Richard Lambert spent most of his career at the Financial Times, which he joined after reading history at Balliol College, Oxford. He was editor of the Lex column, became New York bureau chief, and thereafter deputy editor. He was editor of the paper from 1991 to 2001. After leaving the FT, he wrote the Lambert Review of Business/University Collaboration for the Government, and is currently Chancellor of the University of Warwick. He was an independent member of the Bank of England's Monetary Policy Committee from 2003 to 2006, and served as director general of the Confederation of British Industry from 2006 to 2011. He became the senior independent member of the Foreign and Commonwealth Office's Supervisory Board in 2012. In 2011 he was knighted for services to business. He presently holds appointment as chairman tasked with establishing an independent organisation to raise standards of competence and behaviour in the banking industry.