Lady Judge was appointed Chairman of the Pension Protection Fund in April 2010, with the appointment taking effect in July. It is for an initial period of three years.
Lady Judge has held senior executive and advisory appointments in law, finance, industry, public service, the arts and academic life in the UK, US and Asia.
After gaining academic honours in law in the United States, she specialised in corporate and financial transactions as a partner in a major US law firm. In 1980 Lady Judge was appointed by the President as the youngest-ever Commissioner of the US Securities and Exchange Commission and initiated reforms to open the US capital markets to overseas investors and facilitate Americans investing in foreign securities.
She moved to Hong Kong in 1983 as the first woman main board executive director of a London merchant bank, Samuel Montagu & Co. She then held a series of senior positions in banking in the US and UK. She was head of the International Private Banking Group of Bankers Trust and a non-executive director of United Asset Management Inc, a US-based fund of asset management companies. From 1994 to 2009 she was deputy chairman of Friends Provident plc, one of Britain’s largest insurers and pension providers.
Prior to her PPF appointment, she served as Chairman of the United Kingdom Atomic Energy Authority from 2004 to 2010, overseeing the development and sale of its commercial arm, UKAEA Ltd, part of a major restructuring of the UK nuclear industry. During this time she also served on the Board of Directors for the UK Government’s Energy Group and was a non-executive director of the then Department for Constitutional Affairs. From 2004 to 2007 she was Deputy Chairman of the Financial Reporting Council, the UK regulatory authority for accounting and corporate governance, and from 2007-2009 she was a public member of the International Ethics Standards Board for Accountants.
Among many voluntary commitments she has been Chairman of the Governing Body of the SOAS, University of London. She is currently a Trustee of the Royal Academy of Arts and a Governor of the Ditchley Foundation, as well as Chairman of The Energy Institute (University College, London) and a Visiting Fellow at Oxford University.
In June 2010 she was awarded Commander of the Order of the British Empire in the Queen’s Birthday Honours for services to the nuclear and financial services industries.