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Franck Petitgas, Baron Petitgas

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The Right Honourable
The Lord Petitgas
Official portrait, 2024
Member of the House of Lords
Lord Temporal
Incumbent
Assumed office
7 March 2024
Life peerage
Personal details
Born
Franck Robert Marie Petitgas

(1961-02-25) 25 February 1961 (age 63)
Nantes, France
Political partyConservative
Alma materESCP Business School
OccupationBanker

Franck Robert Marie Petitgas, Baron Petitgas[1] (born 25 February 1961) is a French banker based in the United Kingdom. Formerly head of international at Morgan Stanley, he was a special adviser on business and investment to former British prime minister Rishi Sunak, and has been a member of the House of Lords since 2024.

Early life and education

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Petitgas was born on 25 February 1961 in Nantes, France, to Victor and Denise Petitgas. He was educated at ESCP Business School in Paris.[2]

Career

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Petitgas worked at S. G. Warburg & Co. from 1986 before joining the investment bank Morgan Stanley in 1993.[2][3] He was appointed a co-head of European banking in 2005,[4] and became the firm's head of investment banking in 2007[5] and head of international in 2018.[2] Petitgas retired from Morgan Stanley in November 2022, but stayed on a senior adviser to the company.[6]

Petitgas served as a member of the board of trustees of Tate from 2008 to 2016,[3][7] and was the chairman of the Tate Foundation from 2011 to 2021.[2] He is a collector of contemporary Latin American art.[3]

In April 2023, British prime minister Rishi Sunak appointed Petitgas a special adviser on business and investment while Sunak sought to increase business investment and deliver on the government's economic pledges.[8][9] Petitgas has donated £35,000 to the Conservative Party as of 2024.[10][11]

With his wife Amanda, Petitgas owns the historic manor of Bosham in West Sussex, comprising 2,230 acres (900 ha) of Chichester Harbour and its moorings.[6][12]

Honours

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Petitgas was appointed a knight (chevalier) of the Legion of Honour in France's 2012 New Year honours.[13] Nominated by Sunak for a life peerage,[10][14] he was created Baron Petitgas, of Bosham in the County of West Sussex, on 7 March 2024.[15] He sits on the Conservative benches in the House of Lords.[1]

Personal life

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Petitgas was formerly married to Catherine Petitgas (née Gex),[2] a fellow French banker and art collector.[16] They married in 1985 and have a son.[2]

References

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  1. ^ a b "Parliamentary career for Lord Petitgas". MPs and Lords. UK Parliament. Retrieved 7 March 2024.
  2. ^ a b c d e f "Petitgas, Franck R. M.". Who's Who. A & C Black. 2023. doi:10.1093/ww/9780199540884.013.U247020. (Subscription or UK public library membership required.)
  3. ^ a b c Pagnamenta, Robin (15 February 2008). "Morgan Stanley man shows his artistic side". The Times. No. 69247. p. 54. Retrieved 12 February 2024.
  4. ^ Merrell, Caroline (16 November 2005). "New curb on bank's staff". The Times. No. 68546. p. 51. Retrieved 12 February 2024.
  5. ^ Kennedy, Siobhan (16 November 2005). "Morgan Stanley sets up new $6bn buyout fund". The Times. No. 69085. p. 36. Retrieved 12 February 2024.
  6. ^ a b Morris, Stephen (21 November 2022). "Morgan Stanley's top international executive to step down". Financial Times. Retrieved 7 March 2024.
  7. ^ "Franck Petitgas, Chairman of the Tate Foundation" (PDF). Tate.
  8. ^ Cameron-Chileshe, Jasmine; Morris, Stephen (11 April 2023). "Rishi Sunak appoints former top Morgan Stanley executive as business adviser". Financial Times. Retrieved 7 March 2024.
  9. ^ Mayes, Joe (11 April 2023). "Sunak Hires Former Morgan Stanley Executive as Business Adviser". Bloomberg. Retrieved 7 March 2024.
  10. ^ a b Walker, Peter (9 February 2024). "Major Tory donor among 13 new peers named in honours list". The Guardian. Retrieved 10 February 2024.
  11. ^ "Conservative donors and 27-year-old among new life peers". BBC News. 10 February 2024. Retrieved 7 March 2024.
  12. ^ Nimmo, Jamie (5 December 2021). "Morgan Stanley man is to the manor born". The Times. Retrieved 24 March 2024.
  13. ^ "Décret du 30 décembre 2011 portant promotion et nomination". Journal officiel de la République française (in French) (1): 17. 1 January 2012. ISSN 0373-0425 – via Légifrance.
  14. ^ "Political Peerages 2024". GOV.UK. 9 February 2024. Retrieved 10 February 2024.
  15. ^ "No. 64343". The London Gazette. 13 March 2024. p. 5094.
  16. ^ Adam, Georgina (24 October 2020). "Catherine Petitgas: 'Collecting is not about decorating'". Financial Times. Retrieved 14 September 2024.
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Orders of precedence in the United Kingdom
Preceded by Gentlemen
Baron Petitgas 		Followed by
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