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Paul Myners, the City tycoon and former Labour minister, brought in to help the government deal with the 2008 financial crisis, died at 73. Let’s find out the actual cause of his death.
Paul Myners, Baron Myners, CBE, was a businessman and politician from the United Kingdom. During Gordon Brown’s Labour government, he was the Financial Services Secretary in HM Treasury, the UK’s finance ministry.
He held the position from October 2008 to May 2010 and was made a life peer due to his appointment, even though he was not elected Parliament.
In addition, he was a member of the Prime Minister’s National Economic Council. He served in the House of Lords as a Labour peer from 2008 to 2014, a non-affiliated peer, and finally as a crossbencher.
Lord Paul Myners’ actual cause of death has put us in a mystery. There is no official source of information regarding Myners suffering from covid.
Baron Myners, of Truro in the county of Cornwall, died in the early hours of this morning.
Opening remarks by Lord Paul Myners at joint PRI / @ICGNCorpGov event hosted at @bloomberg pic.twitter.com/cy6kERrrUM
— The PRI (@PRI_News) February 3, 2014
He was regarded as an influential figure in both the square mile and politics for his time advising former Prime Minister Gordon Brown on the historic bailout of the British banking system.
His family confirmed that Myners died peacefully at Chelsea & Westminster Hospital in London.
In 1974, Myners began his career in finance. He also served in several third-party capacities, including chairman of the Tate Trust’s trustees and chairman of the Low Pay Commission.
Before becoming a minister, he was a member of the Bank of England’s Court, chairman of the Guardian Media Group, publisher of The Guardian and The Observer newspapers.
Also, a chairman of Land Securities, Europe’s largest quoted property company at the time.
Lord Myners to Speak Today About the Stadium for Cornwall
Paul Myners, Baron Myners, CBE, will be speaking in positive terms today reference the Stadium for Cornwall. He will speak on Ian King Live's Sky News at 1.30pm & then on Laurence Reed's Radio Cornwall programme at 2.10pm
— Cornish Pirates (@CornishPirates1) June 29, 2020
He previously served as chairman of the retailer Marks & Spencer, deputy chairman of PowerGen, and director of Celltech and the Bank of New York.
He began his career in finance with N M Rothschild & Sons, where he was appointed a principal board director in 1977.
Paul Myners’ net worth is yet to be estimated as of 2022. However, we can estimate that he earned a pretty massive amount of money throughout his career and lived one hell of a lavish life with his family.
He became CEO of pension fund manager Gartmore Group in 1985, becoming chairman in 1987, and remained there until 2001.
Lord Paul Myners shares his wisdom on effective governance, gained across the public, private and third sectors https://t.co/811tLyMH4b pic.twitter.com/s6mMTwBbWQ
— Director (@DirectorIoD) November 27, 2018
During this time, Gartmore’s funds grew from £1.2 billion in 1985 to £75 billion in 2001, and Myners earned an estimated £30 million.
When he left Gartmore in 2001, he pursued a broader range of interests, serving as a non-executive director and chairman in several companies and third-party institutions.
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