Zouk appoints Lord Paul Myners CBE to the Zouk Board
Zouk, the infrastructure and private equity fund manager investing in the sustainable economy, today announced it has appointed Lord Paul Myners CBE to the Zouk Board.
Myners' appointment will allow Zouk to draw upon his wider ranging insights into multiple areas of interest including, in particular, ESG considerations within private equity portfolios. Myners' is also expected to play an important role in supporting Zouk's business.
Lord Myners, a member of the House of Lords, has a distinguished track record in policymaking, fund management and business as an investor and corporate leader. Myners worked at Gartmore between 1987 – 2001, where he was latterly CEO and Chairman. His other roles at the same time included chairing Natwest Private Equity, which is now called Bridgepoint, and membership of the board of Lloyd's . Today Paul is a General Partner at Cevian Capital, Europe's largest shareholder engagement investor, and also has board memberships across several high-profile fund managers including Rockefeller and CQS. His insight into UK PLC is similarly unrivalled, where over the years he has held numerous directorships, including chairing the boards of Marks & Spencer, Guardian Media Group, Land Securities and the Low Pay Commission. He has also been a Member of Court (director) of the Bank of England and on the Board of GIC, one of Singapore's two sovereign wealth funds.
Paul spent a number of years working in the British Government, firstly as an advisor on institutional investment, where he was responsible for the 2001 Myners Report on regulation. Between 2008-2010 he held the role of City Minister at the Treasury, where he participated in the extensive restructuring of the UK banking sector during the financial crisis. He also became known for his firm promotion of good corporate governance and informed and engaged investment.
Lord Myners commented, 'I have known Samer and Zouk for more than ten years and have been impressed by Zouk's longstanding commitment to the sustainable economy and its record in ensuring ESG is at the core of its investments. I am looking forward to joining the Zouk board and working more closely with the team on issues I believe to be increasingly important in today's investing environment.'
Samer Salty, Managing Partner of Zouk added, 'Paul's range of experience across government, private equity fund management, and corporations as well as his commitment to corporate governance and ESG are invaluable to Zouk and our investor community in our focus on the sustainable economy. I have always admired Paul, whose advice and counsel I rate extremely highly, and we are delighted to welcome him to our Board.'