Sir Paul is Chairman of Oxford University Endowment Management Limited and Chair of the Oxford University Investment Committee, a Trustee of the Metropolitan Museum of Art, New York, a Trustee of The British Museum, a Fellow of the Society of Antiquaries, Bancroft Fellow of Mansfield College, Oxford University, a member of The Bard Graduate Center Executive Planning Committee and an Ambassador for AfriKids.
Sir Paul is the former Chairman of the Victoria and Albert Museum having served two terms. His second term ended September 2015.
In October 2015, Sir Paul was made an honorary senior research fellow by the Victoria and Albert Museum and is also a Trustee of the V&A Foundation.
In October 2015, the Chancellor of the Exchequer appointed Sir Paul as a Commissioner of the National Infrastructure Commission, an independent body that enables long-term decision making in UK infrastructure projects. The Commission is chaired by Lord Adonis. In November 2016, Sir Paul stepped down from the Commission.
In 2014 he became Chairman of the World War I Cathedral Repair Commission.
He is a former Trustee of the Chairman of the Gilbert Trust for The Arts, The Courtauld Trust, The Burlington Magazine Foundation and a former director of the Alternative Investment Management Association.
Sir Paul is co-founder of Lansdowne Partners from which he retired as CEO at the end of June 2013. Until he founded Lansdowne Partners in July 1998, Sir Paul was, from 1992, Managing Director and Head of the International Department of Schroder & Co. Inc. which he had joined in 1984. From 1993, he was also a director of the Schroder Securities European Division of Schroders Plc and a director of Schroder Securities Europe Limited and Schroder Securities (Switzerland) Limited. From 1993 to 1995 he was a member of the executive committee of Schroder Securities Limited. From 1980 to 1984 he worked at Goldman Sachs & Co.
Sir Paul holds an MA (Hons) and a first class BA (Hons) in Law from Mansfield College, Oxford University.
In December 2011, he was knighted for his services to Art and Philanthropy.