Bruce Carnegie-Brown

Bruce Neil Carnegie-Brown (born December 1959)[1] has been Chairman of the insurance market Lloyd’s of London since June 2017, and is Vice Chairman of Banco Santander. He is also chairman of the Marylebone Cricket Club, Cuvva Ltd, and is Chair of the Leadership Council of TheCityUK. He was appointed a Deputy Lieutenant of Greater London in 2015.[2]

Bruce Carnegie-Brown
BornDecember 1959
Alma materUniversity of Oxford
OccupationBusinessman
TitleChairman, Lloyd’s of London
TermJune 2017 - present
Children4

Early life and education

Bruce Carnegie-Brown was born on 27 December 1959 in Freetown, British Sierra Leone. His father was an engineer and tobacco executive, and the family relocated often, including to Libya, Jordan, Tanzania and Malaysia.[3] He attended Cheltenham College,[4] in 1973 and leaving in 1977. In 1977, he won a scholarship to study English Language and Literature at Exeter College, Oxford matriculating in 1978 and graduating with a First Class Honours degree in 1981.[5][6]

Career

After leaving university, Carnegie-Brown spent four years at Bank of America as an investment banker, before joining JP Morgan, where he worked for 18 years, including three years in Tokyo as chairman and head of their Asia-Pacific investment banking business from 1997 to 2000. He was a member of the Global Investment Banking Management Committee from 1997 to 2000 and a member of the Global Markets Management Committee from 2001 to 2003.[5][7] From 2003 to 2006 he worked for insurance broker Marsh & McLennan as CEO of its UK, European and Middle East businesses.[3][8]

Carnegie-Brown was later hired in 2006 as a managing partner at 3i Quoted Private Equity, leading an activist investment team.[9] He left the position in 2009 before the company was acquired by it’s parent company, 3i.[10]

Carnegie-Brown has since held numerous positions as Chairman and Non-Executive Director for multiple companies, including Close Brothers Group (Non-Executive Director, 2006 to 2014); Catlin Group (Non-Executive Director, 2010 to 2014); Aon UK (Chairman, 2012 to 2015); JLT Group (Non-Executive Director, 2016 to 2017);[11] Moneysupermarket.com Group (Chairman, May 2014 to May 2019) and Santander UK (Non-Executive Director, 2012 to 2021).[12][13]

He has been Chairman of Lloyd's since June 2017, and a vice-chairman of Banco Santander since February 2015. From 2017 to 2020, he was President of the Chartered Management Institute.[14] He was a trustee of Historic Royal Palaces from January 2015 until October 2019 and was a trustee of the Shakespeare's Globe Trust from 2006 to 2014.[5][15] Carnegie-Brown was appointed a Deputy Lieutenant of Greater London in 2015.[2][16]

In 2019, Carnegie-Brown was appointed chairman of InsurTech start-up Cuvva Ltd.[17]

In October 2021 he became Chairman of the Marylebone Cricket Club. In July 2022, the Club announced that a disciplinary panel had imposed a six-month suspension of his membership of the Club, suspended for a period of two years, following a hot mic incident.[18]

In April 2022, Carnegie-Brown was appointed Chair of the Leadership Council of TheCityUK, an advocacy group promoting financial and related professional services industries of the United Kingdom.[2][19]

Personal life

Bruce lives in Putney, London, and is married to Jane and has four children.[5] His brother, Ian Carnegie-Brown, is an investment banker at UBS.[20]

References
  1. Bruce Neil CARNEGIE BROWN Companies House
  2. "TheCityUK appoints Bruce Carnegie-Brown as Chair of its Leadership Council" (Press Release). 24 February 2022.
  3. Unwin, Rosamund (13 May 2018). "We have to be the insurers' Amazon". The Times. Retrieved 12 August 2018.
  4. "Floreat Cheltonia" (11). January 2018: 3. Retrieved 6 March 2019. {{cite journal}}: Cite journal requires |journal= (help)
  5. Bow, Michael (1 June 2018). "Business interview: Lloyd's chairman Bruce Carnegie-Brown rings the changes on a brave new era in Lime Street". London Evening Standard. Retrieved 12 August 2018.
  6. "Exter Matters" (PDF). Exeter College, Oxford. 2016. Archived from the original (PDF) on 12 August 2018.
  7. "Mr Bruce Carnegie-Brown". Banco Santander. Retrieved 10 August 2018.
  8. Griffiths, Katherine (25 May 2006). "UK head of world's largest insurance broker to quit". The Daily Telegraph. Retrieved 12 August 2018.
  9. Quinn, James (30 November 2006). "3i hires Carnegie-Brown to head activist investment team".
  10. Walkinshaw, Danny (21 April 2009). "Sale rumours blossom as Carnegie-Brown leaves 3i".
  11. "Carnegie-Brown steps down from JLT board". 14 June 2017.
  12. "People Moves: Postlewhite Departs QBE Re; Lloyd's Reappoints Chairman Carnegie-Brown; Liberty Specialty Appoints Pavie in France". 17 June 2022.
  13. "Carnegie-Brown abandona el consejo de Santander UK". 5 October 2021.
  14. "Bruce Carnegie-Brown named new CMI president". Chartered Management Institute. Retrieved 10 August 2018.
  15. "Bruce Neil Carnegie-Brown". market-screener.com. Retrieved 12 August 2018.
  16. "Deputy Lieutenants". Greater London Lieutenants.
  17. Axling, Ida (10 October 2019). "Lloyd's chairman Bruce Carnegie-Brown joins Cuvva". Insurance Age.
  18. The Times, Ida (29 July 2022). "MCC chairman is caught out after colostomy bag gaffe". The Times.
  19. Jones, Huw (29 June 2023). "Finance sector tells UK regulators to use new post-Brexit remit". Reuters.
  20. "UBS plucks 'grey hair' from rival Swiss bank".
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