Mark Austen

Mark Austen

Chair of UK Insolvency Service and other current appointments

Mark Austen qualified as a management accountant while on a training scheme with Reed International, the paper and publishing group. He subsequently joined a small merchant bank in the City as Deputy Controller.

In 1975 he joined the consulting division of Price Waterhouse and then began a distinguished career in advising banks, financial markets, insurance companies, governments and many other participants in finance worldwide. He became a partner of the firm in 1982, managed the financial industry practice initially in the UK, then Europe and globally from 1995 until 2003.

He served on various boards of the firm especially after the merger to form PwC in 1998 and was elected to the Global Board, the most senior governance group, in 2000. He was much involved in the global strategy of the firm including, following the Enron crisis, the sale of the consulting business to IBM in 2003.

He served as a senior partner at IBM. After 2005 has been a non executive on the boards of various organisations which have included being a director of Standard Bank PLC, the international arm of the largest South African bank, Chairman of LV=, the large UK Insurance company and Chairman of one of Prince Charles’ charities. He is currently Chair of the UK Insolvency Service, Alpha Bank and a large housing charity in Surrey.