Early life
Davies was born on 21 November 1952. He was educated at Rydal Penrhos in North Wales.Career
Davies started his career in banking at Midland Bank where his father was a bank manager, before moving to Citibank where is worked for 10 years, and then to Standard Chartered in 1993. Davies was Chairman of Standard Chartered PLC between November 2006 and January 2009, having been Chief executive between 2001 and 2006 and a director since 1997. Since 2010, Davies has held executive roles on the board of Corsair Capital LLC, a private equity investor, where he was the chairman and a partner. Chairman until 2022, he remains a senior advisor. Davies also spent 10 years as a non-executive director at Diageo, serving as senior director and chair of the company's remuneration committee during that time. He was named the chairman of Intermediate Capital Group (ICG) in 2019 and NESsT in 2021. From 2014, he was chairman of Jack Wills, a fashion business. In August 2016 Sky News reported that Davies was to stand down as Jack Wills was taken over in a private equity transaction involving Bluegem taking a minority stake in the company following reported losses. In November 2013, Davies became chairman of the Garden Bridge Trust, planning a bridge over the Thames in London, just 200m from Waterloo Bridge. The bridge was intended to be built largely from privately donated funds, but on 26 July 2016 the BBC reported that Davies had approached the Secretary of State for Transport seeking an extension of a £15m government underwriting commitment until September 2017. £37.7m had been spent on preliminary works, but construction of the bridge had not started and was being delayed until the autumn of 2016. However, the project was subsequently further delayed, and construction of the bridge did not start in 2016. In January 2017 the Garden Bridge Trust lodged its accounts with Companies House but was unable to classify itself as a going concern, due to uncertainties about the funding and planning permissions needed for the bridge. Davies insisted that the Garden Bridge Trust expected to start construction "in 2017", but the project was scrapped in August of that year, having spent taxpayers' funds of £50m. In May 2015 Davies was appointed deputy chairman of the LetterOne Group, an investment business in the energy, technology and telecom sectors. He became the non-executive chairman of the board of directors of both L1 Holdings and L1 Investment Holdings. In March 2022, LetterOne froze the shareholdings of two EU sanctioned directors and removed them from its board, leaving Davies in control of the firm."Mikhail Fridman loses control of LetterOne after sanction"Public appointments
Davies was appointed aPersonal life
Davies married Jeanne Marie Gammie in 1979. They have a son and a daughter. Davies speaks Welsh. He is a member of The Arts Club. He is a Trustee of theArms
References
External links
{{DEFAULTSORT:Davies, Mervyn Living people 1952 births Davies of Abersoch Commanders of the Order of the British Empire Harvard Business School alumni People educated at Rydal Penrhos People associated with Bangor University Standard Chartered people British chief executives British chairpersons of corporations Life peers created by Elizabeth II Salford City F.C. chairmen and investors British football chairmen and investors Justices of the peace