Arron Banks
| Arron Banks | |
|---|---|
| Born |
22 March 1966 Northwich, Cheshire, England |
| Nationality | British |
| Education | Crookham Court Manor School St Bartholomew's School The Castle School |
| Occupation | Businessman |
| Net worth | £100 million |
| Spouse(s) | Ekaterina Paderina |
| Children | 5 |
Arron Fraser Andrew Banks (born 22 March 1966), occasionally known as Aaron Banks, is a British businessman and political donor. He is the co-founder (with Richard Tice) of the Leave.EU campaign. Although "one of Ukip's biggest donors," he was suspended from the party in March 2017.
Banks was born in Northwich, Cheshire. He spent the first part of his childhood in South Africa, and returned to the UK to attend a private school in Berkshire before being expelled for "an accumulation of offences", including the sale of lead stolen from the roofs of school buildings and "high-spirited bad behaviour".
Banks married young, and was offered a junior job at Lloyd's of London. By the age of 27, he was running a division of Norwich Union. He spent a year working for Berkshire Hathaway, the investment company of Warren Buffett.
He is a father of five and married to Russian Ekaterina Paderina, who is reported to have received help to remain in the UK from Mike Hancock while he was an MP.
In August 2012, Banks was arrested on suspicion of harassment, but not charged, and was issued with a controversial "prevention of harassment" notice and words of advice after harassment allegations by 33-year-old Jo Featherby. After Featherby had complained to the police, she was dismissed from the insurance company GoSkippy — linked to Banks's firm Brightside. Featherby commenced employment tribunal proceedings against GoSkippy, alleging unfair dismissal. She later agreed an out-of-court settlement.
Banks was the chief executive (CEO) of Southern Rock Insurance Company in 2014, which underwrites insurance policies for the website GoSkippy.com, which was founded by Banks. He previously co-founded Brightside Group in 2005, and was its CEO from June 2011 to June 2012, at which time the company was listed on the Alternative Investment Market (AIM). After Banks' departure, Brightside took legal action against him, alleging he used confidential information in setting up GoSkippy.com six months later. There were also legal actions between Southern Rock and Brightside.
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