Baroness (Shriti) Vadera

Chair of Santander UK & Former Cabinet Minister

Biography

Shriti Vadera is currently chair of chair Santander in the UK, and the first woman to head major British bank.

Prior to this, Shriti was non-executive director of BHP Billiton and AstraZeneca and is an adviser on financial and strategic issues to global corporations and governments. Her assignments have ranged from advising peripheral Eurozone sovereigns to the Korean Chair of the G20, restructuring the debt of Dubai World to assisting the African Development Bank in raising financing for infrastructure.’

From January 2008 to September 2009, she was Minister for Economic Competitiveness & Enterprise in the Cabinet Office and Business department, working on the Government’s response to the financial crisis. She was a key architect of the bank recapitalisation plan and G20 London Summit. From June 2007 to January 2008 she was a Minister for International Development in DfID, responsible for development policy and aid to Africa and India.

Prior to her Ministerial role she spent 8 years on the Council of Economic Advisers, HM Treasury. She was responsible for advising on international financial and development policy, business issues, productivity, enterprise, PPPs, and public enterprises.

Before joining the Council of Economic Advisers she spent 14 years in investment banking at Warburg/UBS, in banking, capital markets, project finance and corporate finance internationally. She also advised governments of developing countries on a range of issues such as debt restructuring.

She was a trustee of Oxfam between 2000 and 2005 and has a degree in Philosophy, Politics & Economics from Oxford University. She was born and lived in Uganda until the age of 8 and in India until the age of 15.

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