Paul Myners

Paul Myners

Paul Myners CBE (born 1 April, 1948). He was appointed Minister for the City of the Government of the United Kingdom and Financial Services Secretary in HM Treasury in October 2008, when it was announced he would be elevated to the peerage.Brook, Stephen. [ "Paul Myners leaving GMG to take government role"] , "The Guardian", 3 October 2008. Retrieved 4 October 2008.] [ [ HM Treasury Ministerial Profiles] . Retrieved 6 October 2008] He will also serve on the Prime Minister's National Economic Council.

He was, until the date of his Ministerial appointment, chairman of the Guardian Media Group, publisher of "The Guardian" and "The Observer" newspapers, and chairman of Land Securities Group. He is a former Chairman of Marks & Spencer and Deputy Chair of PowerGen. He held a number of third sector posts, including Chair of the Trustees of the Tate gallery and Chair of the The Low Pay Commission, all of which he relinquished on his appointment.

Life and work

Paul Myners was adopted by a Cornish family and attended Truro School on a scholarship. He graduated from the University of London, with a First Class Honours degree in Education, and became a teacher with the Inner London Education Authority.

He worked for "The Daily Telegraph" as a financial journalist until 1974, when he left to work for N M Rothschild & Sons merchant bank. In 1985, he moved to Gartmore pension fund manager, becoming its chief executive in 1987.

He was awarded CBE in 2001. He was voted public company non-executive director of the year by readers of "The Sunday Times" in 2006.

In August 2007 he became Chair of the Personal Accounts Delivery Authority, the body tasked, inter alia, with implementing the UK Government's plans for a new national pensions savings scheme for private sector workers on low and moderate incomes. He also became an independent director of GLG towards the end of 2007. He has resigned both positions.

He has held directorships with Bank of New York, IMRO, Bridgepoint, Coutts, Gartmore, Lloyd's Market Board, NatWest, O2 and Orange. He s has compiled reports on institutional investment [] , equity capital raising and governance for HM Treasury and the Department of Trade and Industry [two reports before 1997 and three after] .

He has been a member of the Court of the Bank of England (director) and is a trustee of Glyndebourne. He was a member of the Investment Committee of the sovereign wealth fund GIC (the Government Investment Corporation of Singapore). He also served on the Commission on English Prisons, established by the Howard League for Penal Reform and the Green Fiscal Commission, and was a member of the Commission on Vulnerable Employment sponsored by the TUC.

He has an Honorary Doctorate in Law from the University of Exeter and is a Visiting Fellow at Nuffield College Oxford.

He is married to Alison, who is Chair of the Contemporary Art Society and a former Trustee of The Royal Academy Trust. He has five children, four daughters and a son.

Notes and references

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