TowerBrook appoints former Tory chairman to advisory board

Andrew Feldman, former chairman of Britain’s Conservative Party and current chief executive of clothing business Jayroma, has joined the UK private equity firm’s senior advisory board.

Investment management firm TowerBrook has appointed Andrew Feldman, the former chairman of Britain’s Conservative Party, to its senior advisory board, which will now have 12 members.

Lord Feldman, who is chief executive of clothing manufacturing business Jayroma, chaired the Conservative Party between May 2015 and July 2016, and was co-chair between May 2010 and May 2015, according to the House of Lords website. He resigned shortly after Britain voted to leave the European Union on 23 June.

In addition, he is director of Andrew Feldman Associates, a strategic advisory business.

He was previously a commercial barrister at 1 Essex Court and an associate consultant at Boston-headquartered consulting group Bain & Co. He became a Lord in 2010 and a Privy Councillor in 2015, according to TowerBrook’s website.

TowerBrook makes control investments in large and mid-market companies, focusing on both Europe and North America.

Lord Feldman isn't the only political leader to move into private equity. Former energy minister Sir Ed Davey is a non-executive director at Nord Engine Capital, a London-based private equity investor that brings UK companies to the Chinese market.

Lord Feldman’s appointment was first reported by Financial News.