Charles represents HM Treasury on the Bank of England’s Financial Policy Committee. He has been the Second Permanent Secretary at the Treasury since July 2016. At the Treasury, he is responsible for all issues relating to growth, productivity, infrastructure, financial services and financial stability. Charles is also a member of the Treasury’s Executive Management Board, and a board member at UK Government Investments.
Before he joined the Treasury in 2013, Charles spent 26 years at McKinsey and Company, where his main focus was clients in the financial services sector. He was based in London for most of his career, but also spent seven years working in McKinsey’s New York Financial Institutions Practice. His client work spanned retail banking, corporate and investment banking, insurance and asset management.
Charles held a number of leadership positions at McKinsey, including co-Head of the Global Strategy Practice, Head of the UK Financial Institutions Group and leader of the Global Corporate and Investment Banking Practice. In 2009, he became the London-based Director of the McKinsey Global Institute (MGI). At MGI, he led research into global capital markets and the impact of deleveraging on economic growth, as well as a number of research projects into growth at the country and regional level. In 2011, he was elected to the global board of McKinsey and Company.
Charles was educated at Cambridge University, where he read Classics. He has an MBA from the Harvard Business School.