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Former UK Deputy PM Dominic Raab makes PE move

The UK’s former Deputy Prime Minister Dominic Raab has started new roles with private equity firms Manchester Square Partners and Appian Capital Advisory (Appian), according to a report by The Guardian citing the latest MPs’ register of interests as of 19 February 2024. 

According to the report, Raab, who remains a Member of Parliament for Esher and Walton, listed £20,000 worth of pro bono services from Manchester Square Partners, which describes itself as “a discreet, private partnership specialising in leadership, succession and career management” on its LinkedIn page — its website is currently inactive.

Earlier this week, he was also named Senior Strategic Advisor on Global Affairs for Appian Capital Advisory, which invests in the metals and mining industry, though the MPs’ register of interests lists his starting date as 17 January 2024.

According to the register, Raab will be paid £118,000 ($150,000) a year and will receive 0.1% of the profits of Appian Natural Resources Fund III and Appian Credit Strategies I.

According to Appian’s press release, in the role, he will support the firm on geopolitical strategy and risk, as well as chairing its US partnership with Securing America’s Future Energy (SAFE), an organisation of military and business leaders focused on the intersection of energy policy and national security.

The MP announced last May that he would step down as an MP at the next election. Raab resigned from his senior government role last April after allegations of bullying led to a report which described him as having “acted in a manner which was intimidating” towards civil servants.

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