Dominic Johnson, founding partner and chief executive of Somerset Capital Management, is set to be appointed minister for investment, according to a report in The Times, which said that Sir Nigel Wilson had turned down the role.
Wilson was appointed group chief executive of Legal & General in 2012 after joining the firm as chief financial officer in 2009. He was knighted for finance and regional development in the 2022 New Year's Honours List. According to The Times, Wilson had been "the frontrunner" for the ministerial role, however, he decided to stay in his current position. Bank of England intervenes with temporary QE to stem sell-off As a result, Johnson now looks likely to be appointed. Johnson has been a non-executive at the Department for International Trade since November 2020. He set up Somerset,...
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