Bruce Carnegie-Brown
{{Short description|British business executive (born 1959)}}
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| name = Bruce Carnegie-Brown
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| birth_date = {{birth date and age|1959|12|27|df=y}}
| birth_place = Freetown, Sierra Leone
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| alma mater = University of Oxford
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| occupation = Businessman
| title = Chairman, Lloyd’s of London
| term = June 2017 - present
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| children = 4
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Bruce Neil Carnegie-Brown (born 27 December 1959) is vice chairman of Banco Santander and the former Chair of the insurance market Lloyd's of London, from 2017-2025.{{Cite web |title=Bruce Carnegie-Brown re-appointed as Lloyd’s Chairman |url=https://www.lloyds.com/about-lloyds/media-centre/press-releases/bruce-carnegie-brown-reappointed-as-lloyds-chairman |access-date=2025-05-06 |website=www.lloyds.com |language=en}} 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.
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. He attended Cheltenham College,{{cite journal |journal=Floreat |title=Floreat Cheltonia |date=January 2018 |issue=11 |pages=3 |url=https://issuu.com/cheltenhamcollege/docs/floreat-2018-issuu |access-date=6 March 2019}} 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.{{cite web |url=https://staging.exeter.ox.ac.uk/wp-content/uploads/2017/07/exeter-matters-45-16-MT.pdf |title=Exter Matters |date=2016 |publisher=Exeter College, Oxford |archive-url=https://web.archive.org/web/20180812181530/https://staging.exeter.ox.ac.uk/wp-content/uploads/2017/07/exeter-matters-45-16-MT.pdf |archive-date=12 August 2018}}
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.{{cite web |url=https://www.santander.com/csgs/Satellite/CFWCSancomQP01/en_GB/Corporate/Shareholders-and-Investors/Mr-Bruce-Carnegie-Brown.html |title=Mr Bruce Carnegie-Brown |publisher=Banco Santander|access-date=10 August 2018 }} From 2003 to 2006 he worked for insurance broker Marsh & McLennan as CEO of its UK, European and Middle East businesses.{{cite news |last=Unwin |first=Rosamund |date=13 May 2018 |title=We have to be the insurers' Amazon |url=https://www.thetimes.com/business-money/article/we-have-to-be-the-insurers-amazon-jkpw8dmlc |work=The Times |access-date=12 August 2018 }}{{cite news |last=Griffiths |first=Katherine |date=25 May 2006 |title=UK head of world's largest insurance broker to quit |url=https://www.telegraph.co.uk/finance/2939606/UK-head-of-worlds-largest-insurance-broker-to-quit.html |work=The Daily Telegraph |access-date=12 August 2018 }}
Carnegie-Brown was later hired in 2006 as a managing partner at 3i Quoted Private Equity, leading an activist investment team.{{cite web |last1=Quinn |first1=James |title=3i hires Carnegie-Brown to head activist investment team |url=https://www.telegraph.co.uk/finance/2951583/3i-hires-Carnegie-Brown-to-head-activist-investment-team.html |date=30 November 2006}} He left the position in 2009 before the company was acquired by its parent company, 3i.{{cite web |last1=Walkinshaw |first1=Danny |title=Sale rumours blossom as Carnegie-Brown leaves 3i |url=https://www.insurancetimes.co.uk/sale-rumours-blossom-as-carnegie-brown-leaves-3i/1378025.article |date=21 April 2009}}
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);{{cite web |title=Carnegie-Brown steps down from JLT board |url=https://insuranceday.com/ID053830/Carnegie-Brown-steps-down-from-JLT-board |date=14 June 2017}} Moneysupermarket.com Group (chairman, May 2014 to May 2019) and Santander UK (non-executive director, 2012 to 2021).{{cite web |title=People Moves: Postlewhite Departs QBE Re; Lloyd’s Reappoints Chairman Carnegie-Brown; Liberty Specialty Appoints Pavie in France |url=https://www.insurancejournal.com/news/international/2022/06/17/672108.htm |date=17 June 2022}}{{cite web |title=Carnegie-Brown abandona el consejo de Santander UK |url=https://www.expansion.com/empresas/banca/2021/10/05/615c8327468aebcb5b8b45f8.html |date=5 October 2021}}
He has been a vice-chairman of Banco Santander since February 2015 and was the Chair of Lloyd's from 2017 to 2025. From 2017 to 2020, he was president of the Chartered Management Institute.{{cite web |url=https://www.managers.org.uk/about-us/media-centre/cmi-press-releases/bruce-carnegie-brown-named-new-cmi-president |title=Bruce Carnegie-Brown named new CMI president |publisher=Chartered Management Institute |access-date=10 August 2018 }} 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.{{cite news |last=Bow |first=Michael |date=1 June 2018 |title=Business interview: Lloyd's chairman Bruce Carnegie-Brown rings the changes on a brave new era in Lime Street |url=https://www.standard.co.uk/business/business-interview-lloyds-chairman-bruce-carnegiebrown-rings-the-changes-on-a-brave-new-era-in-lime-a3853271.html |work=London Evening Standard |access-date=12 August 2018 }}{{cite web |url=https://www.marketscreener.com/business-leaders/Bruce-Carnegie-Brown-06N944-E/biography/ |title=Bruce Neil Carnegie-Brown |website=market-screener.com |access-date=12 August 2018 }} Carnegie-Brown was appointed a deputy lieutenant of Greater London in 2015.{{cite web |title=Deputy Lieutenants |url=https://greaterlondonlieutenancy.com/about-us/our-people/deputy-lieutenants/ |publisher=Greater London Lieutenants}}
In 2019, Carnegie-Brown was appointed chairman of InsurTech start-up Cuvva Ltd.{{cite web |last1=Axling |first1=Ida |title=Lloyd's chairman Bruce Carnegie-Brown joins Cuvva |url=https://www.insuranceage.co.uk/technology/4238651/lloyds-chairman-bruce-carnegie-brown-joins-cuvva |website=Insurance Age|date=10 October 2019 }}
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.{{cite web |last1=The Times |first1=Ida |title=MCC chairman is caught out after colostomy bag gaffe |url=https://www.thetimes.com/uk/article/mcc-chairman-is-caught-out-after-colostomy-bag-gaffe-5bd8gdgkv |website=The Times |date=29 July 2022 }}
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.{{cite web |title=TheCityUK appoints Bruce Carnegie-Brown as Chair of its Leadership Council |url=https://www.thecityuk.com/news/thecityuk-appoints-bruce-carnegie-brown-as-chair-of-its-leadership-council/ |format=Press Release |date=24 February 2022}}{{cite web |last1=Jones |first1=Huw |title=Finance sector tells UK regulators to use new post-Brexit remit |url=https://www.reuters.com/world/uk/finance-sector-tells-uk-regulators-use-new-post-brexit-remit-2023-06-29/ |website=Reuters |date=29 June 2023}}
Personal life
Bruce lives in Putney, London, and is married to Jane and has four children. His brother, Ian Carnegie-Brown, is an investment banker at UBS.{{cite web | url=https://www.fnlondon.com/articles/ubs-hires-ian-carnegie-brown-from-credit-suisse-20140915 | title=UBS plucks 'grey hair' from rival Swiss bank }}
References
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External links
- [https://www.bloomberg.com/research/stocks/people/person.asp?personId=10659740&privcapId=223622605 Bloomberg profile]
{{DEFAULTSORT:Carnegie-Brown, Bruce}}
Category:British business executives
Category:Alumni of Exeter College, Oxford
Category:Members of the Board of Directors of the Banco Santander