[8][9] Davies was Chairman of Standard Chartered PLC between November 2006 and January 2009, having been Chief executive between 2001 and 2006 and a director since 1997.

[10] Since 2010, Davies has held executive roles on the board of Corsair Capital LLC, a private equity investor, where he was the chairman and a partner.

[19] The bridge was intended to be built largely from privately donated funds, but on 26 July 2016 the BBC reported that Davies had approached the Secretary of State for Transport seeking an extension of a £15m government underwriting commitment until September 2017.

Davies insisted that the Garden Bridge Trust expected to start construction "in 2017",[21] but the project was scrapped in August of that year,[22] having spent taxpayers' funds of £50m.

[23] In May 2015 Davies was appointed deputy chairman of the LetterOne Group, an investment business in the energy, technology and telecom sectors.

[1] In March 2022, LetterOne froze the shareholdings of two EU sanctioned directors and removed them from its board, leaving Davies in control of the firm.

[25][26] Denouncing the Russian invasion of Ukraine, Davies stated that LetterOne would donate US$150 million and all dividends for the "foreseeable future" to Ukrainian relief efforts.