Andrew Rosenfeld
Andrew Rosenfeld was the co-founder and chief executive of property investment firm Miverva and the founder of mobile phone company TPO.
He passed away in February 2015.
Contents
Career
Minerva
After university, Rosenfeld joined Schroders property funds division, but soon left to join a smaller firm claiming he felt restricted by the 'big-company mentality'. In 1986 he was invited to join Land Investors as a director by David Garrard and in 1989 the two of them established Minerva.
When Rosenfeld went to leave the company, in 2006, its market value had risen to around £500million, allowing him to sell his stake for £100million. [1]
Air Capital
After leaving Minerva, Rosenfeld left London to move to Geneva, where he based his new company Air Capital, for tax purposes. He moved back to London in April 2011.[1]
TPO
In 2012 he launched The People's Operator (TPO), 'a telecommunications company which gives a quarter of its annual profits to charities including the NSPCC, Childline and Big Issue'.[1]
Politics
In 2012 Rosenfeld became Labour's 'chair of nations and regions', meaning he was responsible for managing fund-raising and the party's engagement with the electorate.[1]
Donations
Recorded by the Electoral Commission:
| Date | Name of donor | Amount | Donated to | Subsidiary (parties only) |
|---|---|---|---|---|
| 20/08/2001 | Andrew Rosenfeld | £10,000.00 | The Rt Hon Kenneth Clarke QC MP | |
| 03/10/2011 | Andrew Rosenfeld | £121,440.00 | Labour Party | Central Party |
| 30/01/2012 | Andrew Rosenfeld | £200,000.00 | Labour Party | Central Party |
| 18/05/2012 | Andrew Rosenfeld | £2,054.30 | Labour Party | Central Party |
| 18/04/2012 | Andrew Rosenfeld | £150,000.00 | Labour Party | Central Party |
| 15/10/2012 | Andrew Rosenfeld | £90,000.00 | Labour Party | Central Party |
| 07/03/2013 | Andrew Rosenfeld | £100,000.00 | Labour Party | Central Party |
| 05/09/2013 | Andrew Rosenfeld | £100,000.00 | Labour Party | Central Party |
| 28/02/2014 | Andrew Rosenfeld | £100,000.00 | Labour Party | Central Party |
| 15/08/2014 | Andrew Rosenfeld | £100,000.00 | Labour Party | Central Party |
Controversy
In 2006 he was involved in the Labour Party's 'cash for honours' scandal, where a legal loophole was found that meant donations to parties had to be declared but loans didn't. In March 2006, a number of people nominated for peerages by Tony Blair had been found to have 'loaned' money to the party using this loophole.
The Crown Prosecution Service spent 16 months investigating this, however decided not to charge any of the individuals involved. The law was changed to close the loophole.[1]
Notes
- ↑ 1.0 1.1 1.2 1.3 1.4 Marcus Williamson Andrew Rosenfeld: Businessman who made a fortune from property then became a noted philanthropist and Labour Party donor Independent, 13 February 2015, accessed 2 March 2015
- ↑ Electoral Commission, Donation Search, accessed 2 March 2015
