Banking & finance

Remnant, James, (Lord) National Life Stories: City Lives (10 of 26) National Life Stories: City Lives

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  • Type

    sound

  • Duration

    00:30:59

  • Shelf mark

    C409/118

  • Subjects

    Banking

  • Recording date

    1993-16-12, 1994-08-02, 1994-02-03, 1994-22-03, 1994-14-04, 1994-24-05, 1994-01-06

  • Is part of (Collection)

    City Lives

  • Recording locations

    National Provident Institution offices, London

  • Interviewees

    Remnant, James, (Lord), 1930-, (speaker, male)

  • Interviewers

    Courtney, Cathy, 1954- (speaker, female)

  • Abstract

    Part 10 (tape 5 Side B): Life at Touche Ross before becoming partner cont. Approx 1964, was on another investment trust board (audited by Touche Ross), Touche Ross agreed to resign from the audit in order to allow JR to be on board. Was asked to join Hill Samuel investment team - was offered salary of £10,000 so JR was tempted but opted to stay with Touche Ross who now moved JR towards investment management, details. Anthony Touche was Deputy Chairman of NatWest, had to resign from Touche Ross partnership but was later Chairman of Touche Remnant. 1964 time in City with investment trusts in separate offices being run by small teams. Many office leases were coming to an end. In 1960s professional challenge of investment management getting tougher, details. Members of Touche Ross involved with investment management offered complete service to investment trusts so that they came in under the umbrella of Touche Ross and were based in same building. JR manager and director of international section of Touche Group of Investment Companies from 1964. JR split time between investment management and certain other assignments. Was given salary to match the Hill Samuel offer. Emotions on becoming a partner. Helping uncle who was an MP with election campaign. Father was chairman of Brazilian gold mine, JR went out with him aged approx 21. Working with three people who made their fortunes - Nigel Broakes (Trafalgar House), Michael Heseltine, Bob Gavron (St. Ives Publishing), details. Details MP uncle, Peter Remnant. Opinion of John Major. During 1960s JR became Treasurer of Florence Nightingale Memorial Committee, details. In those days possible to take on charitable commitment as well as professional commitments. JR's son, now working in City, head of UK corporate finance at BZW, unable to do so. JR wore bowler hat and took rolled umbrella in 1960s. Made children dress smartly.

  • Description

    Interview with James Wogan Remnant, 3rd Baron Remnant, Director of the Bank of Scotland (1989–1996).

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