Banking & finance

Remnant, James, (Lord) National Life Stories: City Lives (22 of 26) National Life Stories: City Lives

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  • Type

    sound

  • Duration

    00:29:10

  • 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 22 (tape 11 Side B): Role of PR firm in Ultramar difficulties; damage limitation exercise. Relationship between press and PR firms. Touche Remnant first used PR firm in 1970, by which time PR firms were established. City firms now use lawyers far more often. Growth of City legal firms. Lawyers become colleagues and friends, eg via City livery companies. Image of accountants and lawyers has changed. Lawyer used for Ultramar case. Freshfields was Ultramar's lawyer. Hugh Peppiatt, senior partner at Freshfields, has been JR's best man. Friendship with Peppiatt close but doesn't see him more than twice a year; JR is godfather to one of Peppiatt's god-daughters. JR a non-executive director of Union Discount until approx two years ago, joined approx 1970. Mistake in going into leasing, lost money; Graeme Gilchrist, Chief Executive, resigned. JR and George Nissen left board together. Details George Nissen; Graeme Gilchrist. Union Discount has picked up under new management of George Blunden (son of ex Governor of Bank of England). Contrast with Gerrard & National. Fraud in subsidiaries of Union Discount. George Nissen's role at IMRO. 

  • Description

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

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