William Waldegrave "is a Vice Chairman of the Investment Banking Department and Chairman of the European Financial Institutions Group at UBS Investment Bank. He served as a Conservative Member of the British Parliament for close to twenty years, including sixteen years' service as a Minister. Seven of these were as a Cabinet Minister (Minister of Agriculture, Chief Secretary of the Treasury, Secretary of State for Health, and Chancellor of the Duchy of Lancaster). Educated at Oxford University and Harvard, before entering Parliament he worked in the Cabinet Office in Whitehall; was Political Secretary to Prime Minister Edward Heath; and for GEC Ltd. He is Chairman of the Rhodes Trust, Chairman of the National Museum of Science and Industry, and has been a founding Trustee of The Mandela Rhodes Foundation since 2003." 
In an article about the plundering of the NHS in the UK, Medialens observe (April 2012):
- ... Lord Waldegrave, who was Secretary of State for Health from 1990-1992. He is an adviser to UBS Investment Bank whose healthcare division has earned the firm over $1 billion since 2005. He has a poor voting record in the House - less than 8 per cent of votes in his time there - but he did manage to vote on the Health and Social Care Bill. He is Director of Biotech Growth Trust plc which is managed by Orbimed, the world's largest healthcare-dedicated investment firm, with approximately $5 billion in assets under management."