Jitesh Gadhia, Baron Gadhia

Jitesh Gadhia at the Horasis Global India Business Meeting, Liverpool, 22-23 June 2014

Jitesh Kishorekumar Gadhia, Baron Gadhia is a British investment banker, Conservative Party donor and member of the House of Lords. A member of the Leader's Group of high-value donors, he has been described by the The Herald as a member of David Cameron's "inner circle".[1]

Education and career

Gadhia studied economics at the University of Cambridge and the London Business School, where he was a Sloan Fellow.[2]

Gadhia is a senior managing director at The Blackstone Group, a US private equity firm.[3][2] Prior to this, he worked for Barclays, ABN AMRO, and Barings Bank, which collapsed while he worked there.[2][4][5] He also sits on the board of UK Financial Investments.[4] Gadhia was a trustee of Nesta,[6] and has written for The Daily Telegraph.[2][5]

Political support

He has donated at least £225,000 to the Conservative Party, and another £18,000 to the Conservative Friends of India.[3][1] He has also donated at least £25,000 to the Liberal Democrats in Scotland.[3][1]

He was involved in the cash for access scandal in 2014, along with James Stunt (billionaire art dealer, gambling and shipping tycoon) and Alexander Temerko (Russian energy tycoon), and approximately 40 others.[7][3]

In August 2016 it was announced that he was to be made a life peer in as part of Cameron's Resignation Honours list.[8] In the afternoon of 31 August he was created Baron Gadhia, of Northwood in the County of Middlesex.[9]

References

  1. 1 2 3 Gordon, Tom (2015-02-08). "Scottish LibDems took £25k from elite Tory donor". Herald Scotland. Retrieved 2016-08-07.
  2. 1 2 3 4 "Jitesh Gadhia joins Blackstone Group as senior MD". Business Standard. Mumbai. 2010-09-01. Retrieved 2016-08-07.
  3. 1 2 3 4 Malnick, Edward; Newell, Claire; Fayaz, Syed; Heighton, Luke; Telford, Lyndsey (2015-03-11). "Danny Alexander and the private dinner with Telegraph's 'dodgy' donor". Telegraph.co.uk. Retrieved 2016-08-07.
  4. 1 2 Quinn, James (2016-07-09). "Comparethemarket owner to float with £2bn valuation". Telegraph.co.uk. Retrieved 2016-08-07.
  5. 1 2 Gadhia, Jitesh (2015-02-25). "Barings' collapse was the start of the City's cultural decline". Telegraph.co.uk. Retrieved 2016-08-07.
  6. ↑ "Nesta Annual Report and Accounts for the year ended 31 March 2014" (PDF). Retrieved 2016-08-31.
  7. ↑ Blanchard, Jack (2014-11-12). "Tories in 'cash for access' backlash as donors pay £50K for 'Dinner with Dave'". Retrieved 2016-08-07.
  8. ↑ "Resignation Honours 2016 - Publications - GOV.UK". www.gov.uk. Retrieved 2016-08-05.
  9. ↑ "No. 61698". The London Gazette. 7 September 2016. p. 19040.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.