Angus Grossart dies at 85 after short illness

Angus Grossart

Veteran Scottish investment banker Angus Grossart has died at the age of 85 after a short illness.

Edinburgh-based merchant bank Noble Grossart confirmed its chairman died at home on Friday with his family by his side.

“It is with profound sadness that we announce that Sir Angus McFarlane McLeod Grossart has passed away peacefully at home in Edinburgh on the May 13 with his family by his side after a short illness,” said Noble Grossart.

Grossart grew up in Carluke, South Lanarkshire, and trained in law at Glasgow University.

He jointly founded Noble Grossart in 1969 and served as a director of several major public companies.

Grossart was a former vice chairman of the Royal Bank of Scotland Group and a former chairman of the Scottish Investment Trust and of Edinburgh Fund Managers.

First Minister Nicola Sturgeon said: “I am deeply saddened to hear of the passing of Sir Angus Grossart.

“Sir Angus was a titan of Scotland’s business community and made a significant contribution to the arts, culture and public life.

“My deepest sympathies go to Gay and her family at this sad time.”

Grossart served as chairman of the National Museums of Scotland, the National Galleries of Scotland and the Scottish Futures Trust.

More recently, he was chairman of public relations firm Charlotte Street Partners and auction house Lyon & Turnbull.

Former first minister Alex Salmond said: “Angus was an engaging companion, a good friend and a thoroughly memorable character.

“He will be greatly missed by friends and family and by the many organisations, public and private, which have benefited from his wit and wisdom.”

Leading Scottish tech and media entrepreneur Chris van der Kuyl tweeted: “Angus invested in my first business in 1996.

“For the next 25 years his support for me both professionally and personally has been immeasurable

“His loss will reverberate far beyond these shores and with an incalculable number of people.”

Scottish Financial Enterprise chair Philip Grant said: “The world of Scottish finance is marking the passing of a giant of our industry.

“Among his many other achievements, Sir Angus was one of the founders of Scottish Financial Enterprise.

“He made an enormous contribution to business, finance, the arts and culture in Scotland, and his leadership and wise counsel will be missed by all who knew him.

“On behalf of SFE and our membership, our sincerest condolences go to his family.”

About the Author

Mark McSherry
Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University.