Stanley Fink, Baron Fink

The Right Honourable
The Lord Fink
Born 15 September 1957 (1957-09-15) (age 59)
Manchester, England
Residence London
Education Manchester Grammar School
Trinity Hall, Cambridge.
Occupation Hedge fund manager, philanthropist
Net worth < £180 million
Spouse(s) Barbara Fink
Children Jordan, Alexander, Gabriella
"Stan Fink" redirects here, for American lawyer see Stanley Fink.

Stanley Fink, Baron Fink (born 15 September 1957) is a British former hedge fund manager, the former CEO and deputy chairman of the Man Group plc.[1]

Early life

Stanley Fink was born on 15 September 1957 in Crumpsall, Manchester, England.[2][3] His father ran a grocery store.[2] He was educated at Manchester Grammar School and Trinity Hall, Cambridge.[2][3]

Business career

He started his career at Arthur Andersen, an accountancy firm.[2] He briefly worked for Mars, Incorporated, and later worked at Citibank.[2]

He served as the Chief Executive Officer of the Man Group, a hedge fund, from 2000 to 2007.[4] He has been described as the "godfather" of the UK hedge fund industry and has been credited with building the Man Group up to its current status as a FTSE 100 company and the largest listed hedge fund company in the world.[2][5]

In September 2008, he came out of retirement to act as the chief executive of International Standard Asset Management (ISAM) in a partnership with Lord Levy.[6] He serves on the Boards of Directors of Beetle Capital Partners, Earth Capital Partners, Gencore Ltd, Global Free Holdings Ltd, and Marex Group. He is also a director of Key-2 Luxury Ltd, an event management company, and is Chairman of Zenith Hygiene Group.[7]

In 2013 Fink was featured on web reality TV show Hedge Fund Lions Den, in which Fink interviewed three Emerging Hedge Fund Managers, and allocated $25 million in investment between the three funds.[8]

In January 2015 Lord Fink was appointed Chairman of ISAM.

Political career

In January 2009 he was appointed co-treasurer of the Conservative Party.[9]

On 18 January 2011, he was made a life peer, taking the title of Baron Fink, of Northwood in the County of Middlesex.[10] Lord and Lady Fink have been guests of David Cameron at Chequers.[11]

After the resignation of Peter Cruddas over a cash-for-access controversy, Lord Fink returned to the position of treasurer of the Conservative Party. Fink previously donated £2.62m to the Conservative party.[12] He is one of the top 20 biggest donors to the Conservative Party.[13]

In February 2015 Fink was accused by Labour leader Ed Miliband as having undertaken "tax avoidance activities".[14] Fink responded by stating that he had indeed avoided tax but stated "everyone does tax avoidance at some level".[15]

Philanthropy

In September 2009 he became chairman of the hedge fund-backed Academy sponsor Absolute Return for Kids.[16]

He is Chair of Governors at Ark Burlington Danes Academy.

He serves on the Board of Trustees of the Oxford Centre for Hebrew and Jewish Studies.

He is the President of Evelina Children's Hospital. In 2010, he attended a fundraiser for Norwood.[17]

Personal life

He owns property in North London, France and Spain.[2] He is married to Barbara Fink.[17] They have two sons, Jordan and Alexander, and a daughter, Gabriella.[2]

Arms

References

  1. ↑ / UK - Preservation 'a cheap option'. Ft.com (2008-09-10). Retrieved on 2010-11-19.
  2. 1 2 3 4 5 6 7 8 Finance and philanthropy: The acceptable face of Capitalism - Business Analysis & Features, Business. The Independent (2006-09-08). Retrieved on 2010-11-19.
  3. 1 2 Candice Krieger, Interview: Stanley Fink, The Jewish Chronicle, September 18, 2009
  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 A.M.. Retrieved on 2010-11-19.
  6. ↑ Archived September 18, 2008, at the Wayback Machine.
  7. ↑ "Official biography". House of Lords.
  8. ↑ http://www.risk.net/hedge-funds-review/news/2318327/hedge-fund-lions-den-emerging-managers-learn-their-fate
  9. ↑ New Tory Treasurer Stanley Fink plans to blow Labour out of water, The Daily Telegraph, 16 January 2009
  10. ↑ The London Gazette: no. 59677. p. 965. 21 February 2011.
  11. ↑ "List of Chequers guests" (PDF). Conservative Home.
  12. ↑ FT Research: From little acorns...
  13. ↑ 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',' The Financial Times, 5 February 2015, pp. 1; 20
  14. ↑
  15. ↑ Evening Standard article on Fink's response
  16. ↑ 'Educashun News', Private Eye, No. 1245 (18 Sep-1 Oct 2009), p. 15
  17. 1 2 A large crowd raises £3.3m for Norwood's services, The Jewish Chronicle, 23 November 2010
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