Brooks Newmark is the new minister for civil society.
He is the Conservative Member of Parliament for Braintree. He has represented the constituency since 2005.
ACEVO chief executive Sir Stephen Bubb welcomed the appointment.
He said: “I am pleased to welcome Brooks Newmark to the position of Parliamentary Secretary for the Cabinet Office – and minister for civil society.
"He has a tough act to follow in Nick Hurd but he brings a sustained record of excellence in academia, business and government and this will stand him in good stead.
“He takes up the position at a time when charities and social enterprises are under sustained pressure to deliver more with fewer resources.
“Through his excellent work with charities in Braintree and as someone who has set up his own charity, he will be aware of many of the challenges posed by burdensome regulations and diminished sources of funding for the whole sector.
“ACEVO is ready to work with him to deliver the changes we need and to help ensure that the power of social leaders is unleashed right across our country.”
Brooks Newmark
He was born in Westport, Connecticut, in the United States.
He was the co-founder in 2009 of A Partner in Education,a charity to help Rwandan teachers provide the nation’s children with a better education.
Newmark has a strong finance background.
He was vice president in the international division of Shearson Lehman Brothers from 1984 to 1987, a managing director of Newmark Brothers, a corporate finance advisory company, from 1988 to 1993, and then a director of Stellican, a private equity firm, from 1993 to 1998.
From 1998 to 2005, Newmark was a senior partner at Apollo Management, an international private equity firm.
He is a critic of quantitative easing: in October 2011, he tweeted "QE is the crack cocaine of monetarism. If all else fails print money."
He is married to Lucy Keegan, daughter of the military historian Sir John Keegan. He has four sons and one daughter.
He supports Newcastle United.
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