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Child & Co. is a private banking home in the United Kingdom, part of the Royal Bank of Scotland Group. It is based at 1Fleet Street in the City of London.Child & Co. is a private banking home in the United Kingdom, component of the Royal Bank of Scotland Group. It is based at 1Fleet Street in the City of London. Child & Co. is 1 of the oldest financial institutions in the UK, and can trace its roots back to a London goldsmith enterprise in the late 17th century. The name Child comes from Francis Child, who entered into partnership with Robert Blanchard in 1664. Child married Blanchard's stepdaughter and inherited the complete company on Blanchard's death. Renamed Child and Co, the enterprise thrived, and was appointed the "jeweller in ordinary" to King William III. Right after Child died in 1713, his three sons ran the organization, and during this time, the business transformed from a goldsmith's to a fully fledged bank. Its first bank note was issued in 1729. Helen Child-Helen Child-Helen Child-Helen Child By 1782, Child's grandson Robert Child was the senior partner in the firm. Even so, when he died in 1782 without having any sons to inherit the organization, he did not want to leave it to his only daughter, Sarah Anne Child, since he was furious over her elopement with John Fane, 10th Earl of Westmorland earlier in the year. To avoid the Earls of Westmorland from ever acquiring his wealth, he left it in trust to his daughter's second surviving son or eldest daughter. This turned out to be Lady Sarah Sophia Fane, who was born in 1785. She married George Child-Villiers, 5th Earl of Jersey in 1804, and upon her majority in 1806 she became senior partner. She exercised her rights personally until her death in 1867. At that point the Earl of Jersey & Frederick William Cost of Harringay House were appointed as the two leading partners. Ownership continued in the Jersey family until the 1920s. In 1923, George, 8th Earl of Jersey sold the bank to Glyn, Mills & Co., a London-based commercial bank. Williams Deacon's Bank acquired Glyn's in 1939 (both subsequently taken over by the Royal Bank of Scotland and recognized asWilliams & Glyn's Bank from 1970 to 1985), retaining Child & Co. as a separate organization, as which it continues to this day at No. 1, Fleet Street. Intriguing Facts: Over their 350-year history Child & Co has attracted an exclusive client base such as The Honourable Societies of Middle Temple and Lincoln's Inn, and numerous landowning families. Scholars of the Inns receive their awards by cheques drawn on Child & Co, and numerous Barristers continue to use the bank throughout their professional lives. A number of universities such as The London School of Economics, Oxford University, and Imperial College London are reported to hold accounts. Child & Co. is authorised with the Monetary Services Authority for the purposes of the Financial Services Compensation Scheme as a brand of the Royal Bank of Scotland. When the 311 Royal Bank of Scotland branches in England and Wales are sold to Grupo Santander in 2012, Drummonds Bank and Child & Co. will stay component of RBS. Lady Sarah Sophia can surely be regarded as one of the very first female bankers " a accurate pioneer of her era. One hundred and fifty years later her story has a remarkable similarity with one more member of the Child family producing her mark on the finance sector. Helen Child, Chief Executive of G-T-P, is also a leading female in her market becoming voted 1 of the Top Ten Women by the Readers of Paybefore. The pioneering spirit lives on as G-T-P was the initial Financial Institution in the UK to be awarded each a Visa & MasterCard Prepaid Issuing License. Interestingly though Helen Child didn’t elope with the Earl of Westmorland, she has nonetheless lived in the Lake District (formerly Westmorland) given that she was a child……. 9:45 AM - 9/22/2019 - post comment
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Home User Profile Archives Friends My Wall Links Recent Entries - Child & Co. is a private banking home in the United Kingdom, part of the Royal Bank of Scotland Group. It is based at 1Fleet Street in the City of London. - Child & Co. is a private banking house in the United Kingdom, component of the Royal Bank of Scotland Group. It is based at 1Fleet Street in the City of London. - Child & Co. is a private banking house in the United Kingdom, component of the Royal Bank of Scotland Group. It is based at 1Fleet Street in the City of London. - Child & Co. is a private banking house in the United Kingdom, part of the Royal Bank of Scotland Group. It is based at 1Fleet Street in the City of London. - Child & Co. is a private banking house in the United Kingdom, part of the Royal Bank of Scotland Group. It is based at 1Fleet Street in the City of London. Entry Categories |
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