Paul Myners

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Paul Myners
Paul myners.jpg
Occupation Financial Services Secretary
Employer HM Treasury
Location England

Paul Myners is financial services secretary to the HM Treasury. He took the position in October of 2008.[1]When he was brought into the government in 2008, he was immediately tasked with working on the £400 billion plan to rescue the banks. In early 2009, he gave an outspoken interview to the Times newspaper in which he attacked "grossly over-rewarded" executives who had "mismanaged" the banks.[2]

He has held directorships with Bank of New York, IMRO, Bridgepoint, Coutts, Lloyd's Market Board, NatWest, O2 and Orange.

Background

Prior to this he was 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 and the Personal Accounts Delivery Authority, all of which he relinquished upon his appointment.

Myners worked as a teacher with the Inner London Education Authority from 1971 to 1972. From 1972 to 1975 he worked for The Daily Telegraph as a financial journalist, he then went to work for N M Rothschild & Sons merchant bank.

In 1985, he moved to pension fund manager Gartmore, becoming its chair in 1987.[3]

Education

Myners was educated at Truro school and the University of London. He has an honorary Doctorate in Law from the University of Exeter and is a visiting fellow at Nuffield College Oxford.

References

  1. Paul Myners CBE Financial Services Secretary to the Treasury. HM Treasury.
  2. Paul Myners, The Man Who Agreed Sir Fred Goodwin's Pension. The Telegraph.
  3. Former M&S chairman Paul Myners becomes Minister for the City. The Times.