Shriti Vadera, Baroness Vadera
Lord Temporal | |
---|---|
Life peerage 11 July 2007 | |
Personal details | |
Born | Shriti Vadera 23 June 1962 Uganda |
Political party | Labour |
Alma mater | Somerville College, Oxford |
Occupation | Politician |
Profession | Banker |
Shriti Vadera, Baroness Vadera,
Early life
Vadera was born in Uganda[1] in 1962 to Indian Gujarati parents.[2][3]
She is from a family who owned a small tea plantation but fled to India in 1972 following the Ugandan government's expulsion of Ugandan Asians, and then later to the UK.[4] She was educated at Northwood College before taking a degree in philosophy, Politics, and Economics at Somerville College, Oxford.[2]
Private sector career
For over 14 years Vadera was employed at investment bank UBS Warburg, where her work included advising governments of developing countries, and debt relief and restructuring. She also played a role in the partial privatisation of South African Telecom.[4][5]
Government adviser and minister
Vadera was on the Council of Economic Advisers at HM Treasury from 1999 to 2007, where she led on policy for business, competition innovation, productivity and international finance and development issues and the management of the Government's shareholdings, asset sales and public private partnerships for infrastructure.[6]
Following his appointment as Prime Minister in June 2007, Gordon Brown appointed her as
Following criticism of her working style Stephen Alambritis, of the Federation of Small Businesses (also a Merton Labour councillor)[10] said: “If the Civil Service is complaining about her, then probably more ministers should be like her; she gets things done.” [11]
After six months as a Minister in International Development, she was moved to the
In January 2009 she gave an interview on ITV's Lunchtime News, which concluded:
- Alastair Stewart: "Final and briefest thought possible – you're a former banker and business person yourself and now a minister – when will we see the green shoots of recovery?
- Baroness Vadera: "Well, it's a very uncertain world right now globally but I wouldn't want to be the one predicting it. I am seeing a few green shoots but it's a little bit too early to say exactly how they'll grow."[12]
Her reply generated commentary from a number of sources, including shadow chancellor
Later that year the
Vadera has been on a leave of absence from the House of Lords since December 2011.[15]
Life after politics
In April 2010, the
- "The reason people like Shriti are getting these offers is because there are very few people who understand the international finance world and the geopolitical world at a time when the financial world clearly has some issues with the political world." said Martin Armstrong of recruitment consultants Somerton Partners.[17]
In 2019, Vadera was mentioned by British news media as a candidate to succeed Mark Carney as Governor of the Bank of England.[18]
In 2021, Vadera was appointed chair of the Royal Shakespeare Company, the first woman and person of colour in the role.[19][20]
In 2023, the World Bank's president Ajay Banga appointed Vadera as co-chair – alongside Mark Carney – of the Private Sector Investment Lab.[21]
Other activities
Corporate boards
- Prudential plc, Non-Executive Chair (since 2021)[22]
- Santander UK, Non-Executive Chair (2015–2020)[23][24]
- BHP Billiton, Non-Executive Member of the Board of Directors (2010–2020)[25][26]
- AstraZeneca, Non-Executive Member of the Board of Directors (2010–2018)[27]
Non-profit organizations
- Chatham House, Senior Advisor[28]
- Institute of International Finance (IFF), Member of the Board[29]
Recognition
In 2016, Vadera was included in that year's list of the BBC's 100 Women.[30]
Notes
- ^ Competitiveness, Deregulation and British Business Council (2008)
References
- ^ "Shriti Vadera: A profile of the Business Minister nicknamed 'Shriti the Shriek'". The Daily Telegraph. 15 January 2009. Retrieved 15 January 2015.
- ^ a b Helm, Toby; Beckford, Martin (3 November 2007). "Profile: Shriti Vadera". The Daily Telegraph. London. Retrieved 28 July 2009.
- ^ Dutt, Vijay; Canton, Naomi (24 June 2007). "Gujarati tipped for Brown's inner circle". Hindustan Times.
- ^ a b Teather, David (26 July 2008). "Saturday Interview: Shriti Vadera". The Guardian. London. Retrieved 28 July 2009.
- ^ Sparrow, Andrew (15 January 2009). "Profile: Shriti Vadera". The Guardian. London. Retrieved 26 July 2020.
- Wall Street Journal. London. 24 September 2009.
- ^ "Brown unveils new faces". Prime Minister's Office. 29 June 2007. Archived from the original on 1 July 2007. Retrieved 28 July 2009.
- ^ "No. 58392". The London Gazette. 16 July 2007. p. 10219.
- ^ Jenkins, Simon (8 July 2007). "Brown's brain and his hand are not always connected". The Times. London. Retrieved 28 July 2009.
- ^ "Local Elections Archive Project — Ravensbury Ward". www.andrewteale.me.uk. Retrieved 27 March 2021.
- ^ Webster, Philip (25 September 2009). "Baroness Vadera Shriti the Shriek has a temper but gets things done". The Times. London.
- ^ a b "'Green shoots' remarks defended". BBC News. 14 January 2009. Retrieved 28 July 2009.
- ^ "How I helped rescue Britain from brink of bank disaster | News". Thisislondon.co.uk. Archived from the original on 19 September 2012. Retrieved 5 November 2011.
- ^ "UK | UK Politics | Vadera stepping down as minister". BBC News. 24 September 2009. Retrieved 5 November 2011.
- ^ "Baroness Vadera - UK Parliament". Parliament.uk. Retrieved 2 September 2019.
- ^ "Shriti Vadera's new consultancy role in Dubai | Westminster blog | Jim Pickard and Kiran Stacey share their views on the UK's political scene for the Financial Times – FT.com". Blogs.ft.com. 24 May 2010. Retrieved 5 November 2011.
- ^ a b Tyler, Richard (4 July 2010). "Baroness Vadera advises Singaporean sovereign wealth fund Temasek". Telegraph. London. Retrieved 5 November 2011.
- ^ Chris Giles (24 April 2019), Who will replace Mark Carney as Bank of England governor? Financial Times.
- ^ "RSC appoints first woman and person of colour as chair". The Guardian. 28 April 2021.
- ^ "Shriti Vadera becomes first female and person of colour to lead RSC board". The Stage. 28 April 2021.
- ^ World Bank Group Intensifies Focus on Private Sector, Launches Effort to Scale Investment in Emerging Markets World Bank, press release of 22 June 2023.
- ^ Oliver Ralph (30 January 2020), Shriti Vadera to become next chair of Prudential Financial Times.
- ^ Morris, Stephen (12 December 2014). "Santander U.K. Names Shriti Vadera Chairman Replacing Burns". Bloomberg News. Retrieved 15 January 2015.
- ^ "SANTANDER UK GROUP HOLDINGS PLC - BOARD CHANGE". Investegate. 30 January 2020.
- ^ "BHP Billiton – Home". Bhp.com.au. Archived from the original on 29 July 2012. Retrieved 5 November 2011.
- ^ "Appointment of Senior Independent Director". 13 October 2020.
- ^ "PLC appoints new Non-Executive Director". AstraZeneca. Retrieved 5 November 2011.
- ^ Our Governance Chatham House.
- ^ Board Institute of International Finance (IIF).
- ^ 2016, BBC, Retrieved 26 November 2016