Charles Roxburgh Explained

Honorific Prefix:Sir
Charles Roxburgh
Office:Second Permanent Secretary of
HM Treasury
Term Start:4 July 2016
Term End:30 June 2022
Primeminister:David Cameron
Theresa May
Boris Johnson
Chancellor:George Osborne
Philip Hammond
Sajid Javid
Rishi Sunak
Predecessor:John Kingman
Birth Date:25 October 1959
Spouse:Dame Karen Pierce
Education:Stowe School
Alma Mater:Trinity College, Cambridge
Harvard University (MBA)

Sir Charles Fergusson Roxburgh (born 25 October 1959) is a British civil servant who was Second Permanent Secretary of HM Treasury from 2016 to 2022.[1]

Early life and career

Roxburgh was born on 25 October 1959 and educated at Stowe School. He obtained a degree in Classics from Trinity College, Cambridge.[2]

Roxburgh began his career at the accountancy firm Arthur Andersen & Co in its Management Consulting Division.[3] He graduated from Harvard Business School with a Master of Business Administration in 1986.[3]

Career

Roxburgh worked at the management consulting firm McKinsey & Co for 26 years, including as a senior partner.[2] His roles at the firm included co-head of the global strategy practice, head of the UK financial institutions group and leader of the global corporate and investment banking practice. He worked in McKinsey & Co's New York City financial institutions practice for seven years. In 2009 he became the London-based director of the McKinsey Global Institute,[4] an in-house economics research unit.[3] In 2011 he was elected to McKinsey & Co's global board.[4]

Roxburgh joined HM Treasury in February 2013.[5] He was Director General of Financial Services at the Treasury from 2013. He sat on the Financial Stability Board and represented the Treasury on the Bank of England's Financial Policy Committee. On 4 July 2016 he was appointed Second Permanent Secretary of the Treasury, overseeing its growth, financial services and infrastructure agendas.[2] He worked on completing the Government's exit from its ownership of financial assets.[3] He was involved in Brexit, and COVID-19 emergency schemes such as the Covid Corporate Financing Facility.[6] He oversaw the creation of the UK Infrastructure Bank.[3]

In May 2022, The Sunday Times reported that Roxburgh would stand down as Second Permanent Secretary of the Treasury later in the year.[6] He was succeeded by Cat Little and Beth Russell.[7]

Personal life

Roxburgh is married to the diplomat Dame Karen Pierce. They have two sons, born in 1991 and 1997.[8]

Honours

Roxburgh was appointed Knight Commander of the Order of the Bath (KCB) in the 2022 Birthday Honours for services to Government.[9]

Notes and References

  1. Web site: UK Government Investments Annual Report and Accounts 2021-22 . . 29 September 2022.
  2. News: Brecknell . Suzannah . Treasury appoints Charles Roxburgh as second permanent secretary . 17 February 2022 . Civil Service World . 4 July 2016.
  3. Web site: The Queen's Birthday Honours 2022: High Awards . 2 June 2022 . GOV.UK . 1 June 2022.
  4. Web site: Charles Roxburgh . 17 February 2022 . Bank of England.
  5. Web site: Dickson . Annabelle . Britain's political power couples — ranked . 16 February 2022 . POLITICO . 14 February 2022.
  6. News: Treanor . Jill . Treasury's top bank mandarin Charles Roxburgh set to quit . 2 June 2022 . The Sunday Times . 15 May 2022.
  7. Web site: New Permanent Secretary Treasury Team Announced . 2024-02-23 . GOV.UK . en.
  8. Web site: Change of UK's Permanent Representative to the United Nations and World Trade Organisation in Geneva. GOV.UK. 1 July 2012. 5 August 2011.
  9. News: The full Queen's Birthday Honours list for 2022 and what the different ranks mean . i . Hughes . David . 2 June 2022 . 2 June 2022.