Lord Jacob Rothschild: Financier dies aged 87

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Financier and member of the Rothschild banking family, Lord Jacob Rothschild, has died at the age of 87, his family has announced.

The British peer started his career in the family bank, NM Rothschild & Sons, in 1963, before going on to co-found the then J Rothschild Assurance Group, now St James’s Place, with Sir Mark Weinberg in 1980.

He also founded Windmill Hill Asset Management to manage the family’s philanthropic portfolio.

During his career, he also held roles such as deputy chairman at the then BSkyB Television and was also chairman of trustees at The National Gallery.

In a statement to the PA news agency, the family said: “Our father Jacob was a towering presence in many people’s lives, a superbly accomplished financier, a champion of the arts and culture, a devoted public servant, a passionate supporter of charitable causes in Israel and Jewish culture, a keen environmentalist and much-loved friend, father and grandfather.

“He will be buried in accordance with Jewish custom in a small family ceremony and there will be a memorial at a later date to celebrate his life.”

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