Bank crisis role for Lord Myners
THE House of Lords has a new Cornish representative after Mawnan Smith resident Paul Myners was brought into the Government.
Lord Myners of Truro was officially introduced to the House of Lords last week following his appointment as City Minister by Prime Minister Gordon Brown.
The former chairman of the Guardian Media Group took up his new ministerial position at the beginning of the month as part of Mr Brown's latest reshuffle and has played a major role in the historic bail-out of the British banking system.
Lord Myners said: "I hope that I will be able to use my position in the Lords to ensure that the interests of Cornwall are represented.
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"I think it's important that the people of Cornwall are given a voice and that their achievements and needs are recognised."
When asked whether he was proud of his new role, he replied: "It is an honour to be given a ministerial position, but it's a job."
And a serious job it is as well – he has been working closely alongside the Chancellor Alistair Darling to help re-establish confidence in the British banking system.
Lord Myners grew up in Truro, having been adopted by a Cornish couple. He went to school in Truro and today has a home in Mawnan Smith.
He started his career as a reporter on the Daily Telegraph before joining NM Rothschild merchant bank where he spent 10 years before joining fund manager Gartmore.
It was there that he made his name and an estimated £30 million fortune. Since then he has been a director with the Bank of New York, IMRO, Bridgepoint, Coutts, Lloyd's Market Board, NatWest, O2 and Orange. He is also a former chairman of Marks and Spencer and a deputy chairman of PowerGen.
He was awarded the CBE in 2001 and has an honorary doctorate in law from the University of Exeter.