Experienced banker takes up position at Epsom and St Helier hospitals

Richard Noble has been appointed a non-executive director at Epsom and St Helier hospitals trust

Richard Noble has been appointed a non-executive director at Epsom and St Helier hospitals trust

First published in News Sutton Guardian: Photograph of the Author by , Chief Reporter

An experienced investment banker has been appointed as a director at Epsom and St Helier hospitals trust.

Richard Noble, from Leatherhead, took up the £6,100-a-year post of non-executive director, which will last for two years, on June 1.

Mr Noble is vice chairman of investment banking at Nomura International.  He has 20 years of experience in advising on strategic mergers, acquisitions and divestments, finance raisings, restructuring and privatisation work.

He replaces Cherry McCormack who stood down earlier this year.  

Comments (13)

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6:25pm Sun 17 Aug 14

chillieman says...

WOULDNT IT BE BETTER TO EMPLOY SOMEONE WHO KNOWS SOMETHING ABOUT THE MEDICAL PROFESSION AS APPOSED TO SOME PEN PUSHER,
WOULDNT IT BE BETTER TO EMPLOY SOMEONE WHO KNOWS SOMETHING ABOUT THE MEDICAL PROFESSION AS APPOSED TO SOME PEN PUSHER, chillieman
  • Score: 13

9:10pm Sun 17 Aug 14

Forty_two says...

So, to quote the above:
"He has 20 years of experience in advising on strategic mergers, acquisitions and divestments, finance raisings, restructuring and privatisation work. "

Note the last item of experience mentioned here, *Privatisation work*.

I think this speaks volumes, and well done to Hardeep Matharu for uncovering this. This should be worrying for all of us.
So, to quote the above: "He has 20 years of experience in advising on strategic mergers, acquisitions and divestments, finance raisings, restructuring and privatisation work. " Note the last item of experience mentioned here, *Privatisation work*. I think this speaks volumes, and well done to Hardeep Matharu for uncovering this. This should be worrying for all of us. Forty_two
  • Score: 13

9:44pm Sun 17 Aug 14

Georgia Lewis says...

Nomura International, eh? That is indeed interesting...

It would appear Nomura International is not just a boring old investment bank. It is an investment bank with links to the business of healthcare... Is this just a crazy coincidence?

https://www.nomura.c
om/events/healthcare
-conference/resource
s/upload/healthcare-
at-home.pdf
Nomura International, eh? That is indeed interesting... It would appear Nomura International is not just a boring old investment bank. It is an investment bank with links to the business of healthcare... Is this just a crazy coincidence? https://www.nomura.c om/events/healthcare -conference/resource s/upload/healthcare- at-home.pdf Georgia Lewis
  • Score: 11

12:33am Mon 18 Aug 14

fn1234 says...

This is a very cynical move by the hospital directors. It's obvious what it says about how they hope 'their' (that is to say, OUR) hospital will end up. So much for Chris Grayling 'saving epsom hospital'.
This is a very cynical move by the hospital directors. It's obvious what it says about how they hope 'their' (that is to say, OUR) hospital will end up. So much for Chris Grayling 'saving epsom hospital'. fn1234
  • Score: 10

11:08am Mon 18 Aug 14

EwellMan says...

I would love to see the real facts on hospital budgets and where the money is going. Employing a banker to run a Hospital is Lunacy, all he will know it making a profit and at what cost?

Privatisation does not work and never will!! and we all know the conservatives have been background service privatising the NHS for years.
I would love to see the real facts on hospital budgets and where the money is going. Employing a banker to run a Hospital is Lunacy, all he will know it making a profit and at what cost? Privatisation does not work and never will!! and we all know the conservatives have been background service privatising the NHS for years. EwellMan
  • Score: 12

11:24am Mon 18 Aug 14

labyrinth says...

chillieman wrote:
WOULDNT IT BE BETTER TO EMPLOY SOMEONE WHO KNOWS SOMETHING ABOUT THE MEDICAL PROFESSION AS APPOSED TO SOME PEN PUSHER,
Not for those in charge, because it's obvious that they are not interested in health care but in mergers, acquisitions and privatisations - he is a money man, and that speaks volumes. Shameful.
[quote][p][bold]chillieman[/bold] wrote: WOULDNT IT BE BETTER TO EMPLOY SOMEONE WHO KNOWS SOMETHING ABOUT THE MEDICAL PROFESSION AS APPOSED TO SOME PEN PUSHER,[/p][/quote]Not for those in charge, because it's obvious that they are not interested in health care but in mergers, acquisitions and privatisations - he is a money man, and that speaks volumes. Shameful. labyrinth
  • Score: 10

11:40am Mon 18 Aug 14

adrianshort says...

Is it reasonable to ask whether this chap has private health insurance or uses private healthcare?
Is it reasonable to ask whether this chap has private health insurance or uses private healthcare? adrianshort
  • Score: 8

1:01pm Mon 18 Aug 14

EwellMan says...

Georgia Lewis wrote:
Nomura International, eh? That is indeed interesting... It would appear Nomura International is not just a boring old investment bank. It is an investment bank with links to the business of healthcare... Is this just a crazy coincidence? https://www.nomura.c om/events/healthcare -conference/resource s/upload/healthcare- at-home.pdf
Happens all the time.Large companies get the insider information from the government and then start making acquisitions know they can then bid for large Goevrnment Contracts.

Look at that company ATOS and the disability benefit debarcle!!! same thing going on with the like of G4S, Serco, Capita - they all have the feet under the Government Wing but deliver poor service for the money they receive.

MP's and/or family members will be sharedholders and then when they leave Government will get consultant postitons. Just look at that incompetant war mongerer Blair

Whole lot stinks!!
[quote][p][bold]Georgia Lewis[/bold] wrote: Nomura International, eh? That is indeed interesting... It would appear Nomura International is not just a boring old investment bank. It is an investment bank with links to the business of healthcare... Is this just a crazy coincidence? https://www.nomura.c om/events/healthcare -conference/resource s/upload/healthcare- at-home.pdf[/p][/quote]Happens all the time.Large companies get the insider information from the government and then start making acquisitions know they can then bid for large Goevrnment Contracts. Look at that company ATOS and the disability benefit debarcle!!! same thing going on with the like of G4S, Serco, Capita - they all have the feet under the Government Wing but deliver poor service for the money they receive. MP's and/or family members will be sharedholders and then when they leave Government will get consultant postitons. Just look at that incompetant war mongerer Blair Whole lot stinks!! EwellMan
  • Score: 8

3:17pm Mon 18 Aug 14

Georgia Lewis says...

Indeed, EwellMan. According to the Epsom-St Helier Trust website, this is what is says in the announcement of Mr Noble's appointment:

"He does not have political or other interests which conflict with the role and responsibilities on the Trust Board."

It would be nice if someone from the trust can explain how there is no conflict of interest when Mr Noble works for a company that is involved in the business of healthcare.
Indeed, EwellMan. According to the Epsom-St Helier Trust website, this is what is says in the announcement of Mr Noble's appointment: "He does not have political or other interests which conflict with the role and responsibilities on the Trust Board." It would be nice if someone from the trust can explain how there is no conflict of interest when Mr Noble works for a company that is involved in the business of healthcare. Georgia Lewis
  • Score: 7

12:54pm Tue 19 Aug 14

chillieman says...

HEY EWELLMAN ,we actually agree on something .. Chillieman :)
HEY EWELLMAN ,we actually agree on something .. Chillieman :) chillieman
  • Score: 4

12:02pm Wed 20 Aug 14

Pippa Maslin says...

The Conservative Party and the Labour Party have both opened the door for more and more health services to come from private providers whose ultimate interest is a health profit margin.

For example, in 2000, Gordon Brown marketed PFI by inviting financiers to invest in:

"...core services, which the government is statutorily bound to provide, and for which demand is virtually insatiable.

Your revenue stream is ultimately backed by Government. Where else can you get a business opportunity like that?”

(BBC Radio 4, 6th July 2004)
The Conservative Party and the Labour Party have both opened the door for more and more health services to come from private providers whose ultimate interest is a health profit margin. For example, in 2000, Gordon Brown marketed PFI by inviting financiers to invest in: "...core services, which the government is statutorily bound to provide, and for which demand is virtually insatiable. Your revenue stream is ultimately backed by Government. Where else can you get a business opportunity like that?” (BBC Radio 4, 6th July 2004) Pippa Maslin
  • Score: 3

12:03pm Wed 20 Aug 14

Pippa Maslin says...

I meant 'healthy profit margin', not 'health profit margin'.
I meant 'healthy profit margin', not 'health profit margin'. Pippa Maslin
  • Score: 3

1:41pm Wed 20 Aug 14

Georgia Lewis says...

Absolutely right, Pippa! We have been sleepwalking towards a privatised NHS for years now and the appointment of Richard Noble does nothing to reassure me that this will stop any time soon.
Absolutely right, Pippa! We have been sleepwalking towards a privatised NHS for years now and the appointment of Richard Noble does nothing to reassure me that this will stop any time soon. Georgia Lewis
  • Score: 5

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