Honorific Prefix: | The Right Honourable |
The Lord Johnson of Lainston | |
Office: | Minister of State for Regulatory Reform |
Primeminister: | Rishi Sunak |
Predecessor: | The Earl of Minto |
Term Start: | 14 November 2023 |
Term End: | 5 July 2024 |
Office1: | Minister of State for Investment |
Primeminister1: | Rishi Sunak |
Predecessor1: | Himself |
Term Start1: | 24 November 2022 |
Term End1: | 5 July 2024 |
Primeminister2: | Liz Truss |
Term Start2: | 2 October 2022 |
Term End2: | 28 October 2022 |
Predecessor2: | The Lord Grimstone of Boscobel |
Successor2: | Himself |
Office3: | Deputy Chairman of the Conservative Party |
Term Start3: | 17 July 2016 |
Term End3: | 26 July 2019 |
Alongside3: | ,, |
Leader3: | Theresa May |
Predecessor3: | Robert Halfon |
Successor3: | Paul Scully |
Office8: | Member of the House of Lords |
Status8: | Lord Temporal |
Term Start8: | 24 October 2022 Life peerage |
Birth Name: | Dominic Robert Andrew Johnson |
Birth Place: | London, England |
Education: | Durham University |
Relatives: | Archie Hamilton (father-in-law) |
Dominic Robert Andrew Johnson, Baron Johnson of Lainston, (born 6 April 1974), is a British financier, hedge fund manager and politician, the co-founder and chief executive officer (CEO) of Somerset Capital Management. He served as a Minister of State in the Department for Business and Trade under Rishi Sunak, having served in the department during the tenure of Liz Truss. Johnson has given more than £250,000 to the Conservative Party, and was its vice-chairman from 2016 to 2019.
Johnson was born in London in 1974, son of Patrick Johnson and Juliet Elizabeth, daughter of Lt Andrew John Craig-Harvey, 5th Royal Inniskilling Dragoon Guards, of Lainston House, Sparsholt, near Winchester, Hampshire, now a hotel. Juliet's mother, Mary, daughter of Royal Navy Captain Robert Bradshaw Wilmot Sitwell, CBE, was a descendant, through her mother, of the Conservative politicians Charles Cocks, 1st Baron Somers and Sir Armine Wodehouse, 5th Baronet. Johnson's maternal uncle, Nicholas Craig-Harvey, is married to Lady Julia, daughter of the Conservative politician Hugh Percy, 10th Duke of Northumberland and maternal granddaughter of Walter Montagu Douglas Scott, 8th Duke of Buccleuch, also a Conservative politician.[1] [2] [3] [4]
When Johnson was six months old, his mother fatally stabbed his father after an argument over a burnt meal; although two guests attempted to assist him, Patrick Johnson died two days later aged thirty one.[5] Johnson's mother, aged twenty seven, was found guilty of manslaughter on grounds of diminished responsibility, and sent to Rooksdown Hospital in Hampshire; she was subsequently released and later remarried.[5] Johnson and his older sister were raised by their maternal grandparents.[5]
Johnson earned a bachelor's degree in politics from Durham University, where he was in Collingwood College, graduating in 1995.[6]
Johnson began his career in finance with Robert Fleming & Co. in 1995, and then with Jardine Fleming, Hong Kong, in 1998.[7] In 2001, he went into asset management, and worked for Lloyd George Management until 2007.[7] In 2007, he co-founded Somerset Capital Management (SCM) with Jacob Rees-Mogg and Edward Robertson.[7] [8] All three were colleagues at Lloyd George Management in Hong Kong.[9] Rees-Mogg was CEO of SCM until Johnson succeeded him in 2010.[9]
In September 2022, SCM with assets under management of about $5 billion was up for sale, with Johnson planning to move into politics, and would be succeeded by chief operating officer Robert Diggle as CEO.[10]
From 2006 to 2010, Johnson was a Conservative councillor for the Royal Borough of Kensington and Chelsea.[11]
In 2016, when his friend David Cameron stood down as prime minister, Johnson gave him the use of his £2,650-a-week Chelsea house,[11] and Cameron accordingly declared a benefit of more than £37,000 in the register of MPs' interests.[12]
Johnson has given more than £250,000 to the Conservative Party, and was its vice-chairman from 2016 to 2019.[8] In the 2017 New Year Honours, Johnson was appointed a Commander of the Order of the British Empire (CBE) "for political service".[11]
On 2 October 2022, Johnson was appointed by Liz Truss as a minister of state in the Cabinet Office and the Department for International Trade.[8] He is currently Minister of State for Investment. On 19 October 2022, to facilitate his ministerial role, he was created Baron Johnson of Lainston, of Lainston in the County of Hampshire.[13] [14] "Lainston" derives from his mother's family home, Lainston House, near Winchester in Hampshire, which is now a hotel.[15] Johnson was sacked by Truss's successor, Rishi Sunak, soon after he became Prime Minister.
Sunak re-appointed Johnson as a Minister of State for International Trade on 24 November 2022.
In 2024 it was reported that Johnson “made clear that he was keen to see a bigger Infosys presence in the UK and would be happy to do what he could to facilitate that”.[16]
In 2006, he married Alice Rose Alethea Hamilton (born 1974), the daughter of Archibald Hamilton, Baron Hamilton of Epsom, a British Conservative Party politician.[17]