Paul Myners, Baron Myners
Paul Myners, Baron Myners, of Truro in the County of Cornwall CBE ( born April 1, 1948) is a British Labour Party politician and manager, who is a life peer member of the House of Lords since 2008.
Life
Teacher, journalist and manager
After visiting the Truro School graduated Myners, who was adopted as an infant by a couple from Cornwall, a teaching degree at the University of London, from which he graduated with a Certificate in Education with distinction. Subsequently, it was in 1971 set by the educational administration of Inner London as a teacher in the London Borough of Wandsworth, but moved in 1973 as a journalist in the financial editors of the newspaper The Daily Telegraph.
A year later he became manager in 1974 with the investment bank NM Rothschild & Sons and got there at last to the Board. In 1985, he joined as Chief Executive Officer ( CEO) to the asset management company Gartmore Investment Management plc and was also the 1987-2001 its CEO. He also was 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 from 1996 to 2000 Chairman of the National Westminster Bank and served next to it also as chairman of the supervisory boards of the Guardian Media Group since 2000, of Marks & Spencer between 2004 and 2006, the Land Securities Group plc since 2007 and the Aspen Insurance Holdings Ltd.. He is also a board member of mm02 since 2001.
Myners, the Commander of the Order of the British Empire was for his services in the financial industry in 2003, is a member of the Board of the Bank of England since 2004, Chairman of the Advisory Board of the Tate since 2005. After he was chairman of the examination committee of the Treasury (Treasury) for institutional investment for some time, since 2006 he is 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 ).
Upper House Member and Financial Services Secretary
By Letters Patent of 16 October 2008 Myners was the Fellow of the Royal Society of Arts, as a life peer with the title Baron Myners applicable, of Truro in the County of Cornwall in the peerage. Shortly after, October 21, 2008, his introduction ( Introduction) as a member of the House of Lords. In the upper house he belongs to the Group of the Labour Party.
Shortly thereafter he was still appointed in October 2008 by Prime Minister Gordon Brown to the newly created position of Secretary for Financial Services ( Financial Services Secretary ) in the Treasury, and held this post until the end of Brown's term of office in May 2010. At the height of the banking crisis of 2008 Lord Myners designed, together with the then Parliamentary Under Secretary of State at the Department for Business, Enterprise and regulatory reforms ( Department for Business, Enterprise and Regulatory Reform ) Shriti Vadera, Baroness Vadera, also in October 2008, a rescue plan for UK banks. Inspiration for this was the model of a recapitalization of the banks, which had been applied successfully in the early 1990s in Sweden.
Lord Myners, who was at times also chairman of the Association of Investment Company, is also engaged as Chairman of the Investment Committee of Lloyd 's of London and was also from 1995 to 2004 a member of the Financial Report Council ( Financial Reporting Council ) as well as the advisory boards of the London Symphony Orchestra and the National Maritime Museum in Falmouth. In addition, he is also a Trustee of the Royal Academy of Arts, and the Glyndebourne Festival Opera.