Alexander Andrew Macdonell Fraser, Baron Fraser of Corriegarth (2 December 1946 – 6 February 2021) was a British banker, treasurer of the Conservative Party of the United Kingdom and was a member of the House of Lords. He was described variously as a "stockbroker" or an "investment banker".[1][2]
The Lord Fraser of Corriegarth | |
|---|---|
 Official portrait, 2018 | |
| Member of the House of Lords Lord Temporal | |
| In office 20 October 2016 – 6 February 2021 Life peerage | |
| Personal details | |
| Born | Alexander Andrew Macdonell Fraser 2 December 1946 |
| Died | 6 February 2021 (aged 74) Dingwall |
| Nationality | British |
| Political party | Conservative |
| Alma mater | |
| Profession | Financier |
Education and career
editFraser was the son of Mary Ursula Cynthia Gwendolen (Macdonnell) and 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.[3][4] After graduation, he worked at various jobs in the financial sector.[4] His major jobs included:
- CEO of Baring Securities in the UK[4]
- Chairman of EPL - Equity Partners Ltd., a Bangladeshi investment bank,[4] now BRAC EPL after taken over by BRAC Bank
- Chairman of Bridge Securities, a Korean company[4]
- Director of Asia Frontier Capital, and the associated AFC Umbrella Fund and AFC Umbrella Fund (Non-US),[4] 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.[5]
He was made a life peer in 2016 as part of David Cameron's Resignation Honours list.[6] On the morning of 31 August 2016 he was created Baron Fraser of Corriegarth, of Corriegarth in the County of Inverness. He was 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.[7]
He died on 6 February 2021, from a brain tumour, at the age of 74.[8][9]
Political support
editFraser is described by The Guardian as a "major donor" to the Conservative party.[10] 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.[1]
References
edit- ^ a b "Scottish independence: Pro-Union donors revealed". www.scotsman.com. Retrieved 5 August 2016.
- ^ 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.
- ^ ‘FRASER OF CORRIEGARTH’, Who's Who 2017, A & C Black, an imprint of Bloomsbury Publishing plc, 2017
- ^ a b c d e f Klug, Ulrich. "Asia Frontier Capital Ltd". www.asiafrontiercapital.com. Retrieved 5 August 2016.
- ^ "Who are the donors behind Yes and No campaigns?". www.scotsman.com. Retrieved 5 August 2016.
- ^ "Resignation Honours 2016 - Publications - GOV.UK". www.gov.uk. Retrieved 5 August 2016.
- ^ "No. 61698". The London Gazette. 7 September 2016. p. 19040.
- ^ "Lord Fraser of Corriegarth". Archived from the original on 14 February 2021. Retrieved 10 February 2021.
- ^ Lord Fraser of Corriegarth obituary
- ^ Mason, Rowena (4 August 2016). "George Osborne and Tory donors on Cameron's honours list". The Guardian. ISSN 0261-3077. Retrieved 5 August 2016.