Montagu Norman, 1st Baron Norman
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The Right Honourable The Lord Norman DSO PC |
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Norman on the cover of Time, 1929
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| Governor of the Bank of England | |
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In office 1920–1944 |
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| Preceded by | Sir Brien Cokayne |
| Succeeded by | The Lord Catto |
| Personal details | |
| Born |
Montagu Collet Norman 6 September 1871 Kensington, London, England |
| Died | 4 February 1950 (aged 78) Campden Hill, London, England |
| Nationality | British |
| Profession | Banker |
Montagu Collet Norman, 1st Baron Norman DSO PC (6 September 1871 – 4 February 1950) was an English banker, best known for his role as the Governor of the Bank of England from 1920 to 1944. Norman led the bank during the harshest period in British economic history and was noted for his somewhat raffish character and arty appearance.
Norman was the elder son of Frederick Norman and Lina Susan Penelope Collet, a daughter of Sir Mark Wilks Collet, 1st Baronet, himself a Bank of England Governor. The Norman family was well known in banking. Montagu's brother Ronald Collet Norman and his nephew Mark Norman became leading bankers. Montagu's great-nephew David Norman has also led a successful City career and is a noted benefactor of the arts. Montagu Norman was educated at Eton and spent one year at King's College, Cambridge. He also joined the 4th Bedfordshire and Hertfordshire militia in 1894 and served in the Second Boer War. He was awarded the Distinguished Service Order in 1901.
After spending time in Europe, he joined Martins Bank, where his father was a partner, in 1892, Brown, Shipley & Co., where his maternal grandfather was a partner, in 1894, and Brown Bros. & Co. of New York, in 1895. He became a partner in Brown Shipley in 1900 before leaving for South Africa, and retired from them in 1915.
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