Lord Jacob Rothschild, a major figure within the banking dynasty under his family name, has died aged 87, it was announced today.
The family called him a “towering presence”, and said the banking grandee and peer in the House of Lords would be buried, before a remembrance service.
Rothschild, a banker and financier, was also well known for his support for philanthropic and environmental causes, as well as Jewish charities.
He started his banking career in the family business, NM Rothschild & Sons, in 1963. He then went on to co-found J Rothschild Assurance Group, now St James’s Place, in 1980.
In a statement to the Press Association news agency, the family said: “Our father Jacob was a towering presence in many peoples’ 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 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.”
Last year, Sir Evelyn de Rothschild died aged 91.
More to follow
With contribution from PA
