Paul Myners, Baron Myners
British businessman and peer (1948–2022) / From Wikipedia, the free encyclopedia
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Paul Myners, Baron Myners, CBE (1 April 1948 – 16 January 2022) was a British businessman and politician. In October 2008 he was elevated to the House of Lords as a life peer and was appointed City Minister in the Labour Government of Gordon Brown, serving until May 2010.[1][2][3] As City Minister Myners was responsible for overseeing the financial services sector during the global financial crisis and its aftermath, including leading the controversial 2008 United Kingdom bank rescue package. Myners sat in the House of Lords as a Labour peer until 2014, resigning to become a non-affiliated member before joining the crossbench group in 2015.
The Lord Myners | |
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Financial Services Secretary to the Treasury | |
In office 3 October 2008 – 13 May 2010 | |
Prime Minister | Gordon Brown |
Preceded by | Office established |
Succeeded by | Mark Hoban (as City Minister) |
Member of the House of Lords Lord Temporal | |
In office 16 October 2008 – 16 January 2022 Life peerage | |
Personal details | |
Born | (1948-04-01)1 April 1948 |
Died | 16 January 2022(2022-01-16) (aged 73) London, England |
Nationality | British |
Political party | None (crossbencher) |
Other political affiliations |
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Spouses |
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Children | 5 |
Education | University of London |
Myners began working in the financial sector in 1974 at N M Rothschild & Sons and was appointed to the board of directors in 1977. Subsequently, he held a number of high-profile business roles, including as chairman of Gartmore Group, Land Securities and Marks & Spencer. He also served in a number of third sector and public service posts, including chairman of the trustees of the Tate, chairman of the Guardian Media Group, chairman of the Low Pay Commission and non-executive director of the Bank of England.