Paul Deighton
Paul Clive Deighton, Baron Deighton, KBE (born 18 January 1956) is a British politician who has served as Commercial Secretary to HM Treasury since January 2013.
Deighton previously served as chief executive of the London Organising Committee of the Olympic and Paralympic Games (LOCOG), which was responsible for planning the 2012 Summer Olympics and Paralympics.
He is a former investment banker, and was a former chief operating officer of Goldman Sachs Group. [1]
Contents
Outside parliament
Lord Deighton departed his role as Commercial Secretary to the Treasury after the general election, and sought advice on a new role from the Advisory Committee on Business Appointments (ACOBA), a Non Executive Directorship at Holdingham Group. The committee permitted him to take on the role given that he did employ any privileged information from his time as minister in the role, and that he serve a 2 year lobbying ban from his last day in office. The appointment was announced in December 2015. [2]
Nuclear negotiator
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Working alongside Stephen Lovegrove, the Permanent Secretary at the Department for Energy and Climate Change, Deighton has been leading the ongoing negotiations with French nuclear firm EDF to reach a "strike price" agreement for a new nuclear power station at Hinkley Point, Somerset. [3]
Going to the Grand Prix and dining with lobbyists
In November 2013 Deighton attended the Abu Dhabi Grand Prix as a guest of Mubadala, an investment and development company 'supporting the diversification of the United Arab Emirates by investing in key social infrastructure and creating globally integrated industry sectors in Abu Dhabi'.
On 4 December 2013, Deighton had dinner with lobbyist-law firm DLA Piper. No details of what was discussed are available. [4]
Notes
- ↑ I'm doing 'God's work'. Meet Mr Goldman Sachs, Sunday Times Online, 8 November 2009
- ↑ Lord Paul Deighton Business Appointments ACOBA, Gov.uk, accessed 17 February 2016
- ↑ Kamal Ahmed, Emily Gosden, Olympics chief Lord Deighton to bring nuclear power stations to Britain, The Telegraph, 06 Apr 2013 9:30PM BST, acc 15 August 2013
- ↑ HM Treasury Ministers Quarterly Information: 1 October – 31 December 2013 Gov.uk, accessed 12 October 2014
