Lord Sassoon of Ashley Park
Biography
Lord Sassoon was appointed as the first Commercial Secretary to the Treasury in May 2010 and appointed to the House of Lords in the same year. He is a Conservative member of the House of Lords.
Education
He was educated at Eton and Oxford.
Political career
In 2002, Lord Sassoon joined HM Treasury as Managing Director, Finance, Regulation and Industry. In this position, he also chaired the Standing Committee on Financial Stability, was a non-executive director of Partnerships UK and sat on the global Financial Stability Forum and on the EU Financial Services Committee.
From 2006 to 2008, he was the Chancellor’s Representative for Promotion of the City and from 2007 to 2008 served as President of the Financial Action Task Force (the global anti-money laundering and counter-terrorist financing organisation).
From 2008 to 2010 he acted as an advisor to the Shadow Chancellor, was a member of the Economic Recovery Committee of the Shadow Cabinet and conducted the Tripartite Review.
Career outside politics
Lord Sassoon spent most of his career in the City, starting at KPMG (Thomson McLintock & Co) in 1977. From 1985 he was at SG Warburg (latterly UBS Warburg), leading the firm’s global privatisation business and ending as Vice-Chairman, Investment Banking.
He has also served as Chairman of The Merchants Trust plc 2010 (and as Director from 2006 to 2010) and was Chairman of the ifs School of Finance from 2009 to 2010. He was Director of the Nuclear Liabilities Fund from 2008 to 2010, Trustee of The British Museum from 2009 to 2010 and of the National Gallery Trust between 2002 and 2009.
Personal life
Lord Sassoon is married with 3 children.