Finance Minister Prof. Edward Scicluna received a courtesy visit from Sir Andrew Large, former Deputy Governor of the Bank of England, and a member of its Monetary Policy Committee between September 2002 and January 2006.

The meeting chiefly concerned itself with matters related to enhancing and safeguarding financial stability and the Government’s role in this regard.

Sir Andrew Large’s career has covered a wide range of senior positions in the world of finance, both within the private and public sectors. He spent twenty years in investment banking, first with Orion Bank and then with Swiss Bank Corporation, serving on its Management Board from 1987-1989.

A former Deputy Governor of the Bank of England between 2002 and 2006 as well as Chairman of the precursor of the FSA, the Securities and Investments Board between 1992 and 1997, Sir Andrew Large also served as Deputy Chairman of Barclays between 1998 and 2002.

During his period at Barclays until 2000, Sir Andrew Large was also Chairman of Euroclear in Brussels. Concurrently, he served as the Managing Director of the IMF’s Capital Markets Consultative Group between 1999 and 2002, and for the Group of 30 (G30 – Consultative Group on International Economic and Monetary Affairs, Inc.), he chaired a global report into strengthening the global financial infrastructure in clearing and settlement.

Currently, Sir Andrew Large is Adviser to Hedge Fund Standards Board Ltd which succeeds his chairmanship of the standards-creating initiative for hedge fund managers. He is also Chairman of MW TOPS Ltd, a quoted hedge fund which invests in funds managed by Marshall Wace. He is also Chairman of the Board Risk Committee of Axis, Bermuda and a Senior Adviser to Oliver Wyman.

Sir Andrew Large has a keen interest in education and is on the Board of INSEAD and a Governor of Christ College, Brecon, having recently retired from the Wardenship of Winchester College.

Earlier this year, Sir Andrew Large was appointed by the Royal Bank of Scotland Group to head-up an independent review into how it lends to small firms, as part of a review in a bid to reinforce its position as a bank that supports the UK economy after the government bailed it out during the financial crisis.

– Wednesday, 11th September, 2013