Andrew Fraser, Baron Fraser of Corriegarth

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]

The Right Honourable The Lord Fraser of Corriegarth
Fraser in 2018
Member of the House of Lords Lord Temporal
Incumbent
Assumed office 20 October 2016 Life Peerage
Personal details
Born	December 2, 1946
Political party	Conservative
Alma mater	Eton College St John's College, Oxford

Education and career

Fraser is the son of Ian Fraser, Baron Fraser of Tullybelton, a prominent Scottish lawyer who later became a Law Lord. 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:

• CEO of Baring Securities in the UK[5]
• Chairman of EPL - Equity Partners Ltd., a Bangladeshi investment bank,[5] now BRAC EPL after taken over by BRAC Bank
• Chairman of Bridge Securities, a Korean company[5]
• Director of Asia Frontier Capital, and the associated AFC Umbrella Fund and AFC Umbrella Fund (Non-US),[5] a fund management company based in Hong Kong focusing on equity investments in Asian frontier countries like Bangladesh, Cambodia, Iraq, Kazakhstan, Kyrgyzstan, Laos, Mongolia, Myanmar, Pakistan, Papua New Guinea, Sri Lanka, Uzbekistan and Vietnam.

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]

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

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

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