Andrew Fraser, Baron Fraser of Corriegarth

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Official parliamentary portrait 2018

Alexander Andrew Macdonell Fraser, Baron Fraser of Corriegarth (born 2 December 1946[1]) was a treasurer of the Conservative Party of the United Kingdom and is a member of the House of Lords. He is described variously as a "stockbroker" or an "investment banker".[2][3]

Education and career[edit]

Fraser is the son of Ian Fraser, Baron Fraser of Tullybelton, a prominent Scottish lawyer who later became a Law Lord.[citation needed] He was educated at Eton College and St John's College, Oxford where he read Philosophy, Politics and Economics.[4][5] After graduation, he worked at various jobs in the financial sector.[5] His major jobs included:

Fraser was also Head of Equities at Barings Bank in 1995, when it collapsed after £827 million losses resulting from poor speculative investments carried out by Nick Leeson.[6] In 1992, Fraser had written a memo expressing concern about Leeson's power.[6]

He was made a life peer in 2016 as part of David Cameron's Resignation Honours list.[7] On the morning of 31 August 2016 he was created Baron Fraser of Corriegarth, of Corriegarth in the County of Inverness. He is married to Rebecca (née Shaw-Mackenzie, formerly Ramsay), they have two daughters and three sons between them, and split their time between London and The Highlands, from where his title derives.[8]

Political support[edit]

Fraser is described by The Guardian as a "major donor" to the Conservative party.[9] He was also the second largest Better Together donor, giving £200,000 to the campaign for a no vote in the 2014 Scottish independence referendum.[2]

References[edit]

  1. ^ "Alexander Andrew Macdonell FRASER". Companies House register. Retrieved 7 August 2016.
  2. ^ a b "Scottish independence: Pro-Union donors revealed". www.scotsman.com. Retrieved 2016-08-05.
  3. ^ Clegg, David (2013-12-16). "SNP slam Better Together as 'Tory to the core' after campaign reveal large cash gifts from two Conservative donors". Retrieved 2016-08-05.
  4. ^ ‘FRASER OF CORRIEGARTH’, Who's Who 2017, A & C Black, an imprint of Bloomsbury Publishing plc, 2017
  5. ^ a b c d e f Klug, Ulrich. "Asia Frontier Capital Ltd". www.asiafrontiercapital.com. Retrieved 2016-08-05.
  6. ^ a b "Who are the donors behind Yes and No campaigns?". www.scotsman.com. Retrieved 2016-08-05.
  7. ^ "Resignation Honours 2016 - Publications - GOV.UK". www.gov.uk. Retrieved 2016-08-05.
  8. ^ "No. 61698". The London Gazette. 7 September 2016. p. 19040.
  9. ^ Mason, Rowena (2016-08-04). "George Osborne and Tory donors on Cameron's honours list". The Guardian. ISSN 0261-3077. Retrieved 2016-08-05.