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Andrew Fraser, Baron Fraser of Corriegarth

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The Lord Fraser of Corriegarth
Official portrait, 2018
Member of the House of Lords
Lord Temporal
In office
20 October 2016 – 6 February 2021
Life peerage
Personal details
Born
Alexander Andrew Macdonell Fraser

(1946-12-02)2 December 1946
Died6 February 2021(2021-02-06) (aged 74)
Dingwall
NationalityBritish
Political partyConservative
Alma mater
ProfessionFinancier

Alexander Andrew Macdonell Fraser, Baron Fraser of Corriegarth (2 December 1946 – 6 February 2021) was a British banker, treasurer of the Conservative Party of the United Kingdom and was a member of the House of Lords. He was described variously as a "stockbroker" or an "investment banker".[1][2]

Education and career

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Fraser was the son of Mary Ursula Cynthia Gwendolen (Macdonnell) and Ian Fraser, Baron Fraser of Tullybelton, a prominent Scottish lawyer who later became a Law Lord.[citation needed] He was educated at Eton College and St John's College, Oxford where he read Philosophy, Politics and Economics.[3][4] After graduation, he worked at various jobs in the financial sector.[4] His major jobs included:

Fraser was also Head of Equities at Barings Bank in 1995, when it collapsed after £827 million losses resulting from poor speculative investments carried out by Nick Leeson.[5]

He was made a life peer in 2016 as part of David Cameron's Resignation Honours list.[6] On the morning of 31 August 2016 he was created Baron Fraser of Corriegarth, of Corriegarth in the County of Inverness. He was married to Rebecca (née Shaw-Mackenzie, formerly Ramsay), they have two daughters and three sons between them, and split their time between London and The Highlands, from where his title derives.[7]

He died on 6 February 2021, from a brain tumour, at the age of 74.[8][9]

Political support

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Fraser is described by The Guardian as a "major donor" to the Conservative party.[10] He was also the second largest Better Together donor, giving £200,000 to the campaign for a no vote in the 2014 Scottish independence referendum.[1]

References

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  1. ^ a b "Scottish independence: Pro-Union donors revealed". www.scotsman.com. Retrieved 5 August 2016.
  2. ^ Clegg, David (16 December 2013). "SNP slam Better Together as 'Tory to the core' after campaign reveal large cash gifts from two Conservative donors". Retrieved 5 August 2016.
  3. ^ ‘FRASER OF CORRIEGARTH’, Who's Who 2017, A & C Black, an imprint of Bloomsbury Publishing plc, 2017
  4. ^ a b c d e f Klug, Ulrich. "Asia Frontier Capital Ltd". www.asiafrontiercapital.com. Retrieved 5 August 2016.
  5. ^ "Who are the donors behind Yes and No campaigns?". www.scotsman.com. Retrieved 5 August 2016.
  6. ^ "Resignation Honours 2016 - Publications - GOV.UK". www.gov.uk. Retrieved 5 August 2016.
  7. ^ "No. 61698". The London Gazette. 7 September 2016. p. 19040.
  8. ^ "Lord Fraser of Corriegarth". Archived from the original on 14 February 2021. Retrieved 10 February 2021.
  9. ^ Lord Fraser of Corriegarth obituary
  10. ^ Mason, Rowena (4 August 2016). "George Osborne and Tory donors on Cameron's honours list". The Guardian. ISSN 0261-3077. Retrieved 5 August 2016.