Former UK chancellor Lord Philip Hammond has been named chair of the advisory board at funding group Ventura Capital.
Hammond, who led the Treasury for 3 years beneath the premiership of Theresa Might, has held plenty of positions within the tech business since leaving politics in 2019, together with board chair positions at fintech group Railsr and crypto agency Copper.
He’s additionally an unbiased board member of Tekever, a portfolio firm of Ventura Capital.
“It’s a pure step to deepen my engagement throughout the Ventura portfolio the place I already sit on the boards of two very profitable corporations,” stated Hammond.
“Ventura brings actual development help in addition to fairness finance to its portfolio corporations and I’m happy to have the ability to help innovation throughout the Ventura portfolio as chair of the advisory board.”
The previous chancellor, who additionally served as international secretary, defence secretary and transport secretary, has taken on the brand new position on the London-based tech investor following the departure of Rick Haythornthwaite, a former Mastercard chair who stepped down from Ventura previous to his current appointment to the board of NatWest.
“It’s uncommon to search out the distillation of broad cross-sector information, actual understanding of various new know-how sub-sectors, world macro consciousness and the coverage experience which governs them in a single particular person,” commented Mo El Husseiny, managing companion of Ventura Capital.
“Lord Hammond has been a supply of nice perception and inspiration not solely to our portfolio corporations over time however to the Ventura crew ourselves.
“We welcome the chance to strengthen this exercise by way of our advisory board.”
Ventura Capital’s advisory board additionally beforehand included Peter Mandelson, a key determine within the governments of Tony Blair and Gordon Brown, who stepped down after returning to politics this 12 months to function the British ambassador to the US.
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