Philip Hampton

Quick Facts

Full Name	Philip Hampton
Occupation	Entrepreneur
Date Of Birth	Oct 5, 1953(1953-10-05)
Age	71
Birthplace	United Kingdom
Country	United Kingdom
Birth City	United Kingdom
Horoscope	Capricorn

Philip Hampton Biography

Philip Hampton is one of the most popular and richest Entrepreneur who was born on October 5, 1953 in United Kingdom, United Kingdom, United Kingdom. Sir Philip Roy Hampton (born 5 October 1953) is a British businessman. He was the first chair of UK Financial Investments Limited in 2008 and chair of government-owned Royal Bank of Scotland Group between 2009 and 2015. He has also chaired GlaxoSmithKline and J Sainsbury.

Hampton was knighted in the New Year Honours 2007.

In December 2009, the board of RBS warned their major shareholder, the British public, that they would resign unless they were permitted to pay bonuses of £1.5bn to staff in its investment arm. The matter received heavy criticism because it followed a £42bn taxpayer bailout of the banking system.

In January 2012, the board of RBS paid a bonus of £963,000 to Stephen Hester, the then chief executive. The Treasury permitted the payment because they feared Mr Hester and much of the board would have quit if the payment had been vetoed by the government as the majority shareholder. Hampton made the decision to turn down his £1.4m bonus before the uproar over Stephen Hester’s bonus.

Hampton was appointed chair of J Sainsbury plc, parent company of the Sainsbury’s chain of supermarkets, on 19 July 2004. His appointment came at a significant time for the retailer; Sir Peter Davis had been forced out as chair by shareholders due to an extremely generous bonus package despite his dubious performance as chair and previously as CEO, another shareholder revolt in February 2004 had caused the company to abandon the appointment of Sir Ian Prosser as chair and Justin King had been appointed chief executive in March

2004. Hampton was described by then BBC Business Editor Jeff Randall as “a well-respected City figure” and a “safe pair of hands”. Under the King/Hampton leadership Sainsbury’s regained some market share and in June 2006 reported its highest sales increase in four years. In November 2009, David Tyler took over as chair of Sainsbury’s.

Philip Hampton Net Worth

Philip Hampton is one of the richest Entrepreneur from United Kingdom. According to our analysis, Wikipedia, Forbes & Business Insider, Philip Hampton 's net worth $5 Million. (Last Update: December 11, 2023)

Hampton gained an MA in English from Lincoln College, Oxford, in 1975. He joined the accounting firm Coopers & Lybrand the same year, qualified as a chartered accountant in 1978, and then trained as an auditor, working in London and west Africa. He took an MBA from INSEAD from 1980 to 1981, and returned to join Lazards investment bank for nine years. Working on mergers, acquisitions, business restructurings and capital markets; in 1986 he was seconded to Lazard Freres, New York, and also worked extensively with Lazard Freres in Paris.

In the 2004 Budget, Hampton was asked to lead a review of regulatory inspection and enforcement. This review produced the Hampton Report, which led to the Regulatory Enforcement and Sanctions Act 2008.

On 3 November 2008, the government created UK Financial Investments Limited, and Philip Hampton was appointed as its first chair. The company was set up to manage the UK government’s shareholding in banks, which it had gained from banks subscribing to its recapitalisation fund during the 2008 financial crisis. He resigned to join Royal Bank of Scotland as deputy chairman on 19 January 2009 and was promoted to chairman on 3 February the same year. At that time, UK Financial Investments was majority shareholder of RBS, owning 58%.

Height, Weight & Body Measurements

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Who is Philip Hampton Dating?

According to our records, Philip Hampton is possibily single & has not been previously engaged. As of December 1, 2023, Philip Hampton’s is not dating anyone.

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Facts & Trivia

Philip Ranked on the list of most popular Entrepreneur. Also ranked in the elit list of famous people born in United Kingdom. Philip Hampton celebrates birthday on October 5 of every year.