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Barry Townsley
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Barry Townsley
Barry Stephen Townsley CBE (born 14 October 1946) is a British financier and investor.
Barry Townsley was educated at the Hasmonean Grammar School in London. He did not attend university, but started his career as a messenger for a stockbroking firm, working his way up to being one of the youngest members of the London Stock Exchange.
In 1964, Townsley left school at the age of 17 and secured a job in the City of London as a messenger for the stockbroker, W. Greenwell & Co. He quickly progressed to the firm's gilts department, joining the London Stock Exchange at the age of 21. In 1969, he joined Astaire & Co, another City of London stockbroking firm where he met Ronnie Jacobson with whom in 1976 he set up Jacobson Townsley, which became a very successful British stockbroking firm in the 80s.
Townsley created his own stockbroking business, Townsley & Co., which he sold to the Dutch private bank Insinger de Beaufort. Townsley & Co was formed in 1991 when Jacobson left frontline stockbroking. The pair remain friends to this day. Townsley built up the company throughout the 90s before selling it to a Dutch bank, Insinger de Beaufort, in 1999. Townsley remained with the company for a further three years.
Townsley was a member and supporter of the Labour Party, recorded as donating "more than £5,000" before 2001 and £6,000 since 2001. He also donated £10,000 to the London Mayoral campaign of Frank Dobson.
Described as "colourful" by The Sunday Times, Townsley was involved in the so-called "cash for peerages" scandal in March 2006, in which it was revealed that he had lent £1m to the Labour Party at the solicitation of Lord Levy, and contributed £1.5m to a City Academy in Hillingdon. He was nominated for a peerage shortly after making the loan, but in February 2006 he withdrew from the nomination on the grounds of press intrusion into his private life.
Townsley has devoted a great deal of time to helping charities in areas of personal interest – education, health and art. He supported the St Mary's Hospital Save the Baby Fund from 1985 for thirteen year, five as chairman. The fund raised money for research projects into the treatment of factors that influence infertility, miscarriage and late pregnancy complications.
Between 1999 and 2002, Townsley was a board member of the Royal National Institute for the Blind. From 1996 until 2002 he was a trustee of the Child Bereavement Trust. in 2014, he resigned from the role of chairman of patrons of the Sheffield Institute Foundation for Motor Neurone Disease after performing the role for eight years. He is a patron, and formerly a trustee, of Trinity Hospice, which provides end of life care to people and support for families in central and south-west London. Between 2010 and mid 2016, he served as a director of the William J Clinton Foundation Insamlingsstiftelse, a Swedish-based organisation that has worked to build hospitals in Africa and to provide anti-AIDS drugs to hard-hit regions. He also serves as vice-president and executive council member of the Weizmann Institute, one of the world's leading multidisciplinary research institutions. In 2015, he became the President of the Weizmann Institute in the UK. He became a trustee of Alzheimers Research in the same year.
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Barry Townsley
Barry Stephen Townsley CBE (born 14 October 1946) is a British financier and investor.
Barry Townsley was educated at the Hasmonean Grammar School in London. He did not attend university, but started his career as a messenger for a stockbroking firm, working his way up to being one of the youngest members of the London Stock Exchange.
In 1964, Townsley left school at the age of 17 and secured a job in the City of London as a messenger for the stockbroker, W. Greenwell & Co. He quickly progressed to the firm's gilts department, joining the London Stock Exchange at the age of 21. In 1969, he joined Astaire & Co, another City of London stockbroking firm where he met Ronnie Jacobson with whom in 1976 he set up Jacobson Townsley, which became a very successful British stockbroking firm in the 80s.
Townsley created his own stockbroking business, Townsley & Co., which he sold to the Dutch private bank Insinger de Beaufort. Townsley & Co was formed in 1991 when Jacobson left frontline stockbroking. The pair remain friends to this day. Townsley built up the company throughout the 90s before selling it to a Dutch bank, Insinger de Beaufort, in 1999. Townsley remained with the company for a further three years.
Townsley was a member and supporter of the Labour Party, recorded as donating "more than £5,000" before 2001 and £6,000 since 2001. He also donated £10,000 to the London Mayoral campaign of Frank Dobson.
Described as "colourful" by The Sunday Times, Townsley was involved in the so-called "cash for peerages" scandal in March 2006, in which it was revealed that he had lent £1m to the Labour Party at the solicitation of Lord Levy, and contributed £1.5m to a City Academy in Hillingdon. He was nominated for a peerage shortly after making the loan, but in February 2006 he withdrew from the nomination on the grounds of press intrusion into his private life.
Townsley has devoted a great deal of time to helping charities in areas of personal interest – education, health and art. He supported the St Mary's Hospital Save the Baby Fund from 1985 for thirteen year, five as chairman. The fund raised money for research projects into the treatment of factors that influence infertility, miscarriage and late pregnancy complications.
Between 1999 and 2002, Townsley was a board member of the Royal National Institute for the Blind. From 1996 until 2002 he was a trustee of the Child Bereavement Trust. in 2014, he resigned from the role of chairman of patrons of the Sheffield Institute Foundation for Motor Neurone Disease after performing the role for eight years. He is a patron, and formerly a trustee, of Trinity Hospice, which provides end of life care to people and support for families in central and south-west London. Between 2010 and mid 2016, he served as a director of the William J Clinton Foundation Insamlingsstiftelse, a Swedish-based organisation that has worked to build hospitals in Africa and to provide anti-AIDS drugs to hard-hit regions. He also serves as vice-president and executive council member of the Weizmann Institute, one of the world's leading multidisciplinary research institutions. In 2015, he became the President of the Weizmann Institute in the UK. He became a trustee of Alzheimers Research in the same year.