Shriti Vadera, Baroness Vadera

Shriti Vadera, Baroness Vadera

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Shriti Vadera, Baroness Vadera

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Shriti Vadera, Baroness Vadera, PC (born 23 June 1962) is a British investment banker and politician. Until September 2009, she was a government minister jointly for the Department for Business, Innovation and Skills and the Cabinet Office.

Early life

She was born in Uganda in 1962 into a family of Indian origin.

Her family 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 Northwood College before taking a degree in Philosophy, Politics, and Economics at Somerville College, Oxford.

Private sector career

For over 14 years Vadera was employed at investment bank UBS Warburg, 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

After six months as a Minister in International Development, she was moved to the Department for Business, Enterprise and Regulatory Reform (now the Department for Business, Innovation and Skills). In October 2008, she also became a Parliamentary Secretary in the Cabinet Office. London's Evening Standard reported that Vadera was instrumental in the creation of an unprecedented banking...
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