Martyn Arbib Explained

Sir Martyn Arbib
Birth Name:Martyn Arbib
Birth Date:29 June 1939
Birth Place:Hendon, London
Education:Felsted School
Occupation:Businessman

Sir Martyn Arbib (born 27 June 1939) is a British businessman who founded and led the Perpetual fund management company during the late 20th century.

Early life

Arbib was born in Hendon on 29 June 1939,[1] [2] and attended Felsted School, Essex. His family is Jewish.[3]

Career

Arbib founded Perpetual Limited in 1973[4] in a small office at Hart Street, Henley-on-Thames, Oxfordshire.[5] The company remained in the town as it expanded into newly built headquarters in 1994.[6]

He sold Perpetual to the fund manager AMVESCAP in 2001 for more than £1 billion, receiving £113m together with AMVESCAP shares worth £300m, and the company became known as Invesco Perpetual. He is a director of the Perpetual Japanese Investment Trust plc. He stepped down from Perpetual's board in 2015.[7]

In January 2008, Swindon Town Holdings Limited, where Arbib is an investor but not a director, took control of Swindon Town FC.

The Arbib Foundation, established in 1987, sponsors schools in Slough, Berkshire which include the Langley Academy.[8] Arbib was a major benefactor in the establishment of the River and Rowing Museum at Henley, which opened in 1998.[9] He was knighted in 2003 for services to charities, especially in education.

Political activity

Arbib is a Conservative Party donor. During the 2019 general election, he donated £10,000 to the central party and £5,000 each to Conservative candidates Danny Kruger and Dominic Raab.[10] [11] [12]

Personal life

In his spare time, Arbib is interested in horse racing. His horse Snurge won the St. Leger Stakes in 1990. As well as Henley, he also has a home in Barbados.

His daughter Annabel is married to businessman Paddy Nicoll.[13] Her father bought Culham Court for her in 1997 for £12 million, and in 2006, the Swiss-born British financier Urs Schwarzenbach bought it for £35 million, £10 million above the asking price.[13]

External links

Notes and References

  1. England & Wales, Civil Registration Birth Index, 1916-2007
  2. News: Accountancy Rich List 2015: 24-11 . 4 December 2018 . Economia . 27 August 2015.
  3. [William D. Rubinstein]
  4. Web site: Perpetual Limited. 21 February 2021. Companies House.
  5. Web site: 24 June 2013. Ten Years Ago. 2021-02-21. www.henleystandard.co.uk.
  6. Web site: 2011. Townley. Simon. A History of the County of Oxford: Volume 16 pp49-72 - Henley: Town Buildings. 21 February 2021. British History Online. University of London.
  7. News: Times. The Sunday. Rich List 2020: profiles 304-399=, featuring Simon Cowell and Sir Elton John. . en. 2020-08-07. 0140-0460.
  8. Web site: The Arbib Foundation. The Langley Academy. 10 July 2017.
  9. Web site: History . . . 2001 . July 19, 2011 . https://web.archive.org/web/20010523052649/http://www.rrm.co.uk/topnav/info_history.htm . May 23, 2001.
  10. Web site: View donation . The Electoral Commission . 29 May 2020.
  11. Web site: Danny Kruger MP, Devizes . TheyWorkForYou . 29 May 2020.
  12. Web site: Dominic Raab MP, Esher & Walton . TheyWorkForYou . 29 May 2020.
  13. Web site: Financier offers £10m over the asking price for record country house sale | London Evening Standard . Standard.co.uk . 2006-08-27 . 2017-07-10.