John Baring, 2nd Baron Revelstoke

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"Barings"
Lord Revelstoke as caricatured by Spy (Leslie Ward) in Vanity Fair, August 1898

John Baring, 2nd Baron Revelstoke PC DL (7 September 1863 – 19 April 1929), was senior partner of Barings Bank from the 1890s until his death. John was the eldest surviving son of Edward Baring, 1st Baron Revelstoke, and a great-grandson of the firm’s founder, Sir Francis Baring.

Career at Barings[edit]

At the age of twenty, John left Cambridge to join the family firm. After a few years learning the basics in the counting house, he was sent on an extensive tour of North and South America to learn first-hand about Barings' international interests and meet the people he would later be dealing with. He became a partner in January 1890, less than a year before Barings nearly collapsed in the Panic of 1890. He was not implicated in that affair, so was allowed to continue as partner and played an increasingly important role in the affairs of the reorganized firm. By the outbreak of the First World War, Barings’ prestige had been fully restored under his leadership. During the War, Revelstoke was closely concerned with raising finance for the Imperial Russian government.

Outside Appointments[edit]

Revelstoke held numerous appointments outside the firm. He was a director of the Bank of England from 1898 until his death; Receiver General of the Duchy of Cornwall; Minister Plenipotentiary as British financial representative at the Allied Conference in Petrograd in 1917; and a British representative to the Committee of Experts on German Reparations in 1929.

Personal life[edit]

Revelstoke lived at 3 Carlton House Terrace in London from 1904 until his death in 1929, and owned a country house in Leicestershire. He never married, although in 1906 he proposed to Nancy Langhorne (later Nancy Astor). Upon his death, his title passed to his younger brother Cecil, who was also a partner in the family banking firm for many years.

Sources and external links[edit]

  • P. Ziegler, The Sixth Great Power: The House of Barings, 1762–1929 (1988)
  • The Baring Archive [1]
Political offices
Preceded by
Sir Robert Kingscote
Receiver-General of the Duchy of Cornwall
1908–1929
Succeeded by
Sir Edward Peacock
Honorary titles
Preceded by
The Duke of Bedford
Lord Lieutenant of Middlesex
1926–1929
Succeeded by
The Lord Rochdale
Peerage of the United Kingdom
Preceded by
Edward Baring
Baron Revelstoke
1897–1929
Succeeded by
Cecil Baring