in light of the experience of critical loss in the financial system. He published a consultation paper on 16 July and his report with final recommendations was published on 26 November 2009.


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