Next Chairman of Lloyd's

12 April, 2011

Earlier this afternoon, the Council of Lloyd’s appointed John Nelson to succeed Lord Levene as Chairman of Lloyd’s. This is the culmination of a long and thorough process led by the NACC – the Council’s appointments committee - and chaired by Dr Prindl (a Deputy Chairman of Lloyd's) to find the right individual to lead Lloyd’s.

John Nelson has a distinguished record across a number of different sectors. He spent 15 years at Kleinwort Benson, working in both the UK and the US, before moving to Lazard in 1986 where for 13 years he ran the corporate finance division, becoming Vice-Chairman in 1990.

He joined Credit Suisse First Boston Europe as Chairman in 1999, retiring in 2002 when he took up a number of board and advisory positions.

John Nelson joined Hammerson in 2004 and became Chairman in 2005, a position he will continue to hold. He also currently serves as Deputy Chairman of Kingfisher plc. He is due to retire from this role later in 2011.

John Nelson will take up his duties in October, when Lord Levene will step down.

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