China Banking Regulatory Commission
Davies was a non-executive director of GKN between 1989 and 1995, and a member of the International Advisory Board of National Westminster Bank from 1991–95. From 1995–2004 he was founder chairman of "Employers Forum on Age", a body formed to oppose ageism at work. From 2002–10 he was a Trustee of the Tate Gallery (where he was interim chair 2008-09), and was a member of the governing body of the Royal Academy of Music from 2004–13. He is Patron of "Working Families", a campaigning charity which supports the rights of parents in the workplace. In 2004 he was elected to an Honorary Fellowship of Merton College, Oxford and became an independent director of Morgan Stanley, where he chaired the board's risk committee. From 2006–10, Davies was a non-executive director of Paternoster Ltd. Since 2003, he has held membership in the advisory board of the China Banking Regulatory Commission, and, since 2012, has chaired the advisory board of the China Securities Regulatory Commission. He became chairman of the Royal Bank of Scotland Group in September 2015.