Banking & finance

Remnant, James, (Lord) National Life Stories: City Lives (15 of 26) National Life Stories: City Lives

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  • 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 15 (tape 8 Side A): Early investment in Japan; worked with Jardine Fleming - joint venture between Jardine Matheson and Robert Fleming. Touche Remnant formed joint venture with Bank of Tokyo in 1980s. Difficulty in communicating with the Japanese. Having to take part in play with geisha girl as part of business entertainment. Problems at time of joint venture with Bank of Tokyo connected with Japanese approach to making decisions. Jardine Matheson's entrepreneurial role and bad relationship with Chinese Government (JR's second son now runs their Vietnamese operation). Jardine Fleming. Keswick family - Henry Keswick key person when JR in Japan. [Interview 14th April 1994] Jardin's position re Hong Kong. Jardine Insurance Brokers (JIB), one of the largest insurance brokers in UK, is their UK base plus relatively small London headquarters in King William Street, where senior people are based. First chairman of Touche Remnant, Sir Anthony Touche; JR Managing Director at this stage, became Chairman in approx 1980. JR's transition from involvement with investment to dealing more with admin and people, late 1960s. Was spending more time on outside interests than on Touche Remnant itself, earning money for firm rather than self, eg Australian companies, outside investment companies etc. Ran money only for approx 5/6 years when Standard Trust joined Touche Remnant and their top executive took over responsibility for International Investment Trust at the beginning of 1970s - freed JR. Touche Remnant Pacific was successor to International Investment Trust. Details of how JR used extra time he now had, eg ANZ Bank, details. Peter Carrington.

  • Description

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

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