Senior business and accounting execs in birthday honours list
10 Jun 2019
The deputy chair of KPMG and a senior PwC partner are among those from the world of finance and accounting named in the Queen’s birthday honours list
10 Jun 2019
In total 1,073 people received an award, almost half of them women (47%), with representatives from industry and the economy making up 13% of this year’s list.
There were damehoods for Carolyn Fairbairn, CBI director general, for services to UK business, and for Elizabeth Corley, vice chair of Allianz Global Investors, for her work on diversity.
Fairbairn’s citation described her as ‘an outstanding advocate for British business, ensuring the views and interests of the CBI’s members are able to inform public policy and can be at the heart of public debate on critical issues’. It also referenced her role as a non-executive director at the Financial Services Authority, saying ‘she was instrumental in the response to the collapse of Northern Rock and the restructuring of the FSA that led to the creation of the PRA and the FCA.’
Corley’s citation hailed her as ‘one of the most respected senior leaders in the financial services industry, a champion of responsible capitalism, and a leading advocate of social impact investing’. As part of the European financial services chairman’s advisory committee, she has played a critical role in advising both the Treasury and the European Commission in the lead up to Brexit.
Corley was also recognised for her work driving forward the agenda on social impact investing, having recently provided a report with recommendations on this issue and now heading up a taskforce to implement them.
Senior PwC partner Charles Bowman, who was formerly lord mayor of London, was knighted, for services to trust in business, international trade and the City of London.
Bowman was described as ‘unremitting in his aim of securing greater business transparency and accountability including through his 'Business of Trust' campaign and his work with the ICAEW where he has chaired the audit and assurance faculty, the assurance panel and currently chairs the audit quality forum’. He was also commended for an ‘outstanding’ performance as Lord Mayor, with an instrumental role in the development of the National Trade Academy Programme.
Kevin Ellis, chairman and senior partner of PwC, said: ‘This knighthood recognises Charles' exceptional contribution in the professional services sector and wider market. He has worked tirelessly to challenge and encourage businesses to connect with their communities, operate responsibly and have a positive impact on society and the environment.’
Bowman said: ‘I am very honoured to receive this recognition. It has been a privilege to have served as the 690th Lord Mayor of London and to have been able to play such a purposeful role supporting the City and UK financial and professional services at home and abroad. I hope that the Business of Trust initiative will build a lasting legacy of better business, trusted by society.’
Others given a knighthood for services to business and charity included Ian Davis, chairman of Rolls-Royce Holdings, James Wates, chair of Wates Group, and Archibald Tunnock who heads up the family firm making Tunnocks teacakes and wafers. Tunnock created Tunnock's Tea Cake in 1956, and now in his 80s, with over 550 employees and a turnover of £52m, he still spends most days on the factory floor. The citation noted his employees show an exceptional amount of loyalty both to him and his company with an average length of service of 22 years, and many second and third generation family employees. Since becoming managing director in 1981, Tunnock's now exports to over 30 countries.
Melanie Richards, KPMG’s deputy chair, was awarded a CBE for services to business and inclusion. Other recipients included Francis Martin president, British Chambers of Commerce, and partner, BDO Northern Ireland, for services to UK business, and Stuart Patrick, chief executive, Glasgow Chamber of Commerce, for services to business and the economy in Glasgow.
Former PwC partner Tina Hallett was awarded a CBE for services to Civil Society to Mentoring and to coaching. Tina was the first chair of PwC's Women’s Network, formed in 2000, and led the firm’s government and public sector practice between 2014 and 2018. She retired from PwC last year.
Lesley Titcomb, outgoing head of The Pensions Regulator, also received a CBE.
At the Treasury, Richard Brown, formerly Treasury officer of accounts, receives a CVO. There are OBEs for Rubeela Qayyum Treasury accountant and head of exchequer funds and accounts, HMRC tax policy expert Barbara Ann Farndell, and Karl Young, HMRC senior lawyer.
Rhian-Mari Thomas, chief executive, Green Finance Institute, and lately chairwoman, Barclays Green Banking Council, and global head, Barclays Green Banking, was given an OBE for services to green banking.