Stephen Green (Banker)

Lord Stephen Green is the former Group Chairman of HSBC Holdings who became UK Minister of State for Trade and Investment in both the Department for Business, Innovation and Skills and the Foreign and Commonwealth Office on 11 January 2011.

HSBC years

While chairman of HSBC, Green, a Church of England lay preacher, pursued business links with senior figures in the Egyptian regime. In 1998, he co-chaired the Egyptian British Business Council, a high-level group that reported to then British and Egyptian prime ministers Tony Blair and Kamal Ganzouri.

Joining the Coalition Government

In September 2010, after 28 years working for HSBC it was announced that Green would join the UK's Conservative – Liberal Democrat coalition government in early 2011 as the Minister of State for Trade and Investment in an unpaid capacity. He stepped down as Group Chairman of HSBC on 3 December 2010 and was replaced by Douglas Flint. To enable him to be accountable to Parliament, he was created a life peer on 16 November 2010 as Baron Green of Hurstpierpoint, of Hurstpierpoint in the County of West Sussex, and was introduced in the House of Lords on 22 November.

Prime Minister David Cameron said of the appointment;

“This role reflects the enormous importance this Government places on forging strong international relationships to open new trade links, promote British business overseas and maximise inward investment to the UK."

Business 20 proposal

At the 2009 World Economic Forum in Davos, Green proposed that a "Business 20" forum be set up, designed to mirror the G20 group of the world's leading economies. It would, however, be made up of big international companies, rather than governments.

Lobbying roles

• Former chairman of the British Bankers' Association.
• Board member and UK representative on the European Banking Federation

References

Mathiason, Nick, "HSBC under fire over leading role in land deals for Mubarak regime," Guardian 01 May 2011, accessed 08 October 2012.