Aug 9, 2016
The Crown Estate names new chairman
Aug 9, 2016
Robin Budenberg has been appointed as chairman of the Crown Estate with immediate effect. The finance sector expert will succeed Sir Stuart Hampson, who announced his retirement in January this year.
Budenberg is a prominent figure from the UK finance sector. Among other career milestones, he served as chairman and chief executive of UK Financial Investments Ltd, where his responsibilities included managing the Government’s shareholdings in The Royal Bank of Scotland and Lloyds Banking Group.
He is now London chairman of Centerview Partners and a non-executive director for Charity Bank Ltd and the Big Society Trust.
Robin Budenberg said: “I am honoured to take up the position of Chair at The Crown Estate. It is a business which sees the big picture and takes a long term approach to how it creates value to drive strong returns to the public finances.”
The Crown Estate manages a £12 billion portfolio of properties, including central London prime retail and leisure assets. It was established by an Act of Parliament and it returns all its profit to Treasury, totalling £304.1 million last year and £2.4 billion over the last ten years.
The corporation’s former chairman, Sir Stuart Hampson, spent six years in the role.
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