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Contents • • • • • • Early life [ ] She was born in in 1962 to Indian parents. She is from a family who owned a small tea plantation but fled to India in 1972 following the Ugandan government's expulsion of Ugandan Asians, and then later to the UK. She was educated at before taking a degree in Philosophy, Politics, and Economics at,. Private sector career [ ] For over 14 years Vadera was employed at investment bank, where her work included advising governments of developing countries, and debt relief and restructuring.
She also played a role in the partial privatisation of South African Telecom. Government adviser and minister [ ] Following his appointment as Prime Minister in June 2007, Gordon Brown appointed her as in the. As she was not a member of either of the Houses of Parliament, she was created a on 11 July 2007 as Baroness Vadera, of in the. Reported that the 'flatly refus[ed] to allow her to cross the threshold of No 10 as policy enforcer' and 'no could stand her' – although the Cabinet Secretary denied making these comments. Following criticism of her working style, Stephen Alambritis, of the Federation of Small Businesses, said: “If the Civil Service is complaining about her, then probably more ministers should be like her; she gets things done.” After six months as a Minister in International Development, she was moved to the (now the ).
In October 2008, she also became a in the. On 14 January 2009 she gave an interview on ITV's Lunchtime News, which concluded:: 'Final and briefest thought possible – you're a former banker and business person yourself and now a minister – when will we see the green shoots of recovery? Baroness Vadera: 'Well, it's a very uncertain world right now globally but I wouldn't want to be the one predicting it.
I am seeing a few green shoots but it's a little bit too early to say exactly how they'll grow.' Her reply generated commentary from a number of sources, including shadow chancellor and former chancellor, who first used the phrase ' in 1991. Lamont said: 'It is extremely premature to use a phrase like that.' Later that year London's reported that Vadera was instrumental in the creation of an unprecedented banking rescue package. On 24 September 2009, it was announced that she would be stepping down as minister to take up a new role advising the.
As of May 2017, she has been on a leave of absence from the House of Lords since December 2011. Post-government career [ ] In April 2010, the reported that Vadera had taken up a consultancy to give strategic advice in restructuring Dubai World's US$26 billion debt. In July, the reported Vadera had become consultant to Singaporean investment company. 'The reason people like Shriti are getting these offers is because there are very few people who understand the international finance world and the geopolitical world at a time when the financial world clearly has some issues with the political world.' Said Martin Armstrong of recruitment consultants Somerton Partners. In December 2010, she was appointed to the Boards of and as a non-executive director. In December 2014, it was announced that she would become Non-Executive Chairman of, replacing.
She joined the board in January 2015 and succeeded Burns on 30 March 2015. In 2016, she was chosen as one of References [ ]. 15 January 2009. Retrieved 15 January 2015. • ^ Helm, Toby; Beckford, Martin (3 November 2007). Retrieved 28 July 2009.
CS1 maint: Uses authors parameter () • Dutt, Vijay; Canton, Naomi (June 24, 2007).. • ^ Teather, David (26 July 2008). Retrieved 28 July 2009. • Sparrow, Andrew (15 January 2009). Retrieved 28 July 2009. 29 June 2007. Archived from on 1 July 2007.