Peter Stormonth Darling

Peter Stormonth Darling (29 September 1932 - 16 September 2019) was a British investment banker who was the chairman of Mercury Asset Management.

He was raised on his family estate, Balvarran, in Strathardle, near Blairgowrie, Scotland. His father, Patrick, was a Scottish barrister, and his mother, Edith, was Irish. Educated at Winchester College, he was a strong cricketer, playing in the First XI in 1948 and 1949. His National service was in the Black Watch, extended to include service in Korea and the Second Battle of the Hook.

He studied law at New College, Oxford, then moved to Canada where he worked for Siegmund George Warburg from 1957 to 1963. He later went on to chair Mercury Asset Management (from 1987), at the time the largest and most influential fund-management firm in the UK with £100 billion under management.

In retirement, he was actively engaged in historic preservation; for example, chairing the World Monuments Fund from 2007–9, having joined the board in 1998. His charitable work in Scotland focussed on social welfare, health and sport.

Works

• Stormonth Darling, Peter (7 October 1999). City Cinderella : the life and times of Mercury Asset Management. Weidenfeld & Nicolson. p. 320. ISBN 9780297643906.

Further reading

• Telegraph Obituaries (27 September 2019). "Peter Stormonth Darling, financier who led Mercury Asset Management as it grew to be the City's largest fund manager – obituary". The Telegraph. Retrieved 16 November 2019.