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

City grandee and hereditary peer co-founded a number of companies and was also involved in the arts

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

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