Difference between revisions of "Shriti Vadera"
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Revision as of 19:05, 3 August 2011
Shriti Vadera is a pro-industry and privatisation politician and former investment banker.
She was Executive Director at Warburg Dillon Read, where she worked on banking and privatisation teams playing a role in the partial privatisation of South African Telecom. She is an expert on Public-Private Partnership (PPP) deals. Following 15 years with Warburg she spent 10 years in Gordon Brown's office including as Minister for Overseas Development at the Department for International Development from June til December 2007 and subsequently a minister for the Department for Business, Innovation and Skills (then the Department for Business, Enterprise and Regulatory Reform) as well as a minster for the Cabinet Office and became a close friend and advisor of his, known as 'Gordon Brown's representative on earth'[1]. She is now an executive director of mining giant BHP Billiton and pharmaceutical giant AstraZeneca[2][3]
According to the London Evening Standard she was the most powerful person in Gordon Brown's cabinet, in reality 'the Prime Minister's principal fixer' and 'has three desks - in the Business Department, Cabinet Office and Number 10'[4]
She was the Treasury's top negotiator in the PPP scheme to part-privatise the London tube network, [5] telling London transport commissioner Bob Kiley she 'could not sanction public control of the tube under any circumstances' on February 12th 2001. She was also a key architect in the 2008 bank bailout[6]
According to a Guardian report in which she was 'nominated' to be a future Governor of the Bank of England by (BBC journalist and Social Market Foundation advisor) Evan Davis:
- Shriti Vadera, a publicity-shy former banker, is one of the key figures behind the scenes in the Treasury, where she has been central to the development of public-private partnerships. She's the main point of contact between the Treasury and the City, and has impressed those she has dealt with. "She combines financial expertise and political common sense," says Evan Davis. "Her appointment would be greeted with gushing enthusiasm everywhere, from City wine bars to high-street charity shops - she is on Oxfam's council of trustees." [7]
Affiliations
- Oxfam (five years as a trustee 2000-2005)[8]
- advisor to Gordon Brown
- AstraZeneca board member since 2010[9]
- BHP Billiton board member since 2010[10]
References
- ↑ The Telegraph Shriti Vadera: A profile of the Business Minister nicknamed 'Shriti the Shriek' 15th Jan 2009. Accessed 3/8/11
- ↑ Astra Zeneca website. Friday, 17 December 2010 AstraZeneca PLC appoints new Non-Executive Director Accessed 20/7/11
- ↑ Russell Lynch, 13 Dec 2010. London Evening Standard Ex-minister Shriti Vadera joins BHP Billiton board Accessed 20/7/11
- ↑ Chris Blackhurst, 25 Mar 2009 From banker with a passion for change to the PM's fixer-in-chief London Evening Standard. Accessed 20/7/11
- ↑ Martin Vander Weyer That's Shriti Vadera - Gordon's Representative On Earth, The Spectator, 20 June 2007
- ↑ George Parker, October 14 2009. Financial Times His finest moment Accessed 20/7/11
- ↑ Adrian Butler Who Will Be Who, The Guardian, 18 September 2004
- ↑ The Telegraph Shriti Vadera: A profile of the Business Minister nicknamed 'Shriti the Shriek' 15th Jan 2009. Accessed 3/8/11
- ↑ Astra Zeneca website. Friday, 17 December 2010 AstraZeneca PLC appoints new Non-Executive Director Accessed 20/7/11
- ↑ Russell Lynch, 13 Dec 2010. London Evening Standard Ex-minister Shriti Vadera joins BHP Billiton board Accessed 20/7/11
