Roddie Fleming Explained

Roddie Fleming
Birth Name:Roderick John Fleming
Nationality:British
Education:Eton
Oxford University
Occupation:Banker
Children:2
Relatives:Valentine Fleming (grandfather)
Ian Fleming (uncle)
Adam Fleming (brother)

Roderick John Fleming (born 1953) is a British merchant banker and private wealth manager, and the founder of Fleming Family & Partners.

Early life

Roddie Fleming is the son of Major Richard Evelyn Fleming, and grandson of Valentine Fleming. Ian Fleming, author of the James Bond novels, was his uncle. His older brother is the Adam Fleming. He was educated at Eton and Oxford University. During his time at Oxford Fleming was a member of the Bullingdon club.[1]

Career

A fourth-generation member of the family, he had been expected to become chairman of Robert Fleming & Co., an asset merchant bank and asset manager, in 2000, but the business was sold to Chase Manhattan Bank for £4.4 billion (then US$7.7 billion).[2] In July 2005, The Times wrote "The £4.4bn price tag seemed full at the time. It seems even more generous now".[3]

About 130 family members received over £1.3 billion for their 30% holding, and this money was largely invested through the privately owned family office Fleming Family & Partners (FF&P) which Fleming founded that year.[2] In 2007, he was its largest shareholder.[4]

In 2003, his net worth was estimated at £1.05 billion.[5] In 2008, the Sunday Times estimated his net worth at £1.9 billion.[6]

In 2012, "hard-hit" investments in mining and finance led Fleming to put up for sale two farms bordering his Sarsgrove estate near Chipping Norton, totalling 700 acres and valued in excess of £4 million.[7]

Personal life

In 1979, Fleming married Diana Wake, daughter of Sir Hereward Wake, 14th Baronet. They have twin daughters Hermione "Hum" and Chloe Fleming.[8]

The family home is the grade II* listed Dower House, Sarsgrove Wood, Churchill, Oxfordshire.[8] [9]

Notes and References

  1. Web site: Mutch, Jack Myers, Adam Lusher . Nick . Owen . Jonathan . Myers . Jack . Lusher . Adam . General Election 2015: Photographic history of Bullingdon Club tracked down - including new picture of David Cameron in his finery . www.independent.co.uk . 4 May 2023 . 6 May 2015.
  2. News: Lewis . Jane . Profile: The Flemings . 12 May 2022 . Money Week . 21 December 2005.
  3. News: Keeping it in the family pays off for the well connected . 2 June 2022 . The Times . 2 July 2005.
  4. News: Sunderland . Ruth . The family with the golden touch . 11 May 2022 . The Observer . 7 Jan 2007.
  5. News: Blackhurst . Chris . The City's richest . 11 May 2022 . Evening Standard . 14 July 2003.
  6. News: Roddie Fleming and family . 11 May 2022 . The Sunday Times . 27 April 2008.
  7. News: Lea . Robert . Debts force top banker Roddie Fleming to sell farms . 11 May 2022 . Evening Standard . 13 April 2012.
  8. News: Conway . Clare . Paradise lost: Hum Fleming has everything – apart from a memory . 11 May 2022 . Tatler . 6 March 2019.
  9. News: The Farmers Bloodhounds End Of Season Charity Meet In Aid Of "Help For Heroes" March 15, 2015 . 12 May 2022 . Equestrian Life Magazine UK . 23 March 2015.