Millions kept in the dark over City watchdog's mystery probe: FCA defends plan to name and shame firms under investigation
TSB to close one in six branches: More than 6,000 shut by the country's biggest lenders since 2015
FCA's name and shame plan has the City running scared - and that's why they SHOULDN'T ditch it, says ALEX BRUMMER
Can YOU afford to become a stay-at-home mum? We reveal the income you really need and a simple trick to ensure you keep hold of your pension pot...
Tesco uses AI to give millions of Clubcard holders personalised challenges for point boosts - who can take part and how does it work?
Ford boss says it may restrict petrol models in the UK to hit EV sales targets and avoid crippling fines
Get 5.6% interest with this quirky 365-day notice savings account that beats the top one-year fixed rates
JLR now offering £150 a month towards the cost of insuring new Range Rover models to encourage sales in light of theft concerns
MARKET REPORT: British Airways owner IAG leads Footsie higher as airline shares take off despite concern over lower summer prices
We do need to resolve inequality admits £8m-a-year Centrica boss as customers turn to loan sharks to pay bills
Snoop Dogg cannabis firm to ditch London stock market after losing 97% of its value
Wood Group rejects £1.4bn Dubai takeover bid claiming it 'fundamentally undervalued' the company
Direct Line loses 434,000 car insurance customers after sharply hiked cost of premiums
Hedge fund tycoon's £34m silver salvage claim sunk at the UK's Supreme Court
Scottish Widows gave me access to a stranger's £40,000 pension - plus all their details - so could they get at my six-figure pot?
BofE eyes first interest rate cuts as early as this week - but stubborn US inflation limits bank's firepower
Investors pull cash out of UK equity funds for the 35th consecutive month despite fresh FTSE 100 highs
How do we stop our troubled child gambling away their inheritance? We can't just exclude one of our five children from our will
We're financial experts - this is how you can use your Isa and pension to grow your wealth in the new tax year
Here's one savings account you SHOULD get from a High St bank: SYLVIA MORRIS on the latest Isa deals
First Direct relaunches £175 switching deal for new customers just two weeks after pulling it
My Isa has £24,000 in shares, investment trusts and ETFs - what's the cheapest investing platform?
I've been told I can get my private pension at 55 because I was born in a two-year window in the 1970s: Is that right? STEVE WEBB replies
Take That's concert at Co-op Live has moved venue - can I reject my new seats 53 rows further back?

Lord Myners to chair hedge fund Cevian

By Daily Mail Reporter
Updated: 03:26 EDT, 31 May 2011

View
comments

Lord Myners, the former City minister who said he was considering becoming a student of theology because of his disgust with bankers' greed, has joined hedge fund manager Cevian Capital.

Lord Myners: Worried he might have neglected the moral purpose of life

In 2009 Lord Myners - who as Gordon Brown's representative in the City signed off Sir Fred Goodwin's controversial pension - said in an interview with a Sunday newspaper he was worried he may have neglected the moral purpose of life and did not rule out becoming a minister of the church.

The peer is to become chairman of Cevian and a partner in the firm, which manages around £3bn including holdings in insurer Old Mutual and manufacturing firm Wolseley.

Cevian says it works in a 'constructive manner' to help companies realise long-term value.

Lord Myners, 62, said: 'Cevian's approach embodies many of the principles I believe are important...for society to maximise economic value from its capital and corporate assets.'

Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.