Damon Buffini

Last updated

Sir
Damon Buffini
Born
Damon Marcus Buffini

May 1962 (age 61–62) [1]
Leicester, England
Education
OccupationBusinessman
Employers
Spouse(s)Deborah Chao, Lady Buffini [2]
Children3

Sir Damon Marcus Buffini (born May 1962) [1] is a British businessman, deputy chair of the BBC Board and chair of the BBC Commercial Board. [3] He was formerly head of the private equity company Permira [4] [5] and governor of the Wellcome Trust. [6]

Contents

Education and early life

Born in Leicester in 1962, [1] the son of an African-American serviceman and a British woman, he was educated in Leicester and graduated with a degree in Law from St John's College, Cambridge, and has an MBA from Harvard Business School. [4]

Career

Buffini worked for L.E.K. Consulting, and under the firm's scholarship scheme undertook an MBA from Harvard Business School. [4] On return to the UK he joined Imperial Group working as a management consultant, before being recruited by Jon Moulton (now[ when? ] head of rival firm Better Capital), in 1988 to join Schroders leveraged buyout team, known then as Schroder Ventures Europe. [7]

Buffini became a partner in 1992, and was promoted to managing partner of the UK business in 1999, and managing partner in 2000, just before he led a management buyout group and renamed the firm Permira. [4] Buffini took home £3.2 million plus bonuses in 2004. [4]

In November 2021 he was appointed as a non-executive director of the BBC Board, effective from 1 January 2022, and subsequently also as chair of the BBC's commercial board. [3] In December 2022 the BBC Board created the honorary title of Deputy Chair to be held ex-officio by the chair of the BBC commercial board, [8] with Buffini assuming the title on 9 December 2022. [9]

Other

Buffini was also a non-executive board member of SVG Capital plc [1] and chairman and co-founder of the Social Business Trust.

Buffini established The Buffini Chao Foundation with his wife, Lady Deborah Buffini, in 2005. [10]

He is a main board member of the Royal Shakespeare Company and a trustee of the Royal Anniversary Trust, which administers The Queen's Anniversary Prizes for Higher and Further Education.[ when? ]

In September 2012 Buffini was appointed to the board of governors at The Wellcome Trust. [6]

In July 2020, the UK Government announced Buffini as chair of the Culture Recovery Board, an administrative body tasked with managing the £1.57bn Culture Recovery Fund intended to protect UK arts and heritage assets during the Covid-19 crisis. [11]

Recognition

Buffini was ranked first in the men's Top 10 of the 2007 Powerlist , a publication ranking the most influential Black Britons. [12] Buffini's influence has also been recognised in Business, having ranked number three by the Times Power 100 for people who hold sway over British Business. [13] Boasting power and influence, together with a personal fortune of between £100m and £200m. Buffini was appointed to then Prime Minister Gordon Brown's business advisory panel. [14]

Buffini was knighted in the 2016 Birthday Honours for voluntary and charitable services. [15]

Personal life

Married to a solicitor, Deborah ( née Chao), the couple have three children and a family home in Weybridge [16] and a city flat in Wandsworth.

Buffini plays tennis and golf, football for a local amateur side, and supports Arsenal. [17]

Related Research Articles

<span class="mw-page-title-main">Wellcome Trust</span> British healthcare research charity established in 1936

The Wellcome Trust is a charitable foundation focused on health research based in London, United Kingdom. It was established in 1936 with legacies from the pharmaceutical magnate Henry Wellcome to fund research to improve human and animal health. The aim of the Trust is to "support science to solve the urgent health challenges facing everyone." It had a financial endowment of £29.1 billion in 2020, making it the fourth wealthiest charitable foundation in the world. In 2012, the Wellcome Trust was described by the Financial Times as the United Kingdom's largest provider of non-governmental funding for scientific research, and one of the largest providers in the world. According to their annual report, the Wellcome Trust spent GBP £1.1 billion on charitable activities across their 2019/2020 financial year. According to the OECD, the Wellcome Trust's financing for 2019 development increased by 22% to US$327 million.

<span class="mw-page-title-main">Confederation of British Industry</span> UK business organization

The Confederation of British Industry (CBI) is a British business interest group, which says it represents 190,000 businesses. The CBI has been described by the Financial Times as "Britain's biggest business lobby group". Incorporated by royal charter, its mission is to promote the conditions in which businesses of all sizes and sectors in the UK can compete and prosper for the benefit of all. In 2023, the association was shaken by numerous accusations of sexual misconduct in the organisation.

<span class="mw-page-title-main">Bayes Business School</span> Business school in London

Bayes Business School, formerly known as Cass Business School, is the business school of the City, University of London, located in St Luke's, just to the north of the City of London. It was established in 1966, and it is consistently ranked as one of the leading business schools in the United Kingdom.

<span class="mw-page-title-main">Schroders</span> British asset management company

Schroders plc is a British multinational asset management company headquartered in London, England. Founded in 1804, it employs over 6,000 people worldwide in 38 locations around Europe, America, Asia, Africa and the Middle East. It is traded on the London Stock Exchange and is a constituent of the FTSE 100 Index.

<span class="mw-page-title-main">Paul Judge</span>

Sir Paul Rupert Judge was an English business and political figure. He served as Chairman of the Royal Society of Arts, President of the Chartered Management Institute, and Deputy Chairman of the American Management Association. He also served as the Director General of the Conservative Party and a Ministerial Advisor to the Cabinet Office. He was educated at Trinity College, Cambridge.

<span class="mw-page-title-main">Permira</span> Global investment firm

Permira is a British global investment firm specialised in buyouts, growth funds, equity funds, and credit funds. Founded in 1985 as part of Schroders, it became independent in 1996. Operating as Permira since 2001, the company became one of the largest buyout specialists. As of 2024, Permira advises funds with total committed capital of €80 billion, which have invested in more than 300 companies worldwide. The company employs over 470 people in 15 offices across Europe, North America and Asia.

<span class="mw-page-title-main">CVC Capital Partners</span> British private equity and investment advisory firm

CVC Capital Partners is a Luxembourg-based private equity and investment advisory firm with approximately €186 billion of assets under management and approximately €157 billion in secured commitments since inception across American, European and Asian private equity, secondaries, credit funds and infrastructure. As of 31 December 2021, the funds managed or advised by CVC are invested in more than 100 companies worldwide, employing over 450,000 people in numerous countries. CVC was founded in 1981 and, as of 31 March 2022, has over 850 employees working across its network of 25 offices throughout EMEA, Asia and the Americas.

The BBC Trust was the governing body of the British Broadcasting Corporation (BBC) between 2007 and 2017. It was operationally independent of BBC management and external bodies, and its stated aim was to make decisions in the best interests of licence-fee payers. On 12 May 2016, it was announced in the House of Commons that, under the next royal charter, the regulatory functions of the BBC Trust were to be transferred to Ofcom.

Sir Philip Roy Hampton is a British businessman. He was the first chairman of UK Financial Investments Limited in 2008 and chairman of government-owned The Royal Bank of Scotland Group between 2009 and 2015. He has also chaired GlaxoSmithKline and J Sainsbury.

Gateway Sixth Form College is a sixth form college in Hamilton, Leicester, England.

<span class="mw-page-title-main">Christopher Geidt, Baron Geidt</span> Private Secretary to Queen Elizabeth II (born 1961)

Christopher Edward Wollaston MacKenzie Geidt, Baron Geidt, is a member of the House of Lords, former Courtier and Chairman of the Council of King's College London. He was Private Secretary to Queen Elizabeth II from 2007 to 2017.

<span class="mw-page-title-main">Hogg Robinson Group</span>

Hogg Robinson Group was a business active in the insurance and latterly the corporate travel management sectors. It was acquired by American Express Global Business Travel in July 2018.

Robin Buchanan is a Director of companies and an adviser to family offices, private equity firms, businesses and voluntary organisations.

<span class="mw-page-title-main">Tim Parker (businessman)</span> British executive (born 1955)

Timothy Charles Parker is a British executive. He has been chairman of the National Trust, Post Office Ltd and Her Majesty's Courts and Tribunals Service (HMCTS). From 1986 to 2014, he was successively the CEO of Kenwood, Clarks Shoes, Kwik-Fit, the AA and Samsonite.

Jon Moulton is a British venture capitalist. He is the founder and managing partner of the private equity firm Better Capital, and is the former managing partner of the private equity firm Alchemy Partners. He is an active private investor and has been working in private equity since 1980. Moulton regularly writes, broadcasts and speaks on corporate finance and financial matters. His career has also included spells running Citicorp Venture Capital, Schroder Ventures (Permira) and the buy-out group of Apax, as well as being a director of numerous public and private companies.

<span class="mw-page-title-main">John Glen (politician)</span> British politician

John Philip Glen is a British politician and former management consultant who has served as Minister for the Cabinet Office and Paymaster General since November 2023. A member of the Conservative Party, he has been Member of Parliament (MP) for Salisbury in Wiltshire since 2010. Glen was formerly Parliamentary Under-Secretary of State for Arts, Heritage and Tourism from 2017 to 2018; Economic Secretary to the Treasury and City Minister from January 2018 to July 2022; and Chief Secretary to the Treasury from October 2022 until November 2023.

Social Business Trust (SBT) is a registered UK charity established in December 2010 by Damon Buffini and social entrepreneur Adele Blakebrough MBE. The organisation provides grants and business advice to social enterprises based in the UK, in order to support the growth of selected social enterprises and help them to achieve greater social impact.

Dame Amelia Chilcott Fawcett is an American-British business executive who is currently Chairman of Kinnevik AB (Stockholm) and Lead Director of State Street Corporation. Fawcett is the Chairman of Royal Botanic Gardens, Kew, a Governor of the Wellcome Trust and a Trustee of Project HOPE UK.

<span class="mw-page-title-main">ECI Partners</span>

ECI Partners is a growth focused private equity group based in the UK and the US, first established by the Bank of England in 1976.

<span class="mw-page-title-main">Amanda Blanc</span> British businesswoman

Dame Amanda Jayne Blanc is a Welsh businesswoman who has been the chief executive of Aviva since July 2020. Aviva has 18.5 million customers across the UK, Ireland and Canada, £401 billion of group assets under management and 22,000 people.

References

  1. 1 2 3 4 "Damon Marcus BUFFINI". London: Government of the United Kingdom. Archived from the original on 24 March 2016.
  2. ↑ Profile: Lady Buffini, ballet.org.uk. Accessed 27 December 2022.
  3. 1 2 "Sir Damon Buffini - About the BBC". BBC . Retrieved 28 April 2023.
  4. 1 2 3 4 5 "Profile of Buffini at Permira". permira.com. Archived from the original on 9 July 2007.
  5. ↑ "The Times & The Sunday Times". thetimes.co.uk. Retrieved 21 February 2019.
  6. 1 2 "Board of Governors". wellcome.ac.uk. London: Wellcome Trust. 2016. Archived from the original on 22 June 2016.
  7. ↑ Griffiths, Ian (6 November 2004). "Permira boss takes home £3.2m - and no surprise as spotlight falls on Buffini". The Guardian. Retrieved 21 February 2019– via www.theguardian.com.
  8. ↑ "Meeting of the BBC Board - Minutes - 8 December 2022" (PDF). BBC. p. 6. Retrieved 28 April 2023.
  9. ↑ "Sir Damon Buffini named Deputy Chair of BBC Board, Gary Newman, Ian Griffiths, Claire Hungate to join BBC Commercial Board" (Press release). BBC. 9 December 2022. Retrieved 28 April 2023.
  10. ↑ "Supporting the future". Buffini Chao Foundation. Retrieved 19 December 2022.
  11. ↑ "Dowden: 'Jump-start' for UK's leading creative industries". GOV.UK. Retrieved 27 December 2022.
  12. ↑ "The real black power list of 100 leading role models". The Guardian. 26 August 2007. Retrieved 22 April 2020.
  13. ↑ Inventive and dynamic risk-takers who changed the face of Britain – Times Online (subscription required)
  14. ↑ Eboda, Michael (26 August 2007). "The real black power list of 100 leading role models". theguardian.com. Retrieved 21 February 2019.
  15. ↑ "No. 61608". The London Gazette (Supplement). 11 June 2016. p. B2.
  16. ↑ Invisible man forced into view by his golden touch Times Online(subscription required)
  17. ↑ Jill Treanor (2007). "Profile: Damon Buffini, The football fan who calls the shots". The Guardian . London. Archived from the original on 18 March 2016.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.