Paul Myners was appointed Financial Services Secretary to the Treasury in October 2008.
His responsibilities include:
- Financial services policy including financial stability, city competitiveness, wholesale and retail markets in the UK, Europe and internationally and the Financial Services Authority (FSA)
- Assisting the Chancellor of the Exchequer in all business of the Tripartite Authorties (HM Treasury, Bank of England, FSA)
- Banking support, including responsibility for the Asset Protection Scheme, Recapitalisation Fund and other schemes, lending agreements and responsibility for UK Financial Investments (UKFI)
- Foreign exchange reserves and debt management policy, National Savings and Investment and Debt Management Office.
Prior to his appointment, 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 on his appointment.
Paul worked as a teacher with the Inner London Education Authority from (1971-1972). From (1972-1975) 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 Gartmore, a pension fund manager, becoming its Chair in 1987.
He has held directorships with Bank of New York, IMRO, Bridgepoint, Coutts, Lloyd's Market Board, NatWest, O2 and Orange.
Paul 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.
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.
