Jacob Rothschild, financier and member of the famous banking family, has died

Jacob Rothschild / Photo: Blake Ezra Photography / Shutterstock Editorial / Profimedia

Lord Jacob Rothschild, the financier and scion of the Rothschild banking family, has died aged 87.

He began his career at the family bank HM Rothschild & Sons in 1963, before co-founding a number of firms, including J Rothschild Assurance Group, now St James Place, with Sir Mark Weinberg in 1980.

He has held a number of senior roles, including vice-chairman of BSkyB between 2003 and 2008 and has also been involved in the arts and philanthropy. Rothschild was a former chairman of trustees at the National Gallery, as well as the National Heritage Memorial Fund and the Heritage Lottery Fund.

For his service in 2002, he was awarded the Order of Merit. The honor is given to those who have rendered meritorious services in the fields of art, literature, learning and science.

In a statement to the PA Media news agency, his family said: "Our father Jacob was a huge presence in the lives of many people, an extraordinarily accomplished financier, a champion of the arts and culture, a dedicated public servant, a passionate supporter of charities, a passionate environmentalist and much loved friend, father and grandfather."

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