Dominic Johnson
 Dominic Johnson     (financier, hedge fund manager, politician) | |||||||||||||||||||||
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| Born | Dominic Robert Andrew Johnson April 1974 | ||||||||||||||||||||
| Alma mater | Durham University | ||||||||||||||||||||
| Founder of | Somerset Capital Management | ||||||||||||||||||||
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Dominic Johnson is a British financier, hedge fund manager and politician, who is the co-founder and chief executive officer (CEO) of Somerset Capital Management.[1]
On 2 October 2022, Liz Truss appointed the unelected Dominic Johnson as Minister of State for International Trade and the Cabinet Office, which suggests he will be one of the rumoured 50 new Tory peers to force Brexit-linked legislation through the House of Lords, as anticipated in the soon-to-be-published Boris Johnson's resignation honours list.[2] An update to the September 2022 ministerial appointments list stated:
His Majesty has also been pleased to signify His intention of conferring a peerage of the United Kingdom for Life on Dominic Johnson CBE.[3]
On 24 October 2022, Lord Prem Sikka tweeted:
We have a new Lord today. Dominic Johnson, Baron Johnson of Lainston. Tory party donor and its vice-chairman from 2016 to 2019. Co-founder and chief executive officer of Somerset Capital Management, a company associated Jacob Rees-Mogg. You get the message.[4]
Career
Dominic Johnson began his career in finance with Robert Fleming & Co in 1995, and then with Jardine Fleming, Hong Kong, in 1998. Three years later, he joined Lloyd George Asset Management until 2007.
In 2007, Dominic Johnson co-founded Somerset Capital Management (SCM) with Jacob Rees-Mogg and Edward Robertson. All three were colleagues at Lloyd George Asset Management in Hong Kong. Rees-Mogg was CEO of SCM until Johnson succeeded him in 2010.[5]
In September 2022, SCM with assets under management of about $5 billion was up for sale, with Dominic Johnson planning to move into politics, and would be succeeded by chief operating officer Robert Diggle as CEO.[6]
Politics
From 2006 to 2010, Dominic Johnson was a Conservative councillor for the Royal Borough of Kensington and Chelsea.
In 2016, when his friend David Cameron stood down as prime minister, Johnson gave him the use of his £2,650-a-week Chelsea house, and Cameron accordingly declared a benefit of more than £37,000 in the register of MPs' interests.
Cash for honours
Dominic Johnson has given more than £250,000 to the Conservative Party, and was its vice-chairman from 2016 to 2019. In the 2017 New Year Honours, Johnson was appointed a Commander of the Order of the British Empire (CBE) "for political service".[7]
Related Document
| Title | Type | Publication date | Author(s) | Description |
|---|---|---|---|---|
| Document:How to profit from an engineered economic decline and crisis | Article | 28 September 2022 | Robert Bryson | How do you profit from an engineered economic decline and crisis? Simple really – acquire and give inside information to the hedge funders, who fund your leadership campaign! |
References
- ↑ Dominic Johnson on Linkedin"
- ↑ "Johnson expected to appoint allies to Lords in resignation honours list"
- ↑ "Ministerial Appointment added 2 October 2022"
- ↑ "We have a new Lord today. Dominic Johnson, Baron Johnson of Lainston."
- ↑ "Four new NEDs for the Department for International Trade"
- ↑ "Somerset Capital up for sale as CEO Johnson plans departure - reports"
- ↑ "May's campaign was given £35,000 by donors Cameron put forward for honours"
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