He is the chairman of Dubai-based JMH Group, a private family business operating in the construction and luxury goods markets.
[1] Hay and his wife Fitriani are racehorse owners and trainers, and significant donors to the Conservative Party.
[5][7] He is chairman of JMH Group which includes Fosroc as well as luxury goods brands Ray Ward, Bernard Wetherill (Savile Row men's outfitters) and Fitriani (women's fashion design and retailer).
[11][12] Fame and Glory went on to win the 2011 Ascot Gold Cup, on a day when the Hays were invited to join the Queen's Royal procession in open-topped carriages from Windsor Castle.
[13] In 2011, Hay and his wife Fitri purchased Birch Grove, the former home of Harold Macmillan in West Sussex.