Paul Myners, Baron Myners

The Lord Myners
Official portrait, 2006
Financial Services Secretary to the Treasury
In office
3 October 2008 – 13 May 2010
Prime MinisterGordon Brown
Preceded byOffice established
Succeeded byMark Hoban (as City Minister)
Member of the House of Lords
Lord Temporal
In office
16 October 2008 – 16 January 2022
Life peerage
Personal details
Born(1948-04-01)1 April 1948
Died16 January 2022(2022-01-16) (aged 73)
London, England
NationalityBritish
Political partyNone (crossbencher)
Other political
affiliations
Spouses
  • Tessa Stanford-Smith
    (m. 1972; div. 1993)
  • Alison Macleod
    (after 1993)
Children5
EducationUniversity of London

Paul Myners, Baron Myners, CBE (1 April 1948 – 16 January 2022) was a British businessman and politician. In October 2008 he was elevated to the House of Lords as a life peer and was appointed City Minister in the Labour Government of Gordon Brown, serving until May 2010.[1][2][3] As City Minister Myners was responsible for overseeing the financial services sector during the 2007–2008 financial crisis and its aftermath, including leading the controversial 2008 United Kingdom bank rescue package. Myners sat in the House of Lords as a Labour peer until 2014, resigning to become a non-affiliated member before joining the crossbench group in 2015.

Myners began working in the financial sector in 1974 at N M Rothschild & Sons and was appointed to the board of directors in 1977. Subsequently, he held a number of high-profile business roles, including as chairman of Gartmore Group, Land Securities and Marks & Spencer. He also served in a number of third sector and public service posts, including chairman of the trustees of the Tate, chairman of the Guardian Media Group, chairman of the Low Pay Commission and non-executive director of the Bank of England.

  1. ^ Wright, Ben (7 May 2014). "City Minister Myners Damns Co-op's 'Near Ruinous' Failure of Governance". The Wall Street Journal. Dow Jones & Company. Retrieved 24 November 2014.
  2. ^ Mollins, Julie (14 December 2009). "Send in questions for city minister Paul Myners". Reuters. Archived from the original on 19 December 2009. Retrieved 24 November 2014.
  3. ^ "Paul Myners CBE". HM Treasury (archived by The National Archive). Archived from the original on 8 April 2010. Retrieved 20 April 2009.