Barry Townsley
Barry Townsley is a city stockbroker who founded Townsley & Co and is the chairman and founding partner of Hobart Capital Markets.
He is a Labour Party donor and was involved in the cash for peerages scandal in 2006.
Contents
Career
Townsley founded stockbrokers Townsley & Co before selling it to Dutch bank Insinger de Beaufort in 1999.[1]
Townsley is currently the chairman and founding partner of Hobart Capital Markets.[2]
Labour donor
Cash for peerages
In 2006, the Labour Party revealed they had received £1 million from Townsley in secret donations. The move towards transparency came from a combination of pressure from the other parties and plans to introduce a new law banning secret loans to parties.
Along with fellow 'secret donors', Sir Gulam Noon, Chai Patel and Sir David Garrard, Townsley was nominated for a peerage. The House of Lords Appointments Commission voiced concern over this issue.[3]
Donations
| Date | Name of donor | Amount | Donated to | Subsidiary (parties only) |
|---|---|---|---|---|
| 18/05/2005 | Barry Townsley CBE | £6,000.00 | Labour Party | Central Party |
Affiliations
- William J. Clinton Foundation, director
- Caprice Holdings Limited, director
- United Trust Bank Partners Limited, director
- Stockley Academy, founder member and principal sponsor
- Serpentine Gallery, vice-chairman
- Weizmann Institute UK, vice-president[2]
Personal life
- Married to Laura Wolfson, daughter of Leonard Wolfson (Baron Wolfson) the former chairman of Great Universal Stores.
Notes
- ↑ Bloomberg Business Townsley & Co, accessed 30 March 2015
- ↑ 2.0 2.1 The Marque Barry Townsley, accessed 30 March 2015
- ↑ BBC News, Labour reveals secret loans list, 20 March 2006, accessed 30 March 2015
- ↑ Electoral Commission, Donation Search, accessed 30 March 2015
