WHEN the financial history of the UK in the early 21st century comes to be written, Baroness Shriti Vadera’s should feature prominently.
For much of 2019 there was heightened speculation as to whether Lady Vadera might become the first female Governor of the Bank of England, but that job went to Andrew Bailey, the chief executive of the Financial Conduct Authority (the UK’s financial regulatory body).
He took up the role in March 2020 and she has gone on to consolidate her position as one of the most brilliant financial minds of our age.
She started her career as a City investment banker, moved into the Treasury and wound up as a very significant figure during the financial crash of 2008, working closely with prime minister Gordon Brown and is widely credited with helping to rescue the UK economy from freefall at the time.
Shortly after the crisis, she assumed a new role as a minister advising the G20 (group of countries with the most advanced economies).
In 2010, she left government and was nonexecutive director on the boards of pharma giants AstraZeneca and natural resources conglomerate BHP before being appointed the first
non-executive chair of a high street bank Santander and its UK Group Holdings plc in 2015.
She remained in that role till 2020, before joining the board of financial services company powerhouse Prudential Plc (which is an Asia-led portfolio of businesses) in May 2020, and it was announced then that in 2021 she would become chair of Prudential plc.
Of her £765,00-a-year role, she said at the time of the appointment: “It is an honour to join the board and to become chair.
“Prudential combines the highest standards of governance with a strong brand and a dynamic business model. “I look forward to working with colleagues and