 He also served as President, Morgan Stanley-GFTA Ltd from 1983 through 1991.Rowe-Beddoe was known as a Monaco-based businessman and a Tory party fund-raiser when an opportunity arose for him to be appointed to a Welsh quango; and that opportunity led to others.Rowe-Beddoe was appointed chairman of the Welsh Development Agency (WDA) in July 1993; and the term of this appointment was nine years.