LetterOne Group, an investment business in the energy, technology and telecom sectors. He is currently the non-executive chairman of the board of directors of both L1 Holdings and L1 Investment Holdings. Public appointments Davies was appointed CBE in 2002 for his services to the financial sector, and in 2004, he was appointed a Justice of the Peace in Hong Kong. He was made a life peer on 2 February 2009 as Baron Abersoch, of Abersoch in the County of Gwynedd, with ministerial posts in the Foreign & Commonwealth Office and in the Department of Business, Innovation and Skills. He later held posts in Business, Enterprise and Regulatory Reform and in Trade, Investment and Small Business. Personal life Davies married Jeanne Marie Gammie in 1979. They have a son and a daughter. Davies speaks Welsh. He is a member of The Arts Club. He is a Trustee of the Royal Academy of Arts Development Trust, and is a keen tennis player. References Living people 1952 births Davies of Abersoch Commanders of the Order of the British Empire Harvard Business School alumni People associated with Bangor University Standard Chartered people British chief executives British chairpersons of corporations Life peers created by Elizabeth II