Banking & finance

Remnant, James, (Lord) National Life Stories: City Lives (20 of 26) National Life Stories: City Lives

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  • Type

    sound

  • Duration

    00:28:40

  • 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 20 (tape 10 Side B): Story behind JR's cuff-links, gold with his initials on them. Formal decision that it was no use continuing alone as Touche Remnant, so engaged Phoenix Securities to review position. John Craven and Philip Sears. Sears produced short-list of people who might buy Touche Remnant. Homed in on Société Générale. Disruptive attempt by Thornton to buy Touche Remnant, offered 80 million. Shareholders were negotiating sale rather than management of Touche Remnant as their interests weren't necessarily the same. Details of negotiations with Société Générale. Reason why Société Générale eventually put Touche Remnant back on market after approx four years. JR remained involved during Société Générale's ownership but not in an executive capacity, details. Paul Manduca succeeded JR as chairman. Manduca has just left Hendersons - JT regards it as great mistake of Hendersons to let him go. Changes on Manduca taking over. JR sat on board of Société Générale subsidiary, realised wasn't expected to speak out; details of French style of board meetings - charades. Mermaid House, premises of Touche Remnant. Reasons why JR pleased to hand over to Paul Manduca. Devious qualities of David Leroy Lewis. JR not worried about change of ownership of Touche Remnant. No emotional feelings about Touche Ross either. JR had no practical involvement when Hendersons bought Touche Remnant, was in touch with what was going on. Loss of jobs as a result of sale to Hendersons.

  • Description

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

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