Paul Myners, Baron Myners

Paul Myners, Baron Myners (2013)

Paul Myners CBE (* 1. April 1948 ) is a British manager and politician of the Labor Party , which since 2008 as a peer Life Member of the House of Lords is. In June 2016 he took over the office of sixth chancellor at the University of Exeter from his predecessor Floella Benjamin .

Life

Teacher, journalist and manager

After visiting the Truro School graduated Myners, who as an infant by a couple from Cornwall adopted was a teaching degree at the University of London , which he with a Certificate in Education degree with distinction. He was then in 1971 by the Education Administration of Inner London as a teacher in the London Borough of Wandsworth set, but changed in 1973 as a journalist in the financial editors of the newspaper The Daily Telegraph .

A year later, in 1974, he became a manager at the investment bank N M Rothschild & Sons , where he was last promoted to a board member. In 1985 he moved to the asset management company Gartmore Investment Management plc as Chief Executive Officer (CEO) and was also its CEO between 1987 and 2001. He was also a member of the supervisory boards of companies such as PowerGen plc , English & Scottish Investors Ltd, Orange plc and the Bank of New York . He was also Chairman of the Board of Directors of National Westminster Bank from 1996 to 2000 and also served as Chairman of the Supervisory Boards of the Guardian Media Group since 2000, of Marks & Spencer between 2004 and 2006, of Land Securities Group plc since 2007 and of Aspen Insurance Holdings Ltd. He has also been a member of the mm02 supervisory board since 2001 .

Myners, who was named Commander of the Order of the British Empire in 2003 for his services to finance , has served on the Tate Gallery's Advisory Board since 2004 and on the Bank of England's Board of Directors since 2005 . After spending some time chairman of the examination committee of the Treasury ( Treasury was) for institutional investments, he is since 2006 Chairman of the Commission for the minimum wage ( Low Pay Commission ) and since 2007 chairman of the Administration for personal delivery accounts ( Personal Accounts Delivery Authority ).

House of Lords and Financial Services Secretary

By a letters patent dated October 16, 2008, Myners, who is a Fellow of the Royal Society of Arts , was elevated to the British nobility as a life peer with the title Baron Myners , of Truro in the County of Cornwall . Shortly thereafter, on October 21, 2008, he was introduced as a member of the House of Lords . In the House of Lords he belongs to the Labor Party faction .

Shortly thereafter, in October 2008, Prime Minister Gordon Brown appointed him to the newly created office of Financial Services Secretary to the Treasury and held that office until Brown's term ended in May 2010. At the height of the 2008 banking crisis Lord Myners, together with the then Parliamentary Undersecretary of State in the Department for Business, Enterprise and Regulatory Reform ( Department for Business, Enterprise and Regulatory Reform ) Shriti Vadera, Baroness Vadera , also drafted a rescue plan for the British banks in October 2008. The model for this was the model of bank recapitalization, which had been successfully applied in Sweden in the early 1990s .

Lord Myners, who was temporarily chairman of the Association of Investment Firms, is also active as chairman of the investment committee of Lloyd's of London and was also a member of the Financial Reporting Council and the advisory boards of the London Symphony Orchestra and the National Maritime from 1995 to 2004 Museum in Falmouth . He is also a trustee of the Royal Academy of Arts and the Glyndebourne Festival Opera .

Web links

• Entry on Parliament's homepage (accessed on November 26, 2012)
• Entry in They Work For You (accessed November 26, 2012)
• Biography in Debrett's (accessed November 25, 2012)

Individual evidence

1. ↑ Lord Myners of Truro to replace Floella Benjamin as Exeter University Chancellor ( Memento of the original from December 12, 2016 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. , in: exeterexpressandecho.co.uk , accessed March 21, 2016. 
2. ↑ Heroes in the background: How a dreaded Indian woman and a wealthy financial manager invented the British bank rescue plan . In: Zeit Online from (page accessed on November 26, 2011)