Howard Covington

Howard Covington is a British investment banker who was a founding shareholder and director of New Star Asset Management, the first non-academic chairman of the Isaac Newton Institute for Mathematical Sciences Management Committee and the inaugural chairman of the Alan Turing Institute.

Education

Covington was born in Eastbourne, England. He attended Eastbourne Grammar School and St John’s College, Cambridge. He won a double first in Natural Sciences 1974 and a distinction in Part III Mathematics in 1975.

Investment banking

After leaving university he held various positions, including government service, offshore oil contracting and commercial and investment banking. In 1986 he joined UK investment bank SG Warburg (the investment banking predecessor of UBS), becoming a director. He spent ten years advising public and private companies on strategy, capital raising, public takeovers, acquisitions and disposals. In 1996 he became head of the European investment banking business of US investment bank Wasserstein Perella. [1] Over 5 years Mr Covington built Wasserstein in Europe into a top 10 European mergers and acquisitions firm.

New Star Asset Management

On its foundation in 2000, Mr Covington joined New Star Asset Management [2] as a founder shareholder and director. He became chief executive in 2001. New Star grew from a loss-making start-up with a handful of employees to a profitable mainstream asset manager with £20 billion under management and 400 employees. It was listed on the London stock exchange in 2005 and was sold to Henderson in April 2009.[3]

Positions held

In 2008 Covington became the first non-academic chairman of the management committee of the Isaac Newton Institute for Mathematical Sciences [4] at the University of Cambridge, the UK’s national research institute for mathematical sciences and one of the world’s leading mathematical sciences research institutes. [5] He is also chairman of its development board and an Honorary Fellow.[6] He became a trustee of the Science Museum [7] in London in 2008 and was chairman of its finance and general purposes committee and its trading company until 2013. He has written on climate change for the Wall Street Journal,[8] the Financial Times,[9][10] chinadialogue [11] and the Science Museum.[12] In 2010 Mr Covington was invited to become a fellow of the Institute of Physics in recognition of his services to mathematical sciences. He was a trustee of the Royal Institution from 2011 until 2013. [13] In 2014 Covington became a trustee of ClientEarth, Europe's leading not-for-profit environmental law firm. [14]

In 2015 he became the first chairman of the Alan Turing Institute, the UK’s newly created national research institute for data science. [15]

References

  1. ↑ "Howard Covington to join Wasserstein Perella from SBC Warburg". Business wire. 1996-01-23. Retrieved 2010-01-31.
  2. ↑ Simon, English (2001-01-30). "Duffield picks Covington for New Star role". The Telegraph. Retrieved 2010-01-31.
  3. ↑ Insley, Jill (2009-04-09). "New Star investment funds taken over by Henderson". The Guardian. Retrieved 2010-01-31.
  4. ↑ "Management Committee members". Isaac Newton Institute for Mathematical Sciences. Retrieved 2010-01-31.
  5. ↑ "ERCOM: Isaac Newton Institute, Cambridge". EMS Newsletter: 38– 39. September 2005.
  6. ↑ "Honorary Fellows of the Newton Institute". Isaac Newton Institute for Mathematical Sciences. Retrieved 2011-08-09.
  7. ↑ "Science Museum Board of Trustees". Science Museum. Retrieved 2010-01-31.
  8. ↑ Covington, Howard (2010-09-17). "Stress-Testing the Planet". Wall Street Journal. Retrieved 2010-01-31.
  9. ↑ Covington, Howard (2012-07-18). "‘Business-as-usual’ emissions will lead to disaster". Financial Times. Retrieved 2012-08-06.
  10. ↑ Covington, Howard; Rapley, Chris (2012-08-06). "The risks of climate disaster demand straight talking". Financial Times. Retrieved 2012-08-06.
  11. ↑ Covington, Howard; Rapley, Chris (2012-08-21). "Now can we talk about the weather?". chinadialogue. Retrieved 2012-08-29.
  12. ↑ Covington, Howard; Rapley, Chris (2013-11-06). "Reflections on the latest climate change report". Science Museum. Retrieved 2013-11-08.
  13. ↑ "Royal Institution Governance". Royal Institution of Great Britain. Retrieved 2011-05-19.
  14. ↑ "Trustees of ClientEarth". ClientEarth. Retrieved 2014-10-07.
  15. ↑ "Howard Covington announced as Chair of The Alan Turing Institute". EPSRC. Retrieved 2015-07-20.
This article is issued from Wikipedia - version of the Tuesday, March 08, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.