Paul has had three distinct careers; in finance, leading the London 2012 Olympics and as a UK Government Minister, and now has a portfolio of non-executive roles.
Graduating in economics from Cambridge University, he spent 27 years in banking, 22 of them at Goldman Sachs where he became a Partner. The first half of his career was spent advising corporate clients, while the second half was focussed on internal leadership and risk management as the firm expanded around the world.
In 2005 he left Goldman Sachs to become the CEO of LOCOG (the London Organising Committee for the Olympic and Paralympic Games) and remains the only CEO in modern summer Olympic history to have lasted a full 7 year tenure. In this role Paul was responsible for building the organisation, formulating the plan, raising the money and delivering London 2012. This involved ensuring that venues, transport, security, broadcasting, technology, ticketing, workforce, volunteers, sponsorship, merchandise, ceremonies and the torch relay were all ready for both the Olympics and the Paralympics, and collaborating across a vast array of partners from both the public and private sectors, as well as from the international sporting world.
After the success of the Games, Paul was knighted by Her Majesty the Queen and asked by Prime Minister Cameron and Finance Minister Osborne to join the UK Government as a Treasury Minister in the House of Lords to oversee the delivery of the country’s infrastructure and to attract foreign investment into the UK. He also led the UK’s Banking Reform Bill through the legislative process in Parliament.
Having retired from Government at the May 2015 election, Paul has built a portfolio of business and voluntary positions. He is the non-executive Chairman of Heathrow Airport, Chairman of Hakluyt, a UK based advisory firm and serves on the board of Square Inc, a San Francisco based payments processing company. Paul served on the Parliamentary committee reviewing the refurbishment options for the Palace of Westminster. Continuing his involvement in sport, he was a board member of the organising committee for the 2015 Rugby World Cup and now chairs the audit and finance commission of the IAAF, the international governing body for athletics. He also chairs the governing body of King's College School Wimbledon, one of the UK's leading independent schools.