Edward Bramson

Edward John Michael Bramson (born March 1951)[1] is the chief executive officer and principal at Sherborne & Company Incorporated,[2] described as an "activist investor" and "corporate raider". Among the companies targeted by Sherborne have been Electra Private Equity,[3][4][5] and investment company Foreign & Colonial Investment Trust.

On 19 March 2018 Sherborne Investment Management announced that it had acquired the voting rights to 5.16% of Barclays shares effectively making Sherborne the bank's fourth largest shareholder behind the Capital Group, the Qatar Investment Authority and Blackrock.[6] Sherborne's investment came after Barclays had announced a string of losses in the previous year including a £1.9 billion net loss on Payment Protection Insurance settlements and a £2.5 billion write-off of its African Business.[7]

In April 2019, Sherborne Investors LP wrote to Barclay shareholders asking for their support in its request to vote Mr. Bramson onto Barclay PLC's board as a non-executive director[8]. Central to this request was Sherborne's contention that Barclays' Corporate and Investment Bank ("CIB") under-performed peers producing a -29% total return while UK comparables returned +3% and other CIB peers returned +74%.[8]

In May 2019, Barclays' shareholders voted against Bramson joining the board (only 12.8% of shareholders backed his proposal).[9]

Bramson was born in Paddington, London but emigrated to New York in 1975.[10]

References
  1. "Edward John Michael BRAMSON". Companies House. Retrieved 27 September 2018.
  2. Edward J. Bramson Bloomberg Business. Retrieved 2 May 2015.
  3. "Edward Bramson revives Electra board seat campaign". Telegraph.co.uk. Retrieved 2015-05-02.
  4. Bow, Michael (2011-10-07). "City activists smell the scent of success: Edward Bramson's showdown at Electra follows battles over Alliance Trust and John Menzies | City A.M". Cityam.com. Retrieved 2015-05-02.
  5. Russell Lynch. "Activist investor Edward Bramson ready for new showdown with Electra - Business News - Business - London Evening Standard". Standard.co.uk. Retrieved 2015-05-02.
  6. Martin, Will. "An activist investment fund just became one of Barclays' biggest shareholders — and it could signal big changes". Business Insider. Retrieved 2019-11-22.
  7. "Barclays PLC FY 2017 Results Announcement" (PDF). Barclays. 31 December 2017. Archived from the original on 31 December 2017.
  8. LP, Sherborne Investors Management. "Sherborne Investors Management LP Letter to Shareholders of Barclays PLC". www.prnewswire.co.uk. Retrieved 2019-11-22.
  9. "Barclays sees off rebel investor Bramson". 2019-05-02. Retrieved 2019-11-22.
  10. Lyall, Ian (2012-12-07). "Is Edward Bramson set to become the Man?". Thisismoney.co.uk. Retrieved 2015-05-02.
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