Difference between revisions of "Jitesh Gadhia"
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A member of the Prime Minister's [[Leader's Group]] of high-value donors, he was considered a member of ex-PM David Cameron's inner circle. He was raised to the peerage in August 2016 as part of Cameron's resignation honours list of Lords appointments. | A member of the Prime Minister's [[Leader's Group]] of high-value donors, he was considered a member of ex-PM David Cameron's inner circle. He was raised to the peerage in August 2016 as part of Cameron's resignation honours list of Lords appointments. | ||
| − | + | ==Investment banking career== | |
Lord Gadhia has been senior managing director of the advisory business of giant private equity [[Blackstone Group]] since 2010. He is also an independent non-executive director of BGL Group whose insurance and financial holdings include the well-known [[comparethemarket.com]]. Gadhia has previously held senior positions at [[Barclays Capital]], Dutch bank [[ABN AMRO]] and also worked for Britain's oldest merchant bank [[Baring Brothers]] at the time of its collapse. | Lord Gadhia has been senior managing director of the advisory business of giant private equity [[Blackstone Group]] since 2010. He is also an independent non-executive director of BGL Group whose insurance and financial holdings include the well-known [[comparethemarket.com]]. Gadhia has previously held senior positions at [[Barclays Capital]], Dutch bank [[ABN AMRO]] and also worked for Britain's oldest merchant bank [[Baring Brothers]] at the time of its collapse. | ||
| − | + | ==Government roles== | |
In 2014 he was appointed to the board of [[UK Financial Investments]] ([[UKFI]]), a limited company set up in 2008 to manage the Government’s investments in banks bailed out during the credit crunch ([[Royal Bank of Scotland]], [[Lloyds Banking Group]]) and a significant portfolio of mortgage assets. <ref> [https://www.bglgroup.co.uk/about-us/bgl-board/lord-jitesh-gadhia Lord Jitesh Gadhia], BGL Group website, accessed 31 January 2018 </ref> | In 2014 he was appointed to the board of [[UK Financial Investments]] ([[UKFI]]), a limited company set up in 2008 to manage the Government’s investments in banks bailed out during the credit crunch ([[Royal Bank of Scotland]], [[Lloyds Banking Group]]) and a significant portfolio of mortgage assets. <ref> [https://www.bglgroup.co.uk/about-us/bgl-board/lord-jitesh-gadhia Lord Jitesh Gadhia], BGL Group website, accessed 31 January 2018 </ref> | ||
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Recently updated Companies House documents show that Lord Gadhia was appointed on 22 January 2018 to the board of directors of the fracking firm [[Third Energy Onshore Limited]], which holds exploration licences in North Yorkshire. He had been an adviser to Third Energy, alongside businessman [[Keith Cochrane]] since September 2017. | Recently updated Companies House documents show that Lord Gadhia was appointed on 22 January 2018 to the board of directors of the fracking firm [[Third Energy Onshore Limited]], which holds exploration licences in North Yorkshire. He had been an adviser to Third Energy, alongside businessman [[Keith Cochrane]] since September 2017. | ||
| − | ==Lords Register declarations== | + | ==Lords' Register declarations== |
As at 1 February 2018: | As at 1 February 2018: | ||
==='''Category 1: Directorships'''=== | ==='''Category 1: Directorships'''=== | ||
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*Financial Adviser, [[Intas Pharmaceuticals]] Limited | *Financial Adviser, [[Intas Pharmaceuticals]] Limited | ||
| + | ===Category 10: Non-financial interests (d)=== | ||
*Prime Minister's appointed member, [[UK-India CEO Forum]] | *Prime Minister's appointed member, [[UK-India CEO Forum]] | ||
*Member of Vice Chancellor's Circle of Advisers for India, [[Cambridge University]] | *Member of Vice Chancellor's Circle of Advisers for India, [[Cambridge University]] | ||
*Adviser, [[Avanti Schools Trust]] <ref> [https://www.parliament.uk/biographies/Lords/member/4575 | *Adviser, [[Avanti Schools Trust]] <ref> [https://www.parliament.uk/biographies/Lords/member/4575 | ||
| − | ===Category 10: Non-financial interests ( | + | |
| + | ===Category 10: Non-financial interests (b)=== | ||
*Member of UK Advisory Board, Federation of Indian Chambers of Commerce and Industry (FICCI) | *Member of UK Advisory Board, Federation of Indian Chambers of Commerce and Industry (FICCI) | ||
*Member of Advisory Board, City Hindus Network | *Member of Advisory Board, City Hindus Network | ||
Revision as of 01:19, 1 February 2018
Jitesh Kishorekumar Gadhia, (Baron Gadhia of Northwood in the County of Middlesex) is a British investment banker, Conservative Party donor and member of the House of Lords.
A member of the Prime Minister's Leader's Group of high-value donors, he was considered a member of ex-PM David Cameron's inner circle. He was raised to the peerage in August 2016 as part of Cameron's resignation honours list of Lords appointments.
Contents
Investment banking career
Lord Gadhia has been senior managing director of the advisory business of giant private equity Blackstone Group since 2010. He is also an independent non-executive director of BGL Group whose insurance and financial holdings include the well-known comparethemarket.com. Gadhia has previously held senior positions at Barclays Capital, Dutch bank ABN AMRO and also worked for Britain's oldest merchant bank Baring Brothers at the time of its collapse.
Government roles
In 2014 he was appointed to the board of UK Financial Investments (UKFI), a limited company set up in 2008 to manage the Government’s investments in banks bailed out during the credit crunch (Royal Bank of Scotland, Lloyds Banking Group) and a significant portfolio of mortgage assets. [1]
Fracking director
Recently updated Companies House documents show that Lord Gadhia was appointed on 22 January 2018 to the board of directors of the fracking firm Third Energy Onshore Limited, which holds exploration licences in North Yorkshire. He had been an adviser to Third Energy, alongside businessman Keith Cochrane since September 2017.
Lords' Register declarations
As at 1 February 2018:
Category 1: Directorships
- Director, BGL (Holdings) Limited and Chairman of its subsidiary Compare The Market Limited (financial products price comparison and distribution)
- Director, UK Financial Investments Limited
- Director, UK Government Investments Limited
- Proposed Director, Third Energy Onshore Limited (oil & gas appraisal and development)
Category 2: Remunerated employment, office, profession etc
- Financial Adviser, Intas Pharmaceuticals Limited
Category 10: Non-financial interests (d)
- Prime Minister's appointed member, UK-India CEO Forum
- Member of Vice Chancellor's Circle of Advisers for India, Cambridge University
- Adviser, Avanti Schools Trust Cite error: Closing
</ref>missing for<ref>tag
Lib Dems donor
Ghadia gave the Scottish branch of Lib Dems £25,000 in September 2014.
Affilations
- Conservative Friends of India, Gadhia donated £18, 020 between 2012 and 2014. [2]
Notes
- ↑ Lord Jitesh Gadhia, BGL Group website, accessed 31 January 2018
- ↑ Mr Jitesh Gadhia, Electoral Commission search, 31 January 2018
