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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 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 one of the oldest monetary institutions in the UK, and can trace its roots back to a London goldsmith company 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 whole company on Blanchard's death. Renamed Child and Co, the organization thrived, and was appointed the "jeweller in ordinary" to King William III. Soon after Child died in 1713, his three sons ran the enterprise, and for the duration of this time, the company transformed from a goldsmith's to a totally fledged bank. Its initial 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 any sons to inherit the enterprise, he did not want to leave it to his only daughter, Sarah Anne Child, because he was furious over her elopement with John Fane, 10th Earl of Westmorland earlier in the year. To stop 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 Price of Harringay Home were appointed as the two leading partners. Ownership continued in the Jersey household 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 enterprise, as which it continues to this day at No. 1, Fleet Street. Fascinating Facts: Over their 350-year history Child & Co has attracted an exclusive client base which includes 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 several Barristers continue to use the bank all through their skilled lives. A number of universities including 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 Monetary 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 remain component of RBS. Lady Sarah Sophia can surely be regarded as 1 of the first female bankers " a accurate pioneer of her era. One hundred and fifty years later her story has a remarkable similarity with an additional member of the Child loved ones generating her mark on the finance sector. Helen Child, Chief Executive of G-T-P, is also a leading female in her business being voted one of the Leading Ten Females 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 nevertheless lived in the Lake District (formerly Westmorland) because she was a child……. 6:27 PM - 6/14/2011 - 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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