Stanley Fink is to take over as the Conservative party’s treasurer following the resignation of businessman David Rowland.

Mr Fink, 52, currently serves as co-treasurer alongside Michael Spencer but will take on the top job following the Conservative party conference in October.

Labelled "the Godfather" of the hedge fund industry, Mr Fink runs hedge fund International Standard Asset Management and according to the 2008 Sunday Times Rich List he has a personal fortune of £116 million.

Mr Fink was a key donor to the Boris Johnson mayoral campaign and donated more than £1 million to the Tories in the run up to the 2010 general election. He is active in Liberal Judaism.

Read the JC’s interview with Stanley Fink here