Tuesday, 25 October 2016
Last updated 13 hours ago
Nov 22 2010 | 9:33am ET
Former Man Group CEO Stanley Fink has been named a member of Britain's House of Lords, just months after helping lead the Conservative Party back to power for the first time in 13 years.
Fink is one of 54 people—including 28 Tories—set to be ennobled by Queen Elizabeth II. The CEO of hedge fund International Standard Asset Management is the current treasurer of the Conservative Party and helped lead its fundraising effort in advance of this year's election. He himself chipped in £2 million.
Fink is expected to play an active role for the Tories in the upper house, which can delay but cannot stop legislation passed by the House of Commons.
He left Man in 2007 after seven years at the helm.