MYNERS will today be appointed to the board of trustees for the international children’s charity ARK (Absolute Return for Kids).
Myners, who started his career as a teacher, described ARK as a “tremendously innovative and dynamic charity”.
A former chairman of Marks & Spencer, Myners was headhunted by ex-Prime Minister Gordon Brown to be City minister in 2008. He became the centre of controversy after allegedly agreeing to a “compromise deal” over Sir Fred Goodwin’s pension, allowing the former RBS boss to increase his pension pot by £8m.
Myners said: “ARK can claim a genuinely catalytic impact on public policy in a number of countries.”
Absolute Return for Kids – founded by French hedge fund manager Arpad Busson – runs academy schools in the UK, including a Church of England academy in West London. Next year, the charity is also planning to open two London primaries under the coalition’s free schools programme.
ARK also raises contributions for children who are victims of abuse, illness, disability and poverty.