Franck Petitgas, Baron Petitgas

Last updated

The Lord Petitgas
Member of the House of Lords
Lord Temporal
Assumed office
7 March 2024
Life peerage
Personal details
Born
Franck Robert Marie Petitgas

(1961-02-25) 25 February 1961 (age 63)
Nantes, France
Political party Conservative
Alma mater ESCP Business School
OccupationBanker

Franck Robert Marie Petitgas, Baron Petitgas [1] (born 25 February 1961), is a French banker based in the United Kingdom. Formerly head of international at Morgan Stanley, he is a special adviser on business and investment to British prime minister Rishi Sunak and has been a member of the House of Lords since 2024.

Contents

Early life and education

Petitgas was born on 25 February 1961 in Nantes, France, to Victor and Denise Petitgas. He was educated at ESCP Business School in Paris. [2]

Career

Petitgas worked at S. G. Warburg & Co. from 1986 before joining the investment bank Morgan Stanley in 1993. [2] [3] He was appointed a co-head of European banking in 2005, [4] and became the firm's head of investment banking in 2007 [5] and head of international in 2018. [2] Petitgas retired from Morgan Stanley in November 2022, but stayed on a senior adviser to the company. [6]

Petitgas served as a member of the board of trustees of Tate from 2008 to 2016, [3] [7] and was the chairman of the Tate Foundation from 2011 to 2021. [2] He is a collector of contemporary Latin American art. [3]

In April 2023, British prime minister Rishi Sunak appointed Petitgas a special adviser on business and investment while Sunak sought to increase business investment and deliver on the government's economic pledges. [8] [9] Petitgas has donated £35,000 to the Conservative Party as of 2024. [10] [11]

With his wife Amanda, Petitgas owns the historic manor of Bosham in West Sussex, comprising 2,230 acres (900 ha) of Chichester Harbour and its moorings. [6] [12]

Honours

Petitgas was appointed a knight (chevalier) of the Legion of Honour in France's 2012 New Year honours. [13] Nominated by Sunak for a life peerage, [10] [14] he was created Baron Petitgas, of Bosham in the County of West Sussex, on 7 March 2024. [15] He sits on the Conservative benches in the House of Lords. [1]

Related Research Articles

<span class="mw-page-title-main">Number 10 Policy Unit</span>

The Number 10 Policy Unit is a body of policymakers based in 10 Downing Street, providing policy advice directly to the British Prime Minister. Originally set up to support Harold Wilson in 1974, it has gone through a series of guises to suit the needs of successive prime ministers, staffed variously by political advisers, civil servants and more recently a combination of both.

<span class="mw-page-title-main">Howard Davies (economist)</span> British economist and author

Sir Howard John Davies is a British historian and author, who is the chairman of NatWest Group and the former director of the London School of Economics.

<span class="mw-page-title-main">Steve Barclay</span> UK Environment Secretary since 2023

Stephen Paul Barclay is a British politician who has been the Secretary of State for Environment, Food and Rural Affairs since November 2023, having previously served in various cabinet positions under prime ministers Theresa May, Boris Johnson and Rishi Sunak between 2018 and 2023. A member of the Conservative Party, he has been Member of Parliament (MP) for North East Cambridgeshire since 2010.

<span class="mw-page-title-main">Nadhim Zahawi</span> British politician (born 1967)

Nadhim Zahawi is an Iraqi-born British politician who served in various ministerial positions under prime ministers Theresa May, Boris Johnson, Liz Truss, and Rishi Sunak from 2018 to 2023. He most recently served as Chairman of the Conservative Party and Minister without Portfolio from 25 October 2022 until he was dismissed by Sunak on 29 January 2023. A member of the Conservative Party, he became Member of Parliament (MP) for Stratford-on-Avon in 2010.

<span class="mw-page-title-main">Peter Cruddas, Baron Cruddas</span> English banker and businessman

Peter Andrew Cruddas, Baron Cruddas is an English banker and businessman. He is the founder of online trading company CMC Markets. In the 2007 Sunday Times Rich List, he was named the richest man in the City of London, with an estimated fortune of £860 million. As of March 2012, Forbes estimated his wealth at $1.3 billion, equivalent to £830 million at the time.

<span class="mw-page-title-main">Rishi Sunak</span> Prime Minister of the United Kingdom since 2022

Rishi Sunak is a British politician who has served as Prime Minister of the United Kingdom and Leader of the Conservative Party since 2022. The first British Asian prime minister, he previously held two cabinet positions under Boris Johnson, latterly as Chancellor of the Exchequer from 2020 to 2022. Sunak has been Member of Parliament (MP) for Richmond (Yorks) since 2015.

<span class="mw-page-title-main">Diana Barran, Baroness Barran</span> British Conservative politician

Diana Francesca Caroline Clare Barran, Baroness Barran, is a British charity campaigner, former hedge fund manager and Conservative Party life peer. She is the founder of the domestic abuse awareness charity SafeLives and served as its chief executive from 2004 to 2017.

<span class="mw-page-title-main">Richard Holden (British politician)</span> British politician (born 1985)

Richard John Holden is a British politician who has been Chairman of the Conservative Party and Minister without Portfolio since November 2023. He has served as Member of Parliament (MP) for North West Durham since the 2019 general election. He is the first Conservative MP in the constituency's history. Holden served as Parliamentary Under Secretary of State for Roads and Local Transport from October 2022 to November 2023.

<span class="mw-page-title-main">Jonathan Berry, 5th Viscount Camrose</span> British peer

Jonathan William Berry, 5th Viscount Camrose is a British hereditary peer and Conservative politician.

Richard Simon Sharp is a British former banker who became chairman of the BBC in February 2021. Following the findings of the Heppinstall inquiry into the appointment process, Sharp submitted his resignation to the BBC Board and to the Culture Secretary, which took effect at the end of June 2023.

<span class="mw-page-title-main">Malcolm Offord</span> Scottish financier and Conservative party politician

Malcolm Ian Offord, Baron Offord of Garvel, is a Scottish financier and Conservative Party politician in the House of Lords. He currently serves as Parliamentary Under-Secretary of State for Exports.

<span class="mw-page-title-main">2022 Prime Minister's Resignation Honours (Boris Johnson)</span> Honours awarded following the resignation of Boris Johnson as Prime Minister

The 2022 Prime Minister's Resignation Honours are honours awarded following the September 2022 resignation of the Prime Minister, Boris Johnson.

<span class="mw-page-title-main">Dominic Johnson, Baron Johnson of Lainston</span> British financier and politician

Dominic Robert Andrew Johnson, Baron Johnson of Lainston,, is a British financier, hedge fund manager and politician, the co-founder and chief executive officer (CEO) of Somerset Capital Management. He currently serves as a Minister of State in the Department for Business and Trade, having served in the department during the tenure of Liz Truss. Johnson has given more than £250,000 to the Conservative Party, and was its vice-chairman from 2016 to 2019.

<span class="mw-page-title-main">Premiership of Rishi Sunak</span> Period of the Government of the United Kingdom from 2022

Rishi Sunak's tenure as Prime Minister of the United Kingdom began on 25 October 2022 when he accepted an invitation from King Charles III to form a government, succeeding Liz Truss. He is the first British Indian to hold the office of prime minister. As prime minister, Sunak is also serving as First Lord of the Treasury, Minister for the Civil Service, and Minister for the Union.

<span class="mw-page-title-main">Liam Booth-Smith</span> British political adviser (born 1987)

Liam Booth-Smith is a British political adviser who has served as the Downing Street Chief of Staff since October 2022. He previously served as de facto chief of staff to then-chancellor Rishi Sunak as head of the Joint Economic Unit.

Sir Laurence Henry Philip Magnus, 3rd Baronet, CBE is a British executive who has worked as a financier in the City of London, and was appointed as the UK Prime Minister's Independent Adviser on Ministers' Interests in December 2022.

Francis Xavier James Hester is a British businessman, and the founder, owner and CEO of software company The Phoenix Partnership. He is the largest ever donor to the Conservative Party having given £10 million in the year up to March 2024.

A list of events relating to politics and government in the United Kingdom during 2024.

Sydney John Peter Booth, Baron Booth, is a British businessman and politician. He was born in Houghton-le-Spring in the northeast of England, and lived there until attending the University of Essex where he took a bachelor's degree in government. He has been the chairman of the National Conservative Convention since 2021. Booth was nominated by Prime Minister Rishi Sunak for a life peerage and was created Baron Booth, of Houghton-le-Spring in the City of Sunderland, on 7 March 2024.

Stuart Adam Marks, Baron Marks of Hale,, is a British technology businessman and philanthropist.

References

  1. 1 2 "Parliamentary career for Lord Petitgas". MPs and Lords. UK Parliament. Retrieved 7 March 2024.
  2. 1 2 3 4 "Petitgas, Franck R. M." . Who's Who . A & C Black. 2023. doi:10.1093/ww/9780199540884.013.U247020.(Subscription or UK public library membership required.)
  3. 1 2 3 Pagnamenta, Robin (15 February 2008). "Morgan Stanley man shows his artistic side". The Times . No. 69247. p. 54. Retrieved 12 February 2024.
  4. Merrell, Caroline (16 November 2005). "New curb on bank's staff". The Times . No. 68546. p. 51. Retrieved 12 February 2024.
  5. Kennedy, Siobhan (16 November 2005). "Morgan Stanley sets up new $6bn buyout fund". The Times . No. 69085. p. 36. Retrieved 12 February 2024.
  6. 1 2 Morris, Stephen (21 November 2022). "Morgan Stanley's top international executive to step down". Financial Times. Retrieved 7 March 2024.
  7. "Franck Petitgas, Chairman of the Tate Foundation" (PDF). Tate.
  8. Cameron-Chileshe, Jasmine; Morris, Stephen (11 April 2023). "Rishi Sunak appoints former top Morgan Stanley executive as business adviser". Financial Times. Retrieved 7 March 2024.
  9. Mayes, Joe (11 April 2023). "Sunak Hires Former Morgan Stanley Executive as Business Adviser". Bloomberg. Retrieved 7 March 2024.
  10. 1 2 Walker, Peter (9 February 2024). "Major Tory donor among 13 new peers named in honours list". The Guardian. Retrieved 10 February 2024.
  11. "Conservative donors and 27-year-old among new life peers". BBC News. 10 February 2024. Retrieved 7 March 2024.
  12. Nimmo, Jamie (5 December 2021). "Morgan Stanley man is to the manor born". The Times . Retrieved 24 March 2024.
  13. "Décret du 30 décembre 2011 portant promotion et nomination". Journal officiel de la République française (in French) (1): 17. 1 January 2012. ISSN   0373-0425 via Légifrance.
  14. "Political Peerages 2024". GOV.UK. 9 February 2024. Retrieved 10 February 2024.
  15. "No. 64343". The London Gazette . 13 March 2024. p. 5094.
Orders of precedence in the United Kingdom
Preceded by Gentlemen
Baron Petitgas
Followed by