Former Minister for Economic Competitiveness, Small Business and Enterprise (jointly with Cabinet Office)

Portfolio

Formerly responsible for competitiveness, enterprise, growth and business investment, small business, general oversight of Shareholder Executive and its portfolios, Business Council for Britain and the Business Environment Unit

Biography

Baroness Shriti Vadera was appointed as adviser to next chair of G20, the Republic of Korea, by the Prime Minister on 24 September 2009.

Her new role, which she takes up from mid October 2009, will be to help manage the transition from the UK to the South Korean Presidency and reflects the growing importance of the G20 group and the UK’s engagement with it. Her BIS ministerial responsibilities were passed to Lord Davies.

Shriti was formerly Parliamentary Under-Secretary of State for Economic Competitiveness, Small Business and Enterprise in the Cabinet Office and Department for Business Innovation and Skills. She was Parliamentary Under-Secretary of State for Business and Competitiveness at BERR during January – October 2008.

Prior to that she spent 8 years on the Council of Economic Advisers, HM Treasury and was advisor to Gordon Brown when he was Chancellor of the Exchequer.

She was responsible for advising on business and city issues, productivity, enterprise, PPPs, public enterprises and amongst other things, was responsible for the creation of the Shareholder Executive, the Better Regulation Executive and initiating the Hampton, Barker, Eddington, Higgs, Myners and other Reviews.

She served as Parliamentary Under-Secretary of State for DfID from June 2007 to January 2008. She has 14 years’ experience as an investment banker, advising on banking, capital markets, project finance and corporate finance internationally.