Paul began as an investment banker in New York, even before leaving Oxford University in 1977. His career in international capital markets spanned 26 years and included directorships of N M Rothschild & Sons Ltd, NatWest Markets and Rabobank International.
His activities centred initially on the fixed income markets but following Big Bang he was part of the Rothschild team that developed the privatisation/Equity Capital Market model that has become the industry standard.
Since 2004 Paul has been Bursar of Trinity Hall, one of Cambridge University’s oldest colleges. In Cambridge he has chaired the University’s Board of Scrutiny and the Bursars’ Sub-Committee on Investments. He has been intimately involved in the foundation, design and structure of Cambridge & Counties Bank, the College’s investment in which forms a key part of its endowment portfolio. Paul was Chairman of Cambridge & Counties Bank from June 2012 to October 2016.