Thomas Hughes-Hallett

Last updated

Sir

Thomas Hughes-Hallett

DL
Born
Thomas Michael Sydney Hughes-Hallett

28 August 1954
NationalityBritish
Education Eton College
University of Oxford
The College of Law
Occupation(s)Barrister, investment banker, philanthropy executive
Spouse(s)Jules, Lady Hughes-Hallett
Children3

Sir Thomas Michael Sydney Hughes-Hallett DL (born 28 August 1954) is a British barrister, investment banker and philanthropy executive. He serves as the Non-Executive Chair of the Marshall Institute at the London School of Economics and the Chelsea and Westminster Hospital NHS Foundation Trust. He promotes philanthropy, and argues for more ethical engagement within the City of London.

Contents

Early life

Thomas Michael Sydney Hughes-Hallett was born on 28 August 1954. [1]

He was educated at Eton College, a public school in Berkshire, England. [2] [3] He then went on to read history at the University of Oxford. [2] [4] In an interview, he said he had taught mathematics, music and hockey in Zimbabwe at the age of twenty-one. [5] He then received a law degree from The College of Law. [1]

Career

Sir Thomas first trained as a barrister, but quit soon thereafter as he felt the job was "lonely". [2] In another interview, he stated that his image of being a barrister was shattered when his first case was an eleven-week incest trial. [6] After facing a retrial that would take another eleven weeks, Sir Thomas is quoted as saying that "I just couldn't face going through that again so I left." [6] He subsequently worked as an investment banker for Schroders for five years. [2]

In the late 1980s, he founded an investment bank, Enskilda Securities, earning him the nickname "Thomas Huge-Wallet". [6] For the next eighteen years, he was the Chief Executive of Enskilda Corporate and later the Chairman of Robert Fleming Securities. [2] [3] [4] A major shareholder in Flemings, he retired from finance shortly after its merger with Chase in 2000. [7]

Philanthropy

Sir Thomas became first involved in charities during the 1990s, during which he was first a trustee and later the Chairman of the Michael Palin Centre for Stammering Children, as well as Chairman of the English Churches Housing Group. [2]

In 1999, Sir Thomas suffered an apparent heart attack, which he hinted [2] was the result of a stressful life style in his capacity as an investment executive. This health scare caused him to re-evaluate his priorities in life. [8]

In 2000, he left investment banking to do charity work instead. From 2000 to 2012, he served as the Chairman of the Marie Curie Cancer Care Trust. [2] [9] To raise his salary of £90,000, in 2002 he cycled across Vietnam for the Marie Curie Cancer Care to be able to keep him. [3] According to a report, he seeks to cover his salary cost through similar fund-raising challenges every year. [10]

Sir Thomas serves or has served in leading positions of various charitable organisations. He served as the Executive Chair of the Institute of Global Health Innovation at Imperial College London. [5] Additionally, he served as the Chairman of the End of Life Care Implementation Advisory Board and as Chair of the Palliative Care Funding Review. [4] Furthermore, he is a member of the board of trustees of the Esmée Fairbairn Foundation. [4] [11] He is the Chairman of the Chelsea and Westminster Hospital NHS Foundation Trust. [7] He also serves on the board of trustees of the King's Fund. [12]

In 2013, he became Chairman of Cause4, an organisation that assists charities in their fundraising. [13]

Views on banking and charity

Hughes-Hallett has called for more bankers and investors from the City of London to be involved in philanthropy and to donate not only time and talent, but also money. [7] In a 2002 interview, Hughes-Hallett expressed his surprise when he realised that the people who can afford to donate money usually do not. [3]

Speaking at the Close Brothers Trustee Leadership Programme, a seminar organised by Close Brothers Asset Management, an investment firm based in the City of London, in 2014, he argued that serving on the Board of Trustees of a philanthropic organisation was valuable work experience for serving on a corporate board. [7]

In the past, he has expressed the sentiment that his own generation of bankers was far too concerned about making money, but that he believes the younger generation has realised the importance of philanthropy. [2] He also expressed hopes that the younger generation of bankers in the City is more generous that his own. [7]

Sir Thomas has expressed doubts regarding the utility of "social investments", considered sometimes as a sustainable alternative to philanthropy. [14] Specifically, he criticised how social investments are portrayed as a charitable activity, but can often lead to unethical practices, especially in the health sector. [14]

Call for NHS reform

In 2013, he called for a reform of the National Health Service, arguing that people's expectation of the NHS to provide all health services for free is setting it up for a breakdown. [15] He called for making greater use of British society in health care. [16]

Marshall Institute

In 2015, Hughes-Hallet together with investment banker Sir Paul Marshall established the Marshall Institute for Philanthropy and Social Entrepreneurship at the London School of Economics, supported by a £30 million investment by Paul Marshall. [17] The institute's student body is expected to consist of people who have "reached the age of 50, a partner in an international firm, who've decided they've made their money and want to put something back." [18]

Accolades

He was knighted by Queen Elizabeth II for services to palliative care in her 2012 Birthday Honours. [19] As a result, he is styled Sir Thomas Hughes-Hallett. [1]

In 2013, he was the recipient of the Beacon Fellowship from the UK Community Foundations. [12]

Anglia Ruskin University awarded Hughes-Hallett an Honorary Doctor of Arts degree in 2015. [8]

Personal life

He is married to Jules, Lady Hughes-Hallett, whom he met immediately after leaving Oxford and who is a former fashion editor of Vogue. [2] [3]

She is the Chair of Smart Works, a non-profit organisation which gives free clothes and job interview advice to women who are unemployed. [20] The couple have three children, two of whom are sons. They lost an infant daughter, Emily. [3]

Related Research Articles

<span class="mw-page-title-main">David Prior, Baron Prior of Brampton</span>

David Gifford Leathes Prior, Baron Prior of Brampton is the former chairman of NHS England and chairman of University College Hospital. He served as Conservative Member of Parliament (MP) for North Norfolk from 1997 until the 2001 general election, when he lost his seat to Norman Lamb of the Liberal Democrats by 483 votes. In 2015, he was appointed as a life peer in the House of Lords.

Sir Guy Howard Weston is a British businessman and philanthropist.

The Esmée Fairbairn Foundation is a registered charity founded in England in 1961. It is one of the larger independent grant-making foundations based in the UK, funding organisations which aim to improve the quality of life for people and communities in that country.

<span class="mw-page-title-main">Paul Marshall (investor)</span> British investor (born 1959)

Sir Paul Roderick Clucas Marshall is a British investor.

Chelsea and Westminster Hospital NHS Foundation Trust operates Chelsea and Westminster Hospital and West Middlesex University Hospital. The Foundation Trust was created on 1 October 2006. The Trust's chief executive is Lesley Watts and its chairman is Sir Thomas Hughes-Hallett.

Sir Stephen John Limrick Bubb JP FRSA is Director of Charity Futures, and the Acting Director of the Oxford Institute of Charity. He was Chief Executive of the UK charity leaders representative body Association of Chief Executives of Voluntary Organisations (ACEVO) from 2000 to 2016. He received a knighthood in 2011 for his services to the voluntary sector. From March 2011 to June 2011, Bubb was seconded to the Department of Health, as part of the team leading Andrew Lansley's National Health Service (NHS) "listening exercise".

James Wyndham John Hughes-Hallett, CMG, SBS was a British businessman and investor. He was Chairman of the Swire Group between 2005 and 2015. His sister is the author Lucy Hughes-Hallett. Hughes-Hallett died on 12 October 2019, at the age of 70.

<span class="mw-page-title-main">Roger Gifford</span> British banker (1955–2021)

Sir Michael Roger Gifford KStJ KNO was a British banker in London who served as the 685th Lord Mayor of London from 2012 to 2013.

<span class="mw-page-title-main">Kate Lampard, Baroness Lampard</span> British barrister (born 1960)

Kathryn Felice Lampard, Baroness Lampard, is an English former barrister.

Sir David John Verey CBE is an English banker and philanthropist.

The New Year Honours 2015 were appointments by some of the 16 Commonwealth realms to various orders and honours to recognise and reward good works by citizens of those countries. The New Year Honours are awarded as part of the New Year celebrations at the start of January.

Hughes-Hallett may refer to several people with the surname:

Sir Harvey Andrew McGrath is a British business and philanthropy executive. He served as the Chairman of the Man Group from 2000 to 2007 and Prudential plc from 2009 to 2012. He is the co-founder of Revere Capital Advisors, a hedge fund based in New York City and London. He serves as the Chairman of Big Society Capital and Heart of the City, promoting philanthropy in Greater London and the City of London.

The 2017 Queen's Birthday Honours were appointments by some of the 16 Commonwealth realms of Queen Elizabeth II to various orders and honours to reward and highlight good works by citizens of those countries. The Birthday Honours were awarded as part of the Queen's Official Birthday celebrations during the month of June. The Queen's Birthday Honours for the United Kingdom were announced on 16 June; the honours for New Zealand were announced on 5 June and for Australia on 12 June.

The 2018 Queen's Birthday Honours are appointments by some of the 16 Commonwealth realms of Queen Elizabeth II to various orders and honours to reward and highlight good works by citizens of those countries. The Birthday Honours are awarded as part of the Queen's Official Birthday celebrations during the month of June. The Queen's Birthday Honours for the United Kingdom were announced on 9 June; the honours for New Zealand were announced on 4 June and for Australia on 11 June.

The 2019 New Year Honours are appointments by some of the 16 Commonwealth realms to various orders and honours to recognise and reward good works by citizens of those countries. The New Year Honours are awarded as part of the New Year celebrations at the start of January and were officially announced in The London Gazette at 22:30 on 28 December 2018. Australia, an independent Realm, has a separate honours system and its first honours of the year, the 2019 Australia Day Honours, coincide with Australia Day on 26 January.

The 2019 Queen's Birthday Honours are appointments by some of the 16 Commonwealth realms of Queen Elizabeth II to various orders and honours to reward and highlight good works by citizens of those countries. The Birthday Honours are awarded as part of the Queen's Official Birthday celebrations during the month of June. The Queen's Birthday Honours for the United Kingdom and the Commonwealth realms were announced on 8 June, except the honours for New Zealand that were announced on 3 June and for Australia on 10 June.

The 2020 New Year Honours are appointments by some of the 16 Commonwealth realms to various orders and honours to recognise and reward good works by citizens of those countries. The New Year Honours are awarded as part of the New Year celebrations at the start of January and were officially announced in The London Gazette on 27 December 2019. Australia, an independent Realm, has a separate honours system and its first honours of the year, the 2020 Australia Day Honours, coincide with Australia Day on 26 January.

The Queen's Birthday Honours for 2020 are appointments by some of the 16 Commonwealth realms of Queen Elizabeth II to various orders and honours to reward and highlight good works by citizens of those countries. The Birthday Honours are awarded as part of the Queen's Official Birthday celebrations during the month of June. The honours for New Zealand were announced on 1 June, and for Australia on 8 June.

The 2022 Queen's Birthday Honours are appointments by some of the 15 Commonwealth realms of Queen Elizabeth II to various orders and honours to reward and highlight good works by citizens of those countries. The Birthday Honours are awarded as part of the Queen's Official Birthday celebrations during the month of June. They were announced on 1 June 2022, in anticipation of the Queen's Platinum Jubilee. They were the last honours granted by the Queen before her death on 8 September 2022.

References

  1. 1 2 3 Debrett's Archived 4 July 2015 at the Wayback Machine
  2. 1 2 3 4 5 6 7 8 9 10 Maxine Boersma, Sir Thomas Hughes-Hallett: from the bar to banking – and on to philanthropy, Financial Times, 13 November 2013
  3. 1 2 3 4 5 6 Rosie Murray-West, Taking on a giving concern, The Daily Telegraph, 7 December 2002
  4. 1 2 3 4 Imperial College London: Improving Health Outcomes: The Role of Institutes for Global Health
  5. 1 2 Mini Profile – Sir Tom Hughes-Hallett, Imperial College London, 3 October 2012
  6. 1 2 3 "Worthy cause that lured Huge-Wallet out of Square Mile". London Evening Standard. 24 June 2009. Retrieved 18 May 2017.
  7. 1 2 3 4 5 Angela Jameson, First stop trustee, next stop Ned: Helping to oversee a charity gives young professionals skills needed for the boardroom, The Sunday Times, 9 November 2014.
  8. 1 2 "Sir Thomas Hughes-Hallett – Anglia Ruskin University" . Retrieved 18 May 2017.
  9. ↑ Happy Birthday: Sir Thomas Hughes- Hallett, 58, The Times, 28 August 2012
  10. ↑ "Ex-banker who's given Suffolk 100k". East Anglian Daily Times. Retrieved 18 May 2017.
  11. ↑ Esmée Fairbairn Foundation: Board of Trustees
  12. 1 2 King's Fund: Sir Thomas Hughes-Hallett
  13. ↑ "Cause4 appoints Sir Thomas Hughes-Hallett as chair". civilsociety.co.uk. Retrieved 18 May 2017.
  14. 1 2 "Social investment is a 'passing phase', says trustee of Esmee Fairbairn Foundation" . Retrieved 18 May 2017.
  15. ↑ NHS charges: Hughes-Hallett on paying for health services, BBC, 30 October 2013
  16. ↑ "End-of-life healthcare – a model for the 'big society'". The Guardian. 9 May 2011. ISSN   0261-3077 . Retrieved 18 May 2017.
  17. ↑ "Social entrepreneurship institute to open in London". Financial Times. 24 April 2015.
  18. ↑ Smedley, Tim (27 November 2015). "Can philanthropy be taught in a classroom?". The Guardian. ISSN   0261-3077 . Retrieved 18 May 2017.
  19. ↑ "Birthday Honours 2012: CSV - GOV.UK".
  20. ↑ Emma Barnett, Dress for Success: the charity quietly getting British women back into work, The Daily Telegraph, 18 October 2012.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.