Lord Levene brings a wealth of experience to Benson Elliot, from a career in industry, finance and government spanning more than 40 years. Currently Chairman of Starr Underwriting Agents Ltd, General Dynamics UK Ltd and the UK Ministry of Defence Reform Group, Lord Levene was previously Chairman of Lloyd’s – the insurance market – a position he held from 2002 to 2011. Before joining Lloyd’s Lord Levene served as Vice Chairman of Deutsche Bank, having previously served as Chairman of Bankers Trust International, Deputy Chairman and Managing Director of Wasserstein Perella, and Senior Advisor to Morgan Stanley.
Lord Levene started his career in the defence industry, and subsequently was appointed as Permanent Secretary in the UK Ministry of Defence responsible for Defence Procurement. He then served in a number of other government posts, including as Adviser to the Prime Minister on Efficiency. Lord Levene was appointed Chairman of the Docklands Light Railway in 1991 and Chairman and Chief Executive of Canary Wharf Group in 1993. He has served as an Alderman of the City of London, as well as Sheriff and Lord Mayor.
Lord Levene is currently a member of the board of Haymarket Group and Eurotunnel SA. Previous board memberships include China Construction Bank, Deutsche Borse, Eurotunnel, J Sainsbury plc and TOTAL SA. He holds a degree in Economics and Politics from the University of Manchester, as well as honorary degrees from City University and the University of London. Lord Levene was knighted in 1989 for his service to Defence, and subsequently received a peerage, whereby he sits on the cross benches of the House of Lords. He is a Commander of the Ordre National du Merite in France, a Knight Commander of the Order of Merit in Germany and also holds the Order of Merit in Hungary.
The Advisory Board comprises a group of senior business and former government leaders who provide strategic advice to Benson Elliot, bringing an external perspective to bear on investment strategy and portfolio management. Advisory Board members provide the firm with insight into public policy thinking as it impacts on private equity real estate, as well as sector-based inputs where appropriate.
Commenting on the appointment, Marc Mogull, founder and Managing Partner of Benson Elliot, said:
“Lord Levene is one of the most accomplished business leaders of his generation. He has an impressive record of achievement in finance and industry, and has served as a trusted adviser to government as well. His extensive knowledge of our sector, the finance sector, and the broader business and policy environment will provide Benson Elliot with important commercial and strategic insight. I am very pleased that he has decided to join the Advisory Board, and look forward to working with him as we grow our business.”
Lord Levene said: “I’m delighted to be joining the Benson Elliot team, and bringing my experience to one of the most accomplished and respected fiduciary service firms in the European property arena. I look forward to working closely with Marc, the partners of Benson Elliot, and the other members of this dynamic team.”