Maurice Samuel Ostro Explained

Maurice Samuel Ostro
Birth Date:1965 2, df=yes
Nationality:British
Education:Oxford University, Wadham College
Occupation:Entrepreneur & Philanthropist
Known For:Business, charity and interfaith relations
Spouse:Katy Ostro
Children:Eliana Ostro, Tamara Ostrowiecki and Michael Ostro

Maurice Samuel Ostro (born 16 February 1965) is a British entrepreneur and philanthropist. His business interests have included gemstones, media distribution, property, frozen yogurt, airline catering and logistics.[1] His philanthropic activities include supporting entrepreneurship, interfaith relations and economic development.

Ostro was awarded the OBE (Order of the British Empire) in 2014, for services to business, charity and interfaith relations.[2] [3] He has also been appointed a KFO (Knight of the Royal Order of Francis I).[4]

Education

Ostro is an alumnus of the Gemological Institute of America, Harvard Business School and New York University. In 1987 he gained a Masters in Jurisprudence at Oxford University’s Wadham College and was then admitted to the New York Bar in 1988.[5]

Business career

Ostro started his career in the gemstone industry after becoming a graduate gemologist in the early 1980s.

In 1992, he founded a frozen yogurt company called Glasay International PLC. The company became the largest supplier of frozen yogurt to the airline sector.[6] [7] Glasay was sold in 2001.[8]

He founded Air Fayre, an airline catering company in 1999.[9] [10] Air Fayre was sold to Watermark PLC in 2004.[11] [12] [13]

In 2002, Ostro founded Media on the Move, to supply media content to airlines, shipping companies and train lines.[14] [15] [16] It was sold to Watermark PLC in 2003. In 2006, with Ostro already serving as managing director of two of the company’s divisions, Watermark appointed him as its CEO.[17] [18]

Upon his Father’s death in 2010, Ostro assumed responsibility for the UK operations of the family gemstone business, Ostro Minerals.[19] [20]

Philanthropy

Ten percent of Ostro’s companies’ profits go to charities. He's also the founder of the charity, the Ostro Fayre Share Foundation.[21]

In 2008, Ostro became a Vice Chair of the Council of Christians and Jews. He was the initiator and Organising Committee Chair for the then London Mayor Boris Johnson's first Interfaith Conference in 2010.[22] Ostro then instigated and funded the creation of the Faiths Forum for London.[20] He also created Entrepreneurial Giving, a movement that encourages businesses towards charity work.[23]

In 2014, Ostro funded and supported the co-location of multiple charities working in the same sector through the creation of a charitable working space called Collaboration House.[24] [25] Working with some of these charities and the Ministry of Housing, Communities and Local Government (MHCLG), his foundation provides training to over 800 religious institutions, through a nationwide initiative called Strengthening Faith Institutions (SFI).[26]

In the wake of COVID-19, Ostro formed the Business Action Council (BAC), a coalition of multiple business organisations in the UK, developing recommendations for the Government on assisting small businesses and entrepreneurs.[27] [28] [29]

Governmental experience

Personal life

Maurice is married to Katy.

References

  1. Web site: Maurice and Katy Ostro: Serial Entrepreneurs; Philanthropists; Co-Founders, Entrepreneurial Giving. 2020-11-17. JA Worldwide. 31 August 2018 . en-US.
  2. https://www.gov.uk/government/news/the-queens-birthday-honours-2014
  3. Web site: Guardian Staff. 2014-06-13. Queen's birthday honours list 2014: OBE. 2021-03-23. The Guardian. en.
  4. Sacred Military Constantinian Order of Saint George http://www.constantinian.org.uk/new-constantinian-order-order-francis-knights-dames-invested/, Sacred Military Constantinian Order of Saint George, Retrieved on 16 June 2014.
  5. [Wadham College]
  6. Box for products to be kept cold and use of such a box. EP. 0940352B1. 2003-06-18. Polygon Enterprises International Ltd.. inventor. Ostro. Maurice Samuel.
  7. Web site: Council. Design. TONY BLAIR UNVEILS FINAL MILLENNIUM PRODUCTS /PR Newswire UK/. 2016-09-02. www.prnewswire.co.uk.
  8. Rebecca Hoar http://www.managementtoday.co.uk/news/408009/coming-fast-young-meteors---maurice-ostro--amp-katy-sonabendglasay-international/?DCMP=ILC-SEARCH Management Today 2001, Retrieved on 16 June 2014
  9. http://www.airfayre.com/
  10. Web site: 2014-12-05. Journey Group taking off with airline catering. 2021-03-23. Proactiveinvestors UK. en.
  11. http://www.journeygroup.plc.uk/about-us.aspx
  12. http://otp.investis.com/clients/uk/journeygroup/rns/regulatory-story.aspx?cid=422&newsid=119892
  13. Web site: Watermark Group PLC Acquisition InvestEgate. 2021-03-23. www.investegate.co.uk.
  14. Media on The Move Limited http://www.mediaotm.com/ Media on The Move Retrieved on 16 June 2014
  15. Web site: Menzies Distribution and British Airways power-up for new in-flight and executive lounge newspaper and magazine distribution contract. 2020-11-17. Menzies Distribution. 8 September 2019 . en.
  16. Web site: Our History - Journey Group Plc. 2020-11-17. www.journeygroupltd.com.
  17. http://watermark.co.uk/
  18. http://www.investegate.co.uk/article.aspx?id=200605261030136499D
  19. Web site: Topaz specialist honoured with an OBE. 2021-03-30. JEWELLERYNET. en.
  20. Web site: Admin. Maurice Ostro OBE KFO. 2021-03-23. Faiths Forum. en-GB.
  21. Web site: Jewish family foundation gets £1m from government to promote vaccine take-up. 2021-03-30. www.thejc.com.
  22. Web site: Pickard. Jim. November 10, 2020. Friend of Boris Johnson forms group to link business with Downing Street. Financial Times.
  23. Web site: Meet Maurice Ostro, the father of entrepreneurial giving. 2021-03-23. www.spearswms.com. 22 January 2018 . en-GB.
  24. Web site: 2019-01-22. A Passion for Purpose-Led Business. 2021-03-23. YPO.
  25. Web site: Collaboration House - Ostro® Topaz. 2021-03-23. Ostro Topaz. en-US.
  26. Web site: 2020-03-09. Mr. Maurice Ostro OBE KFO. 2021-03-23. London Family Office Conference. en-GB.
  27. Web site: 2020-05-06. Business organisations form new coalition in 'unprecedented' move TheBusinessDesk.com. 2021-03-23. West Midlands. en.
  28. News: Hurley. James. Business joins together to speak as one. . en. 2021-03-23. 0140-0460.
  29. Web site: Clawson. Trevor. Action Points—Bringing U.K. Business Together In Pursuit Of An Entrepreneur-Driven Recovery. 2021-03-23. Forbes. en.
  30. https://www.gov.uk/government/news/prime-minister-launches-holocaust-commission
  31. Web site: Holocaust Commission Report Britains Promise to Remember.
  32. http://webarchive.nationalarchives.gov.uk/20101119185312/http:/www.cabinetoffice.gov.uk/media/cabinetoffice/strategy/assets/disability.pdf
  33. http://www.employabilityinscotland.com/media/82736/enterprising-people-enterprising-places.pdf

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