Sir Mark Weinberg

Sir Mark Aubrey Weinberg (born 9 August 1931) is a South African-born British financier. He is known for founding several financial companies including the Abbey Life Assurance Company, Allied Dunbar and St. James's Place plc.

Early life and education

Weinberg was born in South Africa and educated at King Edward VII School in Johannesburg. He received degrees in commerce and law from University of Witwatersrand, Johannesburg, South Africa and practised as a barrister. He later received his Master of Laws at the London School of Economics, specialising in company law, and wrote the book Takeovers and Mergers whilst there.

Financial services career

In 1961, he founded Abbey Life Assurance Company in London, which was one of the first companies to develop unit-linked assurance and where he formed one of the UK's first retail property funds.

In 1971, he went on to found Hambro Life Assurance, subsequently called Allied Dunbar,

With the late Mike Wilson and Jacob Rothschild, he co-founded J. Rothschild Assurance, which became St. James's Place Wealth Management and later joined the FTSE 100.

In 2006, he became the executive chairman of Synergy Insurance Services, an innovative corporate insurance company.

Additionally, from its founding in 2005 until 2016, he was the chairman of the Pension Insurance Corporation, a company set up to provide insurance solutions for pension scheme management, in particular for defined benefit corporate pension schemes.

Weinberg was a non-executive director of GuestInvest, which owned Blakes Hotel, a hotel established by his wife.

Other activities

He was deputy chairman of the Securities and Investment Board, the principal UK regulatory body, from its inception in 1985 until 1990, having been an adviser on insurance affairs to the Secretary of State for Trade and Industry.

He was the co-founder of the Per Cent Club, a grouping of top companies committed to increasing companies’ charitable and community contributions, and deputy chairman of Business in the Community. a unique human cooling device that is used to treat heatstroke. He is also the non-executive chairman of Atlas City, a newly established company in the field of blockchain and of Blackout, a company which has developed a unique system for protecting data in the care of companies, as well as enabling schools to limit the use of social media by their pupils.

Family

He is married to former actress, hotelier and designer Anouska Hempel, his second wife, and has 4 children. He lives at Cole Park near Malmesbury in Wiltshire.