Lord Jacob Rothschild, financier and member of the banking family, dies at 87

City grandee co-founded a number of firms and was also involved in the arts and philanthropy

Lord Jacob Rothschild, the financier and scion of the Rothschild banking family, has died aged 87.

The City grandee started his career at the family bank NM Rothschild & Sons in 1963 before co-founding a number of firms including J Rothschild Assurance Group, now St James’s Place, with Sir Mark Weinberg in 1980.