RegulationCorporate GovernanceTreasury man is knighted while APB chief gets CBE

Treasury man is knighted while APB chief gets CBE

The Treasury's permanent secretary reward for helping save the banks

Treasury Permanent Secretary Nicholas Macpherson has been knighted in the New
Year Honours List in an astonishingly swift reward for helping to ‘save’ the
British financial system from collapse.

The Cabinet Office said he had been made a Knight Commander of the Order of
the Bath ‘to recognise his extraordinary work in response to the crisis in the
financial services industry’.

Macpherson was formerly managing director of the budget and public finance
directorate at the Treasury before replacing Sir Gus O’Donnell on his promotion
to Secretary of the Cabinet and head of the home civil service.

He is a former senior analyst for Peat Marwick and Mitchell.

Among other honours, Richard Fleck, chairman of the Auditing Practices Board
was made a CBE ‘for services to business and to the legal profession’.

Fleck, global relationship partner with international legal practice Herbert
Smith, is a member of the Financial Reporting Council and was largely
responsible for the Securities and Investments Board report The Responsibilities
of Senior Management.

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