Paul Deighton, Baron Deighton

Paul Clive Deighton, Baron Deighton, He was educated at Wallington County Grammar School before going on to Trinity College, Cambridge, graduating in 1978 with a Bachelor of Arts degree in economics.

Career

Banking Deighton began his career at Bank of America and moved on to Security Pacific National Bank, where he specialised in corporate banking. In 1996 he returned to London, where he was promoted to Head of European Operations and became a partner in the firm. He has been credited with contributing to the success of the London Olympics. His approach included early winning of sponsorships, and high levels of staff training.

After the Olympics In September 2012 Deighton was appointed by Prime Minister David Cameron as junior minister in HM Government as Commercial Secretary to the Treasury, with effect from January 2013. The delay in his taking up the appointment was necessary to allow him to complete his duties at LOCOG.

To make him accountable to Parliament, he was created a life peer on 1 November 2012 as Baron Deighton, of Carshalton in the County of Surrey, and introduced in the House of Lords the same day.

Deighton was succeeded as Commercial Secretary to the Treasury by Jim O'Neill in May 2015.

In March 2016 Deighton was announced as the new Chairman of London Heathrow Airport.

In March 2018 it was announced that Deighton would become chairman of the board of The Economist Group.

COVID-19 pandemic On 19 April 2020 when it was announced that the death toll in the UK alone of the COVID-19 pandemic had reached 15,000 over the three months precedent, Deighton was appointed "PPE tsar" by Boris Johnson, who himself was recovering from a bout in the intensive care unit with the disease.

Pandora Papers scandal

Deighton was named in the Pandora Papers scandal as having abused his position as a Tory peer.

Honours In 2012, Deighton received the Olympic Order from Count Jacques Rogge, and received the Paralympic Order from the International Paralympic Committee.

Deighton was appointed Knight Commander of the Order of the British Empire in the 2013 New Years Honours for services to the London 2012 Olympic and Paralympic Games.

Personal life Deighton and his wife met whilst working at Goldman Sachs. They have two adult sons. Deighton supports Arsenal F.C.