LORD Myners has taken the role of UK chairman at Swedish investment firm Cevian.
He will join the Cavendish Square offices of the Stockholm-based firm, where he will work closely with the boards of companies Cevian invests in. Cevian has had a UK presence since 2009 and has taken stakes in firms including Wolseley and Old Mutual. The firm fits well with Myners’ vocal championing of activist investors, as he is known for engaging with its target firms.
The former City minister has been much sought after since leaving the government, becoming chairman of Justice Holdings and joining Jacob Rothschild’s listed investment trust RIT Capital Partners. He gained plaudits during his time as chairman of Gartmore between 1987 and 2001.
City A.M. contacted Myners for a comment last night but was unable to reach him.