Hambro Family Break Up
In 1986, the Hambro Trust, the majority shareholder in the bank, was dissolved and the family went their separate ways. Lord Hambro (with his children Clare, Charles and Alex) stayed with the bank and Jocelyn Hambro (with his children Rupert, Richard and James) set up J O Hambro and Sons: Jocelyn Hambro and his sons were very successful in their new businesses, more than making up for the "loss" of the bank.
This resulted in substantially less Hambro family influence in the banking group and, in July 1997, in the promotion of Chips Keswick to Chairman of the Bank and Charles Perrin (of Reksten fame) to Vice Chairman and later CEO. Sadly this lack of family influence also preceded the bank's decline.
Read more about this topic: Hambros Bank
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