Stanley Fink, Baron Fink

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The Lord Fink

Official portrait of Lord Fink crop 2.jpg
Fink in 2018
Member of the House of Lords
Lord Temporal
Assumed office
18 January 2011
Life Peerage
Personal details
Born
Stanley Fink

15 September 1957 (1957-09-15) (age 63)
Manchester, England
NationalityBritish
Political partyConservative
Spouse(s)Barbara née Paskin
ChildrenThe Hon Jordan Fink,
The Hon Alexander Fink,
The Hon Gabriella Fink
ResidenceLondon
EducationManchester Grammar School,
Trinity Hall, Cambridge.
OccupationFinancier
Known forFinancial services

Stanley Fink, Baron Fink FCA (born 15 September 1957) is a British hedge fund manager and politician, who was formerly CEO of Man Group plc. A member of the Conservative Party, he has been a life peer in the House of Lords since 2011.

Early life[edit]

Born on 15 September 1957 at Crumpsall, Lancashire, Fink's father ran a grocery store. He was educated at Manchester Grammar School before going on study at Trinity Hall, Cambridge.[1][2]

Business career[edit]

Fink started his career at the accountancy firm, Arthur Andersen, qualifying as FCA before briefly working for Mars Inc, then joining Citibank.[1] He served as chief executive officer of Man Group, a hedge fund, from 2000 to 2007.[3][4] Described as the "godfather" of the UK hedge fund industry, he is credited with building the Man Group up to its FTSE 100 public company status, the largest listed hedge fund company in the world.[1][5]

In September 2008, Fink came out of retirement to act as the chief executive of International Standard Asset Management (ISAM) in partnership with Lord Levy.[6] Appointed chairman of ISAM in 2015, he retired from its board in December 2018.

In 2013, Fink featured on web reality TV show HF Lions' Den, when Lord Fink interviewed three emerging hedge fund managers, and allocated $25 million in investment between the three funds.[7]

Fink serves on the board of Marex Spectron and was a chairman and largest shareholder of Zenith Hygiene Group for 10 years, which was sold to Bain Capital in 2018.[8]

Fink is a seed investor in Ecometrica, a leading environmental software business which, headquartered in Edinburgh, operates globally. An early investor in New Forests Company, among the largest sustainable forestry businesses in Africa operating in Uganda, Tanzania and Rwanda, the company has become a market leader in the provision of sustainable wood and FSC-certified transmission poles throughout East Africa.[9]

In July 2018, Fink was appointed as Global Special Advisor to eToro.[10] Later that year, the Fink family office was formed,[11] which invests predominantly in PropTech, FinTech and EdTech ventures, and includes:

  • British Pearl – property investment platform: also chairman;[12]
  • Farillio – speedy, easy law;[13]
  • Bud – leaders in open banking;[14]
  • Seneca Learning – a leading education platform;[15]
  • PiTops – a leading STEM, creative learning company;
  • Blackbullion – helping teach students financial literacy;[16]
  • Project Etopia – leading modular building company, also chairman;[17]
    • part owner of hotel group, K2, with 2 leading luxury hotels in Courchevel.[18]

Political career[edit]

In January 2009, Fink was appointed Co-Treasurer of the Conservative Party.[19] Created a life peer on 18 January 2011, he took the title of Baron Fink, of Northwood in the County of Middlesex;[20] Lord and Lady Fink were regular guests of David Cameron at Chequers[21] and, after the resignation of Peter Cruddas over a cash-for-access controversy, Lord Fink returned as Treasurer of the Conservative Party, which he had previously given £2.62m:[22] he is among the top 20 biggest donors to the Conservative Party.[23] In February 2015, Fink was accused by the Labour leader Ed Miliband of undertaking "tax evasion activities".[24] In reply, he stated simply that not only he avoided tax, but that "everyone does tax avoidance at some level".[25]

Philanthropy[edit]

Lord Fink is Chairman of Governors at Ark Burlington Danes Academy, President of Evelina Children's Hospital and serves on the Board of Trustees of the Oxford Centre for Hebrew and Jewish Studies.[citation needed] In September 2009, he was appointed chairman of Absolute Return for Kids.[26] In 2010, he and Cherie Blair attended a fundraiser for learning difficulties charity Norwood, of which he is a benefactor.[27]

Personal life[edit]

In 1981, Fink married Barbara Paskin;[27] they have two sons, Jordan and Alex, and a daughter, Gabriella, and live in north London, as well as owning property in France and Spain.[1]

Arms[edit]

Coat of arms of Stanley Fink, Baron Fink
Coronet
Coronet of a British Baron.svg Coronet of a Baron
Crest
A Hedgehog Sable grasping with the dexter forefoot a Menorah of nine branches Or.
Escutcheon
Azure a Pale between two Skis palewise Argent.
Supporters
On either side a Stag Or supporting a Golf Club head upwards Sable.
Motto
FABER EST QUISQUE FORTUNÆ SUÆ (Everyone is the maker of his own fortune)

References[edit]

  1. ^ a b c d Finance and philanthropy: The acceptable face of Capitalism – Business Analysis & Features, Business. The Independent (8 September 2006). Retrieved 19 November 2010.
  2. ^ Candice Krieger, Interview: Stanley Fink, The Jewish Chronicle, 18 September 2009
  3. ^ Preservation 'a cheap option'. Financial Times. (10 September 2008). Retrieved 19 November 2010.
  4. ^ Stanley Fink: the new Tory Party treasurer, The Daily Telegraph, 16 January 2009
  5. ^ London City based Financial, Business and Stock Market News. City AM Retrieved on 19 November 2010.
  6. ^ [1] Archived 18 September 2008 at the Wayback Machine
  7. ^ http://www.risk.net/hedge-funds-review/news/2318327/hedge-fund-lions-den-emerging-managers-learn-their-fate
  8. ^ Terms agreed for Bain Capital’s acquisition of Zenith Hygiene, The Caterer, 12 October 2017
  9. ^ www.newforests.net
  10. ^ Global investment platform eToro has appointed Stanley Fink as Special Advisor to the business globally., Institutional Asset Manager, 16 July 2018
  11. ^ "The Fink Family Foundation". The Fink Family Foundation. Retrieved 24 June 2020.
  12. ^ British Pearl team, British Pearl, 10 June 2019
  13. ^ UK startup Bud raises $20 mn to advance its Open Banking capabilities, IBS International, 4 February 2017
  14. ^ Legal tech startup Farillio nabs £650,000 in Angel funding, UK Tech News, 27 September 2019
  15. ^ Tutor Trust and Seneca Learning – an exciting new partnership – 29th January 2019, Tutor Trust, 29 January 2019
  16. ^ www.parliament.uk, 29 January 2019
  17. ^ The Times
  18. ^ Lord Fink: How the godfather of hedge funds made his fortune, The Independent, 25 February 2015
  19. ^ New Tory Treasurer Stanley Fink plans to blow Labour out of water, The Daily Telegraph, 16 January 2009
  20. ^ "No. 59677". The London Gazette. 21 February 2011. p. 965.
  21. ^ "List of Chequers guests" (PDF). Conservative Home.
  22. ^ FT Research: from little acorns...
  23. ^ Elizabeth Rigby, Gavin Jackson, George Parker, 'Tories double number of big City donors in five years: Miliband attacks 'party of Mayfair hedge funds and Monaco tax avoiders',' Financial Times, 5 February 2015, pp. 1; 20
  24. ^ [2]
  25. ^ Evening Standard article on Fink's response
  26. ^ 'Educashun News', Private Eye, No. 1245 (18 Sep – 1 October 2009), p. 15
  27. ^ a b A large crowd raises £3.3m for Norwood's services, The Jewish Chronicle, 23 November 2010
Orders of precedence in the United Kingdom
Preceded by
The Lord Stoneham of Droxford
Gentlemen
Baron Fink
Followed by
The Lord Dannatt