Having worked on economic policy issues for most of his career, Stephen retired in 2010 from HM Treasury in London, where he was managing director (international and finance), and G7 and G20 finance deputy.
Prior to this he held posts as both director for Europe, and director for international finance in HM Treasury, with responsibility for international finance issues.
From 1998 to 2001 he was the UK’s executive director on the boards of the IMF and World Bank. Previous posts included leading the team responsible for Bank of England independence in 1997, and the 1988 Cabinet Office review of economic statistics.
He also worked in the New Zealand Treasury between 1989 and 1993 on macroeconomic policy and forecasting.
He studied economics at Cambridge, England and UBC, Vancouver.
Areas of expertise
- G20 and global governance
- International monetary system
|2012-16||Senior Research Fellow, International Economics, Chatham House|
|2010 -||Economic Consultant|
|2007-10||Managing Director (International and Finance), HM Treasury|
|2006-07||Director (Europe), HM Treasury|
|2002-06||Director (International), HM Treasury|
|1998 - 2001||UK Treasury representative in Washington, DC - Executive Director, International Monetary Fund and World Bank, and Economic Minister, British Embassy|
|1993 - 1998||Head of Inflation and Monetary Policy team, HM Treasury|
|1989 - 1993||Head of macroeconomic policy and forecasting, New Zealand Treasury|
|1987 - 1989||Head of Economic Briefing team, HM Treasury|
|1985 - 1987||Deputy Press Secretary, HM Treasury|
|1971 - 1979||Economist, Department of Employment|
- Britain’s big bailout, December 15, 1976 The World Today 9 December 2016
- Global Risks and the Challenges for G20 Coordination: A Growth Agenda for China’s 2016 Presidency Research paper 14 April 2016
- Towards a More Effective G20 in 2016: Chinese and UK Perspectives Research paper 22 March 2016
- International Economic Governance: Last Chance for the G20? Chatham House Briefing 13 November 2015
- Building Growth in Europe: Innovative Financing for Infrastructure Chatham House Report 30 September 2014
- Is International Economic Policy Cooperation Dead? Research paper 4 June 2014
- How to Fix the Euro: Strengthening Economic Governance in Europe Chatham House Report 1 March 2014
- Broken Forever? Addressing Europe's Multiple Crises Chatham House Briefing 1 March 2012
- The Euro on the Brink: 'Multiple' Crises and Complex Solutions Nomura Foundation Publication 1 January 2012
- Global Financial Safety Nets Chatham House Briefing 1 October 2011
- Legitimacy vs Effectiveness for the G20: A Dynamic Approach to Global Economic Governance Chatham House Briefing 1 October 2011
- Financial regulatory reforms, not far enough, or too far? in Global Cooperation Among G20 Countries, with Michael Callaghan, Chetan Ghate, and Xavier Rathinam (eds.), Springer, 2014
- Financial Regulation and the G20 with others, Lowy Institute Report, July 2013