Peter Flavel Wikipedia, Wiki, Wife, Family, Resign, Salary, Age
Peter Flavel Wikipedia, Wiki, Wife, Family, Resign, Salary, Age – Since 2016, Peter Flavel, a businessman of Australian descent, has led Coutts & Co., a British private bank and wealth manager. On July 27, 2023, he resigned from his position as a result of backlash over the bank’s decision to shut an account held by Nigel Farage, the former head of the UK Independence Party.
Flavel has worked in the financial industry for more than 30 years. He held the positions of worldwide head of private banking at Standard Chartered and CEO of J.P. Morgan Private Wealth Management in Asia Pacific before joining Coutts.
He has advanced management degrees from the University of Adelaide, Harvard Business School, the University of Oxford, and Singularity University. He is also a graduate of the University of Adelaide. Flavel has two kids and is married.
Peter Flavel Bio
|Occupation||Businessman, CEO of Coutts & Co.|
|Age||59 (born 1964)|
|Education:||University of Adelaide, Harvard Business School, University of Oxford, Singularity University|
|Career||J.P. Morgan Private Wealth Management, Standard Chartered, Coutts & Co.|
|Resignation||Stepped down from role as CEO of Coutts & Co. on July 27, 2023|
Peter Flavel Controversy
Here is a summary of Peter Flavel’s controversy over Nigel Farage’s account closure:
- In July 2023, Coutts closed an account belonging to Nigel Farage, the former leader of the UK Independence Party.
- The bank said that it had closed the account because Farage’s political views did not align with its values.
- Farage accused the bank of political bias and said that he was considering legal action.
- The controversy led to the resignation of Coutts CEO Peter Flavel.
Along with the issue surrounding the closure of Nigel Farage’s account, Flavel also came under fire for the way he managed the bank’s finances. While Flavel was in charge, Coutts’ profits dropped and its stock price dropped.
For the bank, Flavel’s resignation as CEO of Coutts was a significant setback. He was well-liked in the financial sector and had a proven track record of accomplishment as a corporate leader. His resignation caused uncertainty regarding Coutts’ future and capacity to contend in the world banking market.
Peter Flavel Social Media Accounts
Peter Flavel Career
Australian-born businessman Peter Flavel has more than 30 years of expertise in the financial services sector. He has held executive roles in some of the top banks in the world, including Coutts & Co., Standard Chartered, and J.P. Morgan.
When Flavel joined the Australian division of J.P. Morgan in 1989, his career in financial services officially began. He advanced fast through the bank’s levels and was named CEO of J.P. Morgan Private Wealth Management in Asia Pacific in 2000. In this capacity, Flavel was in charge of managing the bank’s private banking operations throughout 15 nations in the area.
Flavel joined Standard Chartered in 2006 and is currently the head of private banking globally. He was in charge of creating and carrying out the bank’s international private banking strategy in this capacity. Flavel also had a significant impact on Standard Chartered’s 2008 acquisition of Coutts & Co.
2016 saw Flavel become Coutts & Co.’s CEO. His job was to update the bank and make it more appealing to a new generation of affluent customers. Under Flavel’s direction, Coutts started several new projects, such as a new digital platform and a team devoted to assisting business owners.
Following a controversy over the bank’s choice to terminate an account belonging to Nigel Farage, the former leader of the UK Independence Party, Flavel resigned as CEO of Coutts in July 2023.
Here is a summary of Peter Flavel’s career:
- 1989-2000: J.P. Morgan, various positions
- 2000-2006: J.P. Morgan Private Wealth Management, Asia Pacific CEO
- 2006-2016: Standard Chartered, global head of private banking
- 2016-2023: Coutts & Co., CEO
Flavel is a graduate of the University of Adelaide and the Harvard Business School. He is married and has two children.