|Born||25 February 1949|
Lincoln College, Oxford
Harvard Business School
|Relatives||Cecil Clementi (paternal grandfather)
Muzio Clementi (paternal great-great grandfather)
Sir David Cecil Clementi (born 25 February 1949) is a former Deputy Governor of the Bank of England. Clementi holds a number of board positions including Chairman of International Payments business World First and Vice Chairman of Investment Manager Ruffer Group. He has held numerous other positions including Chairman of Prudential plc, one of Britain's largest insurance companies, non-executive director on the board of governors of the Rio Tinto Group and until June 2015 was Chairman of Virgin Money, seeing the business through its IPO. In March 2008, he was announced as Warden of Winchester College and was Master of the Mercers Company.
David Cecil Clementi was born on 25 February 1949. His father, Cresswell Clementi, was an Air Vice-Marshal in the Royal Air Force. His grandfather Cecil Clementi was Governor of Hong Kong from 1925-30 and Governor and Commander-in-Chief of the Straits Settlements from 1930–34. His great-great grandfather was Italian-born English musician Muzio Clementi.
He was educated at Winchester College, where he was captain of athletics and a distinguished footballer. He then went to Lincoln College, Oxford, where he obtained a degree in Philosophy, Politics, and Economics and a blue for athletics. After graduating, he qualified as a chartered accountant. He graduated MBA from Harvard Business School in 1975.
In June 2002, he told the Treasury select committee that a house price crash was a virtual certainty. He said, "I said in April that the level of house price inflation, then running in the mid-teens was unsustainable. Since then we've seen something of an acceleration ... and the longer it goes on, the sharper is likely to be the eventual adjustment.".
In July 2003, he was given the task, by the Secretary of State for Constitutional Affairs, Baron Falconer of Thoroton, of undertaking a wide-ranging independent review of the regulation of legal services in England and Wales, now known generally as the Clementi report.
- Winchester College Register 1992
- Dunne, Helen (14 June 2002). "House prices heading for sudden fall, warns Bank". The Daily Telegraph (London).
- "Virgin Money appoints Sir David Clementi as Chairman". Virgin Money. 07-10-2011. Retrieved 2011-12-31. Check date values in:
- "World First Management Team". worldfirst.com. 2006.
|The Bank of England's Monetary Policy Committee|
|Governor: Sir Edward George (June 1997–June 2003)|
|September 1997 – November 1997:||George | King | Buiter | Goodhart | Plenderleith | Clementi | Julius|
|December 1997 – May 1998:||George | King | Buiter | Goodhart | Plenderleith | Clementi | Julius | Budd|
|June 1998 – May 1999:||George | King | Buiter | Goodhart | Plenderleith | Clementi | Julius | Budd | Vickers|
|June 1999 – May 2000:||George | King | Buiter | Goodhart | Plenderleith | Clementi | Julius | Vickers | Wadhwani|
|June 2000 – September 2000:||George | King | Plenderleith | Clementi | Julius | Vickers | Wadhwani | Allsopp | Nickell|
|October 2000 – May 2001:||George | King | Plenderleith | Clementi | Julius | Wadhwani | Allsopp | Nickell | Bean|
|June 2001 – May 2002:||George | King | Plenderleith | Clementi | Wadhwani | Allsopp | Nickell | Bean | Barker|
|June 2002:||George | King | Clementi | Allsopp | Nickell | Bean | Barker | Tucker|
|July 2002 – August 2002:||George | King | Clementi | Allsopp | Nickell | Bean | Barker | Tucker | Bell|
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