 He stepped down from this post in 1998, the year in which he was knighted and made an Honorary Fellow of Jesus College.He was also a director of Credito Italiano (1994 to 1999) and Canary Wharf Group (1999 to 2004).He has also been chairman of the management committee of the Motor Insurers' Bureau (1985 to 1990), Association of British Insurers (1995 to 1997), and the Policyholders Protection Board (2000 to 2001).