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Sir Jeremy Fleming, the just lately departed head of British cyber intelligence spy company GCHQ, has been employed to chair the advisory board of a UK enterprise group with shut ties to the British security providers.
Fleming, who left his GCHQ position in May this 12 months, is the most recent large rent to the board of enterprise enterprise Gallos Technologies, which additionally contains former UK authorities security officers Sir Anthony Finkelstein and Tom Hurd amongst its advisers.
Fleming’s appointment is one other instance of the revolving door that exists between UK authorities employees and the non-public sector.
The Financial Times reported final week that former deputy prime minister Dominic Raab was working with a headhunter who specialised in non-public fairness and enterprise capital corporations to discover a position after he stepped down as an MP.
Stephen Lovegrove, former nationwide security adviser on the Cabinet Office, has just lately taken up a place at investment financial institution Lazard, whereas Alex Younger, the previous head of MI6, has joined Goldman Sachs as an adviser.
Fleming’s position at Gallos was authorized by a UK authorities watchdog that scrutinises new jobs former public sector employees take up.
Founded by UK armed forces veteran Dean Jones and Josh Burch, a former chief of employees to a senior nationwide security official, Gallos invests in and builds security expertise firms.
An vital a part of the corporate’s mannequin contains tapping up its community of high-powered advisers to supply authentic investment alternatives.
“We enjoy privileged access to exclusive deal flow and highly expert human capital thanks to our deep connectivity within the security establishment networks in the UK and US especially,” Gallos mentioned in a advertising and marketing brochure.
Since inception, the group has made a small variety of investments in companies together with Belfast cyber security group Angoka and US-based Second Front Systems, which offers software program to US authorities workers. Gallos can be constructing firms together with StirlingX, which offers “drones as a service”.
The appointment of Fleming, one of many UK’s most skilled intelligence professionals, is a coup for the fledgling investment group. Fleming has a three-decade profession, which started when he joined MI5 in 1993.
During his time working for the UK authorities, he performed a job in dealing with the terrorist assaults in London in 2005 and led MI5’s security efforts forward of the London 2012 Olympic Games. After 4 years as deputy director-general of MI5 between 2013 and 2017, Fleming was appointed director of GCHQ in April 2017.
At GCHQ he helped develop the UK’s National Cyber Security Centre, which brings collectively firms and the federal government to assist sort out threats. Among his different obligations had been serving to the UK present assist to Ukraine after Russia invaded in 2022.
Fleming was knighted in 2021 for his work main GCHQ.
