Lord Davies of Abersoch is a partner and chairman of Corsair Capital, a private equity firm specializing in financial services.
Lord Davies was minister for Trade, Investment and Small Business, and Infrastructure from January 2009 until May 2010. Prior to this appointment, he was chairman of Standard Chartered PLC from November 2006. He joined the board of Standard Chartered PLC in December 1997 and was group chief executive from November 2001 until 2006.
He was awarded a CBE for his services to the financial sector and the community in Hong Kong in June 2002 where he served as a member of the HK Exchange fund for seven years. Lord Davies is also a JP in Hong Kong.
Lord Davies is married with two children and is a fluent Welsh speaker.