Ian Cameron (Stockbroker)
Ian Cameron (1932-2010) was a British stockbroker, and father of Prime Minister David Cameron.[1]
Contents
Background
Cameron's father Donald Cameron, and grandfather Ewen Alan Cameron were partners in stockbroker Panmure Gordon. His Great-grandfather Ewen Cameron was a director of the Hong Kong Shanghai Bank.[2]
Education
Cameron was educated at Betterhanger School in Kent and at Eton. On leaving Eton, he decided to train as an accountant rather than go to university.[3]
Career
Cameron spent two years as a banker at Robert Fleming before joining Panmure Gordon where he became a partner in 1957.[4]
Cameron has been estimated to have made some £2 million as a result of deregulation, during the City "Big Bang", after which Panmure Gordon was taken over by North Carolina National Bank.[1]
Francis Elliot and James Hanning record an embarrassing episode for Cameron in the 1990s:
- Jeremy Gray, the son of a Wiltshire doctor, was Ian Cameron's personal assistant at stockbroking firm Panmure Gordon. In 1994 Gray was arrested for stealing £3million in US investments from the British Heart Foundation charity, one of Ian Cameron's clients. The profits had been siphoned off to Swiss bank accounts.
- Snaresbrook Crown Court heard that Gray's father, Dr Michael Gray, had written to the Home Office passing on his son's claims that he was an 'unwanted leftover of British intelligence'.
- He added that Jeremy had become embroiled in a drug-running and money-laundering ring after he had looked after a briefcase of drugs as a 'favour' for a friend with Mafia links.[5]
Hanning and Elliot add:
- Whatever the truth, the case was an embarrassment to Ian Cameron. Dr Gray says Ian Cameron was entirely blameless, but the fact that such money had been moved about on his watch did not reflect well on him. Panmure Gordon was fined by financial regulators.[5]
Cameron left Panmure Gordon it was taken over in the mid-1990s by Westdeutsche Landesbank. He then became a consultant at NCL Investments, taking much of his Panmure Gordon team with him.[1]
Affiliations
Connections
- Mary Mount - Wife[6]
External Resources
- Ed Howker and Shiv Malik, Cameron family fortune made in tax havens, guardian.co.uk, 20 April 2012.
- Ed Howker and Shiv Malik, David Cameron's family fortune: the Jersey, Panama and Geneva connection, guardian.co.uk, 20 April 2012.
- Ian Cameron's will, guardian.co.uk, 20 April 2012.
Notes
- ↑ 1.0 1.1 1.2 Ian Cameron, The Telegraph, 8 September 2010.
- ↑ Francis Elliott & James Hanning, Cameron: The Rise of the New Conservative, Harper Perennial, 2009, p.2.
- ↑ Francis Elliott & James Hanning, Cameron: The Rise of the New Conservative, Harper Perennial, 2009, pp.3-5.
- ↑ 4.0 4.1 Francis Elliott & James Hanning, Cameron: The Rise of the New Conservative, Harper Perennial, 2009, p.5. Cite error: Invalid
<ref>tag; name "Elliot&Hanning4" defined multiple times with different content - ↑ 5.0 5.1 Francis Elliott and James Hanning, The many faces of Mr. Cameron, MailOnline, 17 March 2007.
- ↑ Francis Elliott & James Hanning, Cameron: The Rise of the New Conservative, Harper Perennial, 2009, p.5.
