Philip Hammond has served in key ministerial roles, including Chancellor of the Exchequer and Foreign Secretary, and continues to influence policy both in and outside of government.
Lord Hammond set up his own consultancy, Matrix Partners, which has generated pre-tax profits of at least £3 million since its establishment.
Lord Philip Hammond is Chairman of the Board of Innovo. Philip has had a distinguished career in British politics as a Member of Parliament from 1997 to 2019.
News of Conservative peer Lord Philip Hammond's new global advisory role was announced by Penta yesterday. He will offer “strategic guidance”.
RCK Partners has welcomed former statesman Philip Hammond to its board of directors. Now sitting in the House of Lords, Hammond takes on the role of chair.
The cryptocurrency trading firm Copper Technologies employs Hammond as an adviser. Hammond holds a stake in the company worth $15 million. As of 2023, Hammond was Chair of Copper Technologies.
Hammond also worked at Francis Maude Associates, a consultancy founded by Francis Maude and Simone Finn, which trades as FMA.
Philip Hammond was born in Epping, Essex, in 1955. He attended school in Brentwood and later studied politics, philosophy, and economics at University College, Oxford. Before entering politics, he built a business career in various sectors, including manufacturing, consultancy, property, construction, and oil and gas, working both in the UK and internationally. From 1995 to 1997, he also served as an adviser to the government of Malawi.
Hammond was first elected as a Conservative Member of Parliament for Runnymede and Weybridge in 1997. His political career saw him hold several shadow portfolios before entering government in 2010. He served as Secretary of State for Transport from May 2010 to October 2011, where he oversaw the initiation of plans to raise motorway speed limits. He then became Secretary of State for Defence from 2011 to 2014, managing significant job cuts within the armed forces and overseeing the cost-effective deployment of military personnel for the 2012 Olympic Games amidst a security shortfall. His tenure also included increasing the number of active women serving in the Royal Navy.
From July 2014 to July 2016, Hammond served as Foreign Secretary, engaging in significant international diplomacy, including the P5+1 nuclear deal with Iran in 2015. He was appointed Chancellor of the Exchequer in July 2016 by Prime Minister Theresa May, a position he held until July 2019. As Chancellor, he supported navigating the UK’s departure from the European Union with an emphasis on protecting the economy, jobs, and living standards. After leaving Parliament in 2019, he was made Baron Hammond of Runnymede in 2020 and continues his involvement in public and private sectors.
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