Franck Petitgas, Baron Petitgas Explained

Honorific Prefix:The Right Honourable
The Lord Petitgas
Office:Member of the House of Lords
Lord Temporal
Term Start:7 March 2024
Life peerage
Birth Name:Franck Robert Marie Petitgas
Birth Date:25 February 1961
Birth Place:Nantes, France
Party:Conservative
Alma Mater:ESCP Business School
Occupation:Banker

Franck Robert Marie Petitgas, Baron Petitgas (born 25 February 1961) is a French banker based in the United Kingdom. Formerly head of international at Morgan Stanley, he is a special adviser on business and investment to British prime minister Rishi Sunak and has been a member of the House of Lords since 2024.

Early life and education

Petitgas was born on 25 February 1961 in Nantes, France, to Victor and Denise Petitgas. He was educated at ESCP Business School in Paris.

Career

Petitgas worked at S. G. Warburg & Co. from 1986 before joining the investment bank Morgan Stanley in 1993.[1] He was appointed a co-head of European banking in 2005,[2] and became the firm's head of investment banking in 2007[3] and head of international in 2018. Petitgas retired from Morgan Stanley in November 2022, but stayed on a senior adviser to the company.[4]

Petitgas served as a member of the board of trustees of Tate from 2008 to 2016,[1] [5] and was the chairman of the Tate Foundation from 2011 to 2021. He is a collector of contemporary Latin American art.[1]

In April 2023, British prime minister Rishi Sunak appointed Petitgas a special adviser on business and investment while Sunak sought to increase business investment and deliver on the government's economic pledges.[6] [7] Petitgas has donated £35,000 to the Conservative Party .[8] [9]

With his wife Amanda, Petitgas owns the historic manor of Bosham in West Sussex, comprising of Chichester Harbour and its moorings.[4] [10]

Honours

Petitgas was appointed a knight (French: chevalier) of the Legion of Honour in France's 2012 New Year honours.[11] Nominated by Sunak for a life peerage,[8] [12] he was created Baron Petitgas, of Bosham in the County of West Sussex, on 7 March 2024. He sits on the Conservative benches in the House of Lords.[13]

Notes and References

  1. News: Pagnamenta. Robin. Morgan Stanley man shows his artistic side. 12 February 2024. The Times. 69247. 15 February 2008. 54.
  2. News: Merrell. Caroline. New curb on bank's staff. 12 February 2024. The Times. 68546. 16 November 2005. 51.
  3. News: Kennedy. Siobhan. Morgan Stanley sets up new $6bn buyout fund. 12 February 2024. The Times. 69085. 16 November 2005. 36.
  4. News: Morgan Stanley's top international executive to step down . Financial Times . en . Morris . Stephen . 2022-11-21 . 2024-03-07.
  5. Web site: Franck Petitgas, Chairman of the Tate Foundation . Tate.
  6. News: Rishi Sunak appoints former top Morgan Stanley executive as business adviser . Financial Times . en . Cameron-Chileshe . Jasmine . Morris . Stephen . 2023-04-11 . 2024-03-07.
  7. News: Sunak Hires Former Morgan Stanley Executive as Business Adviser . Bloomberg . en . Mayes . Joe . 2023-04-11 . 2024-03-07.
  8. News: Walker . Peter . 2024-02-09 . Major Tory donor among 13 new peers named in honours list . 2024-02-10 . The Guardian.
  9. News: Conservative donors and 27-year-old among new life peers . BBC News . en . 2024-02-10 . 2024-03-07.
  10. News: Morgan Stanley man is to the manor born . Nimmo . Jamie . . en . 2021-12-05 . 2024-03-24.
  11. Décret du 30 décembre 2011 portant promotion et nomination . 2012-01-01 . Journal officiel de la République française . fr . 1 . 17 . 0373-0425 . Légifrance.
  12. Web site: Political Peerages 2024 . GOV.UK . 2024-02-09 . 2024-02-10.
  13. Web site: Parliamentary career for Lord Petitgas . MPs and Lords . UK Parliament . 2024-03-07.