The Business On: John Nelson, Chairman-designate, Lloyd's of London
The face looks like a familiar one on the non-executive circuit.
Yep, Mr Nelson knows a thing or two about UK boardrooms, as he retires as deputy chairman of Kingfisher, the owner of the DIY retailer B&Q, later this year and is the chairman of Hammerson, the retail and office property company.
Where else has he been?
He has also been a non-executive at BT, Woolwich, JP Morgan Cazenove – and Cazenove before the merger.
He's a banker by trade, then?
Spot on. After qualifying as a chartered accountant in 1970, Mr Nelson, 63, started at Kleinwort Benson in 1971 and spent 15 years at the investment bank before jumping ship to Lazard in 1986, where he eventually became vice-chairman. He then became chairman of Credit Suisse First Boston in Europe in 1999, but retired in 2002 to rack up the non-executive roles.
So there's still life in the old dog.
Most certainly, because yesterday he was named the chairman designate of Lloyd's of London, the world's largest insurance market.
That sounds like quite a big job.
And big boots to fill, as Mr Nelson takes over from Lord Levene of Portsoken, who is Lloyd's longest-serving chairman for 125 years, after nine years in the role.
Didn't profits tumble last year?
Well, yes. Lloyd's profits fell by 43 per cent to £2.2bn in 2010, but it was hit by a higher-than-average number of natural catastrophes.
And more recently Japan?
Indeed. Mr Nelson said recent events in Japan, New Zealand and Australia show the "vital role" that Lloyd's and others play in helping communities and businesses rebuild after disaster.
Hopefully he has a few hobbies to enjoy his free time away from such tragic events.
The father of three enjoys sailing and opera and has been on the board of the English National Opera. Mr Nelson is also a trustee of the National Gallery.
A culture vulture, then?
Yes, but Lloyd's has hired him for his financial and boardroom experience and not for his love of art or singing.
- 1 'He was lucky he didn't die' - George Michael fell out of speeding car onto M1 motorway, according to eye witness
- 2 Gay couple beaten in park urge MPs to moderate language on gay marriage
- 3 After woman sells virginity for $780,000, here are the results of our prostitution survey
- 4 Far-right French historian, 78-year-old Dominique Venner, commits suicide in Notre Dame in protest against gay marriage
- 5 'It was just like the movie Twister': Man survives Oklahoma tornado by taking refuge in horse stall
BMF is the UK’s biggest and best loved outdoor fitness classes
Find out what The Independent's resident travel expert has to say about one of the most beautiful small cities in the world
Win anything from gadgets to five-star holidays on our competitions and offers page.
iJobs Money & Business
£850 - £1000 per day: Orgtel: Programme Change Manager - Banking - London - £8...
£180 - £230 per day: Orgtel: Operations Analyst - Leading Bank in the City of ...
£500 per day: Orgtel: A top tier banking client urgently requires Finance Busi...
£425 - £550 per day: Orgtel: Senior Finance Project Manager - £550 - Bristol -...