Francis is the Chairman and co-founder of FMA. He has had a distinguished career in Government, serving as Margaret Thatcher’s Minister for Europe and Hong Kong, and her Minister for Privatisation as Financial Secretary. Francis was also the Global Head of Privatisation at investment bank Morgan Stanley. As UK Minister for the Cabinet Office from 2010 to 2015, Francis led an efficiency and reform programme that delivered cumulative savings from the operating costs of government of more than £52 billion. He and his team developed the “functional model” of government to break down the separate silos that in many governments stand in the way of efficient and effective delivery of services.