Appointment of the Chief Commissioner of the Independent Commission for Aid Impact - International Development Committee Contents

Appendix 3: CV for Mr Graham Ward


Graham Ward is a former World Utilities Leader of the PricewaterhouseCoopers (PwC) network of firms, a former President of the Institute of Chartered Accountants in England and Wales (lCAEW) and a former President of the International Federation of Accountants (lFAC). He retired from the PwC partnership on 31 January 2010.


Successful leader

PricewaterhouseCoopers is the leading global network of professional services firms with approximately 8,500 partners, employing over 160,000 people and with annual revenues in excess of US$26 billion. As European, then Global leader of the multi-disciplinary utilities practice, from 1991 to 2000, Graham led its growth into a multi-disciplinary team serving clients in more than 100 countries with revenues increasing from US$ 50 million to US$700 million.

Career Summary

2007-2010: Partner, Assurance National

  • Lead negotiator on behalf of the UK in liberalising Indo-UK trade in accountancy
  • Achieved liberalisation of accountancy training in India, two Memoranda of Understanding between UK Institutes and Indian Institutes including mutual recognition of qualifications
  • Auditor of the Duchy of Cornwall (personal appointment)
  • Global Relationship Partner for advisory work on a client in the transport sector and audit and advisory work for a client in the water sector.

2004-2006: President, International Federation of Accountants (lFAC)

  • Led this organisation with more than 150 Member Institutes in more than 120 countries, representing more than 2,500,000 professional accountants.
  • Implemented a reorganisation of IFAC's governance arrangements, including the establishment of the international Public Interest Oversight Board, thereby obtaining the confidence of the European Commission, the Financial Stability Forum and international regulatory bodies in the governance and effectiveness of IFAC's standard setting boards and the quality of their standards
  • Led the promotion of accountancy in developing nations, strengthened support for professional accountants in business and for SMEs.

2001-2004: Partner, Assurance National

  • Vice Chairman: UK Auditing Practices Board, jointly leading the development of Ethical Standards for Auditing in the UK and adoption of International Standards on Auditing in the UK.
  • Led two trade bodies in the energy sector, bringing together disparate interests to promote exports and to formulate an effective energy policy.
  • Member of DTI Working Group on Practical Guidance for Directors in respect of the OFR

2000-2001: President, Institute of Chartered Accountants in England and Wales

  • Led the premier institute of professional accountants in the UK
  • Led the implementation and acceptance by Government of a new regulatory system for the accountancy profession in the UK
  • Represented the UK profession to the US Securities Exchange Commission on professional independence, with a successful outcome
  • Represented the UK profession to the European Commission to achieve their acceptance of International Accounting Standards

1994-2000: World Utilities Leader

  • Grew this multi-disciplinary practice to an annual turnover of US$700 million and a reach of more than 100 countries, working as an integrated team
  • Member of the World Firm General Council
  • Served a major client in the insurance sector

1990-1994: Partner Utilities, Corporate Finance and Marketing

  • Head of the multi-disciplinary electricity sector practice in Europe
  • Head of Corporate Finance for Scandinavia
  • Served two major clients in the insurance sector
  • Chaired the Working Party (joint Accountants and Actuaries) which developed the achieved profits method of accounting for life assurance

1987-1990: Partner, Privatisation Services

  • Directed the Price Waterhouse team advising the Electricity Council, then the twelve Regional Electricity Companies on their privatisation
  • Served a major client in the insurance sector
  • Chairman of the London Society of Chartered Accountants

1986: Partner

  • Admitted to the Partnership
  • Founded the PW Pensions Advisory Service and recruited the first Actuary into the Practice
  • Served a major client in the insurance sector

1974-1985: Various roles in Price Waterhouse UK

  • Served two major clients in the insurance sector and a variety of other clients
  • Seconded to HM Treasury for eight months, working on accounting and economics of infrastructure industries and supervision of the electricity supply industry
  • Co-chaired a joint accounting/actuarial task force on insurance accounting
  • Co-chaired a joint accounting/actuarial task force on pension cost accounting
  • Member of Council of the Society of Pension Consultants
  • Committee Member of the Pensions Research Accountants Group
  • Qualified as a Chartered Accountant in 1977, taking second place in the final examination.

Experienced in India-UK Trade Policy

  • Responsible for client and business relationships between UK and India 1995-2010
  • Board Member of the UK-India Business Council 2005- (Vice Chairman 2008-, Chairman of Audit Committee 2008-)
  • UK Co-Chairman of Indo-UK Joint Economic and Trade Committee (JETCO) Task Force on Accountancy 2005-2010
  • Member of IFSL South Asia Advisory Group 2006-2010

Respected In the Energy and Business Communities

  • Honorary Life Member of The 100 Group of Finance Directors, 2000-
  • Vice Chair of the World Energy Council and Chair of its Finance Committee, 2008-
  • Chairman of the British Energy Association, 2001-2004
  • Chairman of the Power Sector Advisory Group of UK Trade and Investment 2001-2004
  • Member of the Executive Council of the Parliamentary Group for Energy Studies, 1998-
  • Member of the Financial Services Sector Advisory Board of UK Trade and Investment, 2006-2009
  • Member of the Advisory Panel to the Review of the Regulatory Framework for Legal Services in England and Wales, carried out by Sir David Clementi, 2003-2004

Presentation and Advisory Skills

  • Frequent speaker at business conferences on economic, commercial and professional issues.
  • Has given 2000+ speeches in 50+ countries to audiences of up to 5000 people.
  • Experienced interviewee on television and radio and in the written media.
  • Respected chairman of public and private meetings, deriving from the positions of responsibility he has held.

Accomplished Professional

  • President, The Institute of Chartered Accountants in England and Wales, 2000-2001
  • President, The International Federation of Accountants, 2004-2006
  • Member, The Financial Reporting Council (Deputy Chairman 2000-2001), 2000-2007
  • Member, The Auditing Practices Board (Vice Chairman 2003-2004), 2001-2004
  • Chairman, The Consultative Committee of Accountancy Bodies, 2000-2001
  • Member, Panel on Takeovers and Mergers, 2000-2001


Many articles over a period of 30 years in the business and professional press, both in the UK and overseas.

1987 - The Work of a Pension Scheme Actuary (co-author)

1988 - Pensions: Your Way through the Maze (co-author)

1998 - The Benefits and Deficiencies of Energy Sector Liberalisation (Published by the World Energy Council, Vice Chairman of Study Group)

2004 - A Practitioner's Guide to Audit Regulation in the UK (Consultant Editor)

2009 - The Handbook of International Corporate Governance (Contributor)


Worshipful Company of Chartered Accountants in England and Wales: Master, 2009 - 2010

Dulwich College:   Governor, 2008-
Member of Finance Committee, 2008- (due to Chair from 2011)

Goodenough College:   Governor 2000-2001; 2004-   
Member of Audit Committee 2009 (Chairman 2010-)

St Paul's Cathedral:     Financial Adviser, 2008-

Epilepsy Research UK:    Vice President, 1997-

Chartered Accountants   Chairman, 1996-2002
in the Community:

Charities Online     Chairman of the Judges, 2003-
Financial Reporting Awards:

South East London     Member of Council, 1993-1994
Common Purpose:


  • Dulwich College
  • MA, Chemistry, Jesus College, Oxford (Captain of Oxford University Amateur Boxing Club)
  • Fellow of the Institute of Chartered Accountants in England and Wales - Second place in the final examination
  • Fellow of the Energy Institute (by experience)
  • Companion of the Institution of Gas Engineers and Managers (by experience)
  • FRSA


Appointed CBE in the 2004 Birthday Honours for services to exports


Boxing, Rugby, Opera and Ballet


9 May 1952


To Ann - three sons Peter (32) Andrew (30) and Alexander (14)

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