In October 2008 he joined the board of the Royal Bank of Scotland as a non-executive director. He was appointed to the board of Aviva plc in September 2011 and became Chairman in July 2012. He was previously deputy chairman and chairman designate and became executive deputy Chairman in May 2012. He was president of the International Monetary Conference (the annual meeting of the heads of the world's major banks and central banks) and was chairman of the Australian Bankers' Association. While in the United Kingdom, he was a member of the Bank of England Financial Law Review Panel and in 1992, he chaired The McFarlane Report - the review of "The Future Development of Auditing in the United Kingdom and Ireland". More recently, he served as a member of the governing body of the Economics Research Institute for the Association of South East Asian Nations & East Asia. In December 2013, he was appointed Chairman of FirstGroup.