Alexander Andrew Macdonell Fraser, Baron Fraser of Corriegarth (2 December 1946 – 6 February 2021) was an English 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".

Education and career

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. He was educated at Eton College and

St John's College, Oxford St John's College is a constituent college of the University of Oxford. Founded as a men's college in 1555, it has been coeducational since 1979.Communication from Michael Riordan, college archivist Its founder, Sir Thomas White, intended to pro ...

where he read Philosophy, Politics and Economics. After graduation, he worked at various jobs in the financial sector. His major jobs included: * CEO of Baring Securities in the UK * Chairman of EPL - Equity Partners Ltd., a Bangladeshi investment bank, now BRAC EPL after taken over by BRAC Bank * Chairman of Bridge Securities, a Korean company * Director of

Asia Frontier Capital Asia Frontier Capital Ltd. is an investment company created by a management buyout of Leopard Capital by the former CFO and COO, Thomas Hugger, at the end of May 2013. Leopard Capital Management Ltd. was subsequently renamed Asia Frontier Capital ...

, and the associated AFC Umbrella Fund and AFC Umbrella Fund (Non-US), a fund management company based in Hong Kong focusing on equity investments in Asian frontier countries like Bangladesh, Cambodia, Iraq, Kazakhstan, Kyrgyzstan,

Laos Laos (, ''Lāo'' )), officially the Lao People's Democratic Republic ( Lao: ສາທາລະນະລັດ ປະຊາທິປະໄຕ ປະຊາຊົນລາວ, French: République démocratique populaire lao), is a socialist ...

, Mongolia,

Myanmar Myanmar, ; UK pronunciations: US pronunciations incl. . Note: Wikipedia's IPA conventions require indicating /r/ even in British English although only some British English speakers pronounce r at the end of syllables. As John C. Wells, Joh ...

, Pakistan, Papua New Guinea,

Sri Lanka Sri Lanka (, ; si, ශ්‍රී ලංකා, Śrī Laṅkā, translit-std=ISO (); ta, இலங்கை, Ilaṅkai, translit-std=ISO ()), formerly known as Ceylon and officially the Democratic Socialist Republic of Sri Lanka, is an ...

, Uzbekistan and Vietnam. 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. He was made a

life peer In the United Kingdom, life peers are appointed members of the peerage whose titles cannot be inherited, in contrast to hereditary peers. In modern times, life peerages, always created at the rank of baron, are created under the Life Peerages ...

in 2016 as part of

David Cameron David William Donald Cameron (born 9 October 1966) is a British former politician who served as Prime Minister of the United Kingdom from 2010 to 2016 and Leader of the Conservative Party from 2005 to 2016. He previously served as Leader o ...

Resignation Honours The Prime Minister's Resignation Honours in the United Kingdom are Orders, decorations, and medals of the United Kingdom, honours granted at the behest of an outgoing Prime Minister of the United Kingdom, prime minister following their resignation ...

list. 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. He died on 6 February 2021, from a

brain tumour A brain tumor occurs when abnormal cells form within the brain. There are two main types of tumors: malignant tumors and benign (non-cancerous) tumors. These can be further classified as primary tumors, which start within the brain, and secondary ...

, at the age of 74.

Political support

Fraser is described by The Guardian as a "major donor" to the Conservative party. 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 A referendum on Scottish independence from the United Kingdom was held in Scotland on 18 September 2014. The referendum question was, "Should Scotland be an independent country?", which voters answered with "Yes" or "No". The "No" side w ...

References

{{DEFAULTSORT:Fraser, Andrew 1946 births 2021 deaths Alumni of St John's College, Oxford Conservative Party (UK) life peers Investment bankers Life peers created by Elizabeth II People educated at Eton College Stockbrokers Sons of life peers Fraser