Franck Petitgas, Baron Petitgas

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The Right Honourable
The Lord Petitgas
Official portrait of Lord Petitgas crop 2.jpg
Official portrait, 2024
Member of the House of Lords
Lord Temporal
Incumbent
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 was a special adviser on business and investment to former 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]

Personal life

Petitgas was formerly married to Catherine Petitgas ( née  Gex), [2] a fellow French banker and art collector. [16] They married in 1985 and have a son. [2]

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References

  1. 1 2 "Parliamentary career for Lord Petitgas". MPs and Lords. UK Parliament. Retrieved 7 March 2024.
  2. 1 2 3 4 5 6 "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.
  16. ↑ Adam, Georgina (24 October 2020). "Catherine Petitgas: 'Collecting is not about decorating'". Financial Times. Retrieved 14 September 2024.
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