The IEA appoints a new Chairman
Neil Record is Chairman of Record plc, a listed specialist currency asset manager. He was educated at Balliol College, Oxford, Essex University and University College London, where he gained an MSc in Economics. He started his career as an economist at the Bank of England, and followed this with a five-year stint in industry. In 1983, aged 30, he founded Record plc, the firm he still chairs. He has been a member of the IEA board for seven years.
Commenting on his appointment, Neil Record, said:
“I am delighted and honoured to be elected by the IEA Board of Trustees to be their Chairman. I have been a Trustee of the IEA since 2008, and now have the privilege of taking the IEA into its 60th Anniversary year. The IEA is one of the UK’s oldest think-tanks, founded by Ralph (later Lord) Harris and Sir Antony Fisher in the belief that markets, although in many ways imperfect, remain the best way to satisfy the needs of the people in a modern economy. The concomitant of that belief is that it is vital that the State’s size and power is kept within bounds so that individuals retain the freedom to act independently in their own interests and those of their family and community.
“The IEA is proud of its independence from political parties. I am a personal donor to the Conservative Party, but to those who may think that this will compromise the independence of the IEA, I wish to reassure them that it won’t: I will ensure that the IEA’s independence is defended and preserved. For full disclosure, in my adulthood I have also been an active member of both the Labour Party and the SDP (as was).
“I have personally travelled from a Marxist perspective on the world through social democratic politics to the classical liberal position that I now hold. I was trained as an Economist in the mid-70s in the Keynesian tradition, and so I have a good knowledge of all the theoretical and political positions that the IEA opposes.”
Commenting on the appointment, Mark Littlewood, Director General at the Institute of Economic Affairs, said:
“I’m hugely excited to welcome Neil as Chairman of the IEA Board. At a time when the concept of free-market economics faces both intellectual and political challenges, he will be an essential source of counsel and inspiration, and will no doubt greatly help the IEA to fire on all cylinders in advocating liberty over the coming years.
“I would also like to offer my sincere gratitude to our departing Chairman, David Myddelton. A member of the Board for two decades, he has been a constant source of guidance and wisdom, and has contributed immeasurably to the IEA mission.”
Notes to Editors:
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About Neil Record: Neil Record is Chairman of Record plc, a listed specialist currency asset manager. He was educated at Balliol College, Oxford, Essex University and University College London, where he gained an MSc in Economics. He started his career as an economist at the Bank of England, and followed this with a five-year stint in industry. In 1983, aged 30, he founded Record plc, the firm he still chairs.
He has lectured on Investment Management at Cambridge University, and is author of the first book on specialist currency management within an investment context: Currency Overlay (John Wiley & Sons, 2003). Neil has been a prime mover in attempting to improve transparency in public sector pensions in the UK, and is author or co-author of four papers on this topic, including Sir Humphrey’s Legacy (2006) published by the IEA. He was also a finalist in the 2012 Wolfson Economics Essay Prize on potential Eurozone break-up. He is a Board member of the Global Warming Policy Forum , a member of the Investment Committee and Visiting Fellow at Nuffield College, Oxford, and Vice-Chairman of Governors at Magdalen College School, Oxford.
The mission of the Institute of Economic Affairs is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems.
The IEA is a registered educational charity and independent of all political parties.