He was chairman of Morrison plc, a family led construction and property business, until that company was sold in autumn 2000. Fraser became the managing director of the Highland based Morrison construction in the mid 1970’s at around the same time as 80 percent of the equity in the business passed out of family control. Having steered the group to a position of prominence across the construction sector in Scotland, he led a management buy-back of Morrison Construction from an international conglomerate in 1989 at the same time as acquiring significant English civil engineering companies. In 1995 Morrison Construction Group went public with a listing on the London Stock Exchange.

He served two terms as chairman of Highlands and Islands Enterprise from 1992 to 1998 and was the first chairman of the Board of Governors of the University of the Highlands and Islands Project (now the UHI Millennium Institute). He was knighted for services to the Highlands and Islands in 1998 having been awarded the CBE for services to the construction industry in 1993.

He is now an investor in other businesses through his family private equity management company Teasses Capital Ltd, based in Edinburgh, Scotland. The investment portfolio is focused in the construction, property and oil sectors with the family taking a controlling interest and proactive role. The principal investee companies are RMJM – an International Architectural Business; RAMCO Oil Services Ltd – a pipe coating business serving the Oil Industry and Edgmore Ltd – a Property Investment business.

Fraser lives in Fife with his wife, Trish, who is a graduate in law from Edinburgh University. They have a grown up family of a son, Peter who is Chief Executive of the International Architectural business in which the family are substantial investors, and two daughters who are both London based and combine running their own retail business with bringing up a family. Fraser’s interests range from art to sporting: he is a keen shot and enjoys golfing and tennis.