Post-war Career
Disillusioned with the post-war Army, Otway resigned his commission in January 1948. He joined the Colonial Development Corporation as Assistant General Manager, The Gambia, transferring a year later as a General Manager to Nyasaland. In June 1949 he was invalided back to the UK and banned from further service in the East.
Between 1949 and 1965 Otway worked in the area of sales and management, starting by selling life insurance as a learning experience and culminating as General Manager for Kemsley Newspapers (later Thomson Newspapers) and then as Managing Director of the Empire News, a Sunday paper with a circulation of 5.5 million. After the Thomson take-over Terence resigned over financing requirements of the papers.
He started an import/export business specialising in toys and gifts with a shop in Knightsbridge. The business prospered until, in 1965, a change in Value Added Tax law effectively killed it. After a brief period with Outward Bound, Otway joined Scotia Investments Ltd., a public company in the Leisure field, as Administrative Controller in 1966. In 1975, he sensed an impending scandal over misuse of funds and resigned, joining the London Chamber of Commerce with responsibility for membership. He retired in 1979, but retained various connections with business in non-executive directorships.
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