Baroness Nemat Shafik DBE has been appointed as the new Chair of the Victoria and Albert Museum, effective from 1 January 2025 until 31 December 2029.
Baroness Nemat Shafik the New V&A Chair
The Prime Minister has announced the appointment of Baroness Nemat Shafik DBE as the Chair of the Victoria and Albert Museum, marking a significant milestone for the institution.
This appointment follows a thorough selection process that was restarted in October 2024 after previous attempts were disrupted.
Background and Qualifications of Baroness Shafik
Baroness Shafik brings a wealth of experience to her new role, having served in various high-profile positions.
She was the Deputy Managing Director of the International Monetary Fund from April 2011 to March 2014, overseeing the IMF’s work in Europe and the Middle East, as well as its administrative budget and human resources.
She also served as the Deputy Governor of the Bank of England from 2014 to 2017 and was the Permanent Secretary of the Department for International Development from 2008 to 2011.
Additionally, she was the President and Vice Chancellor of the London School of Economics from 2017 to 2023 and briefly held the position of President of Columbia University from July 2023 to August 2024.
Impact on the Victoria and Albert Museum
The appointment of Baroness Shafik is expected to bring robust and inclusive leadership to the V&A, supporting its transition into a multisite organisation and its recovery from the pandemic.
Her extensive background in public policy, academia, and international finance will be invaluable in navigating the complex environment of the museum sector.
Statistics and Details
- Term of appointment: 5 years
- Expected time commitment: 4 – 8 days per month
- Previous role: President of Columbia University
Leadership Response
“Baroness Shafik’s appointment is a significant step forward for the V&A. Her exceptional leadership skills and diverse experience will be crucial in guiding the museum through its current strategic developments.”
Prime Minister Keir Starmer
The Prime Minister’s statement reflects the high regard in which Baroness Shafik is held, highlighting her ability to act as an ambassador for the museum to government, industry contacts, supporters, and donors.
Progress and Targets
- Current staff: Over 800 employees
- Annual budget: Approximately £60 million
- Future goal: To establish the V&A as a leading multisite museum
Local and Sector-Specific Impact
The appointment is expected to have a positive impact on the cultural sector in the UK, particularly in London where the V&A is a major institution. It will also influence the museum’s relationships with local communities, donors, and other stakeholders.
The immediate implications of this appointment include a renewed focus on the V&A’s strategic goals, enhanced leadership, and a strengthened position for the museum in the global cultural landscape.
Broader Significance
Baroness Shafik’s appointment underscores the importance of strong leadership in cultural institutions and highlights the potential for cross-sector collaboration between finance, policy, and the arts.
Her tenure is expected to leave a lasting impact on the V&A and the broader cultural sector.
