BA cum laude (Harvard) 1966. Reporter for The Washington Post in 1965 and 1966. Served in U.S. Army 1966-1971.
Corporate lending officer at Citibank in New York, 1971-1975.
Investment banker, at Morgan Stanley, Prudential Securities and Dean Witter, 1975-1991. Specialized in financial institutions and cross-border merger advice. Two years in London. Six months in Bahrain helping Kuwaiti clients start United Gulf Bank. Advised FDIC on resolution of Continental Illinois and other major transactions.
Senior officer at FDIC, 1991-1994. Established division that resolved 266 failing banks. Significant interaction with Congress, industry and the press on policy issues. Advisory missions to Venezuela and Indonesia.
Helped establish China International Capital Corporation, an investment banking joint venture between Morgan Stanley and Chinese Government, 1994-1997. Two years in Beijing as chief executive.
Vice chairman of Morgan Stanley Asia, 1998-2003. Established financial institutions group, based in Hong Kong. Capital raisings and merger work. Advised governments of China, Japan, Korea and Thailand.
Chairman of Morgan Stanley Australia, 2003-2007.
Non-executive director of Commonwealth Bank of Australia, 2007 to present. Chairman of risk committee.
Member of Court of Directors of Bank of England, 2009-2012.
Chairman, Better Place Australia, 2009-2013.
Chairman, NBN Co, 2010-2013.
LLD honoris causa (Monash) 2011.
Consulting work for governments of Canada and Singapore.
Director of Financial Services Volunteer Corps, 2000-2012. Advisory missions to Egypt and Indonesia.
Speeches and opinion pieces about financial system and governance issues. Published Partners – love is a law unto itself, a collection of romantic stories, in 2013.