Clare Spottiswoode
Member, The Independent Commission on Banking
Biography
Clare is perhaps best known for her role as Director General of Ofgas between 1993 and 1998 where she oversaw the transformation of the gas industry from a monopoly which controlled the whole industry from the time the gas arrived onshore till its use in industry and the home, into an industry where everyone, from large industrial buyers to the smallest domestic customer can choose who to buy their gas from.
In November 2006 she was appointed as the Policyholder Advocate for Aviva, and is responsible for ensuring that around 1million With-Profits policyholders receive a fair share of the £5-6bn inherited estate. The deal has now been completed and policyholders received around 70% of the estate, which was more than double the only previous reattribution settlement.
Ms Spottiswoode currently chairs Gas Strategies, and is European Chair and NED of Energy Solutions, a US Nuclear waste company, as part of this role she is also Chair of Magnox, she is an NED of G4S, a FTSE 100 company, and of Enquest and Energetix. She has just been appointed to the Independent Commission on Banking tasked with recommending to the Government what it should do to change the structure and regulation of banking.
Awarded a CBE for services to industry in 1999 she holds degrees from Cambridge and Yale Universities in Maths and Economics, and has an honorary doctorate from Brunel.
