Graham Wellesley, 8th Earl Cowley
The Right Honourable The Earl Cowley | |
---|---|
Born | Garret Graham Wellesley (1965-03-30) 30 March 1965 (age 59) |
Alma mater | Franklin College, Switzerland |
Occupation | Businessperson |
Children | 3 |
Parent(s) | Garret Wellesley, 7th Earl Cowley Suzanne Lennon |
Garret Graham Wellesley, 8th Earl of Cowley (born 30 March 1965), styled Viscount Dangan from 1975 to 2016, is a British hereditary peer and businessman. Previously an entrepreneur in derivatives and foreign exchange trading, he is the founder and CEO of UK alternative lender Wellesley & Co.
Early life
Graham Wellesley was born in 1965, the son of Garret Wellesley, 7th Earl Cowley, and his first wife, (Elizabeth) Suzanne Lennon.[1] He has an elder sister, Lady Tara (born 1962). He is a descendant of Henry Wellesley, 1st Baron Cowley, brother of the Duke of Wellington.[2] He spent his early years in California before coming to the UK aged 10, where he attended the American Community School in Hillingdon, west London.[3]
After graduating with a degree in economics from Franklin College, Switzerland, he served for 18 months in the Household Cavalry.[3]
Career
Wellesley’s financial career began in 1985 as a derivatives trader at the London stockbroking firm Hoare Govett, from where he moved to two further derivatives trading roles at Banque Indosuez and ING Charterhouse.[3] In 1992, he became head of foreign exchange trading at global metals trader Gerald Metals.[3]
In 1995, he established the UK foreign exchange market maker IFX, which specialised in contracts for difference (CFDs) and spread bets on equity prices.[2] In 1999, he and another director, Lorenzo Naldini, purchased the 51% of the business owned by its US parent company IFX Corp in a buyout that left them as sole shareholders.[4]
In 2000, IFX was bought by the football pools operator Zetters for £20.4million in a reverse takeover, forming a new entity – IFX Group – with Wellesley as group chief executive.[citation needed] Two years later the company sold its pools business.[5]
In 2003, Wellesley and Naldini left IFX following a disagreement with the board and co-founded ODL Securities, an online foreign exchange and derivatives broker.[6]
In 2005, ODL was the whistleblower in an attempted banking fraud by US hedge fund Bayou. Bayou opened an account with ODL, depositing $101million and requesting two transactions that were refused by the management, who notified the UK Financial Services Authority.[7]
In 2010, Wellesley and Naldini sold their 50% stake in ODL to US foreign exchange firm FXCM Holdings, creating a business employing around 1,000 staff.[8] In December that year, the newly enlarged entity floated on the New York Stock Exchange.[9]
In 2013, Graham Wellesley co-founded alternative lender Wellesley & Co. with three other shareholders, taking the role of chief executive.[10] The following year the company issued what at the time was the largest ever loan by a peer-to-peer lender – a £8.3million bridging loan to a UK urban regeneration scheme.[11]
Personal life
In 1990, Wellesley married Claire L. Brighton. The couple have two sons and a daughter:[1]
- Henry Arthur Peter Wellesley, Viscount Dangan (born 3 December 1991)
- Lady Natasha Rose Wellesley (born 28 June 1994)
- Hon. Bertram Garret Graham Bertie Wellesley (born 12 April 1999)
Ancestry
Ancestors of Graham Wellesley, 8th Earl Cowley | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
References
- ^ a b "Garret Wellesley Obituary (1934 - 2016) - Reno, NV - the Reno Journal-Gazette and Mason Valley News". www.legacy.com. Retrieved 16 June 2021.
- ^ a b "Zetters spreads its bets". The Guardian. 25 August 2000. Retrieved 15 November 2016.
- ^ a b c d Coppock, John (22 August 2002). "IFX Chief plays against odds: Nobleman Wellesley focuses on tax-free financial speculation". Wall Street Journal.
- ^ "IFX applies to join LME". Metal Bulletin. 15 July 1999.
- ^ Chisholm, Jamie (31 May 2002). "Zetters bets on transformation". Financial Times.
- ^ Dey, Iain (23 July 2006). "Elliot takes non-executive chair at ODL". The Daily Telegraph. Retrieved 15 November 2016.
- ^ Moore, James (27 September 2005). "London firm 'was link in US banking fraud case'". The Daily Telegraph. Retrieved 15 November 2016.
- ^ Wilson, Harry (4 May 2010). "Forex broker ODL accepts US takeover". The Daily Telegraph. Retrieved 15 November 2016.
- ^ "FXCM's IPO Raises $211 Million at Midpoint of Range". Bloomberg. 2 December 2010. Retrieved 16 March 2017.
- ^ "Peer to peer lending market gets new risk-capital entrant". City AM. 18 November 2013. Retrieved 15 November 2016.
- ^ Dunkley, Emma; Sharman, Andy (1 April 2014). "Largest P2P loan to fund urban regeneration scheme". Financial Times. Archived from the original on 11 December 2022. Retrieved 15 November 2016.
Peerage of the United Kingdom | ||
---|---|---|
Preceded by Garret Wellesley | Earl Cowley 2016–present | Incumbent heir apparent: Henry Wellesley, Viscount Dangan |
- v
- t
- e
- Charles Chetwynd-Talbot, 22nd Earl of Shrewsbury
- Edward Stanley, 19th Earl of Derby
- William Hastings-Bass, 17th Earl of Huntingdon
- William Herbert, 18th Earl of Pembroke
- Charles Courtenay, 19th Earl of Devon
- Robert Fiennes-Clinton, 19th Earl of Lincoln
- Alexander Howard, 22nd Earl of Suffolk
- William Herbert, 15th Earl of Montgomery
- Alexander Feilding, 12th Earl of Denbigh
- Anthony Fane, 16th Earl of Westmorland
- Alexander Howard, 15th Earl of Berkshire
- Richard Bertie, 14th Earl of Lindsey
- Daniel Finch-Hatton, 17th Earl of Winchilsea
- John Montagu, 11th Earl of Sandwich
- Paul Capell, 11th Earl of Essex
- George Howard, 13th Earl of Carlisle
- Nicholas Ashley-Cooper, 12th Earl of Shaftesbury
- Daniel Finch-Hatton, 12th Earl of Nottingham
- Richard Bertie, 9th Earl of Abingdon
- Timothy Bentinck, 12th Earl of Portland
- Richard Lumley, 13th Earl of Scarbrough
- Rufus Keppel, 10th Earl of Albemarle
- George Coventry, 13th Earl of Coventry
- William Child Villiers, 10th Earl of Jersey
- Alistair Sutherland, 25th Earl of Sutherland
- Anthony Lindsay, 30th Earl of Crawford
- Margaret of Mar, 31st Countess of Mar
- Merlin Hay, 24th Earl of Erroll
- Malcolm Sinclair, 20th Earl of Caithness
- Stewart Douglas, 22nd Earl of Morton
- James Leslie, 22nd Earl of Rothes
- Henry Erskine, 18th Earl of Buchan
- Hugh Montgomerie, 19th Earl of Eglinton
- John Stuart, 21st Earl of Moray
- James Erskine, 14th Earl of Mar
- Michael Douglas-Home, 16th Earl of Home
- James David Drummond, 10th Earl of Perth
- Simon Bowes-Lyon, 19th Earl of Strathmore and Kinghorne
- James Erskine, 16th Earl of Kellie
- George Baillie-Hamilton, 14th Earl of Haddington
- Andrew Stewart, 14th Earl of Galloway
- Ian Maitland, 18th Earl of Lauderdale
- James Lindesay-Bethune, 16th Earl of Lindsay
- Simon Abney-Hastings, 15th Earl of Loudoun
- Charles Hay, 16th Earl of Kinnoull
- Andrew Bruce, 11th Earl of Elgin
- James Charteris, 13th Earl of Wemyss
- James Ramsay, 17th Earl of Dalhousie
- David Ogilvy, 14th Earl of Airlie
- Alexander Leslie-Melville, 15th Earl of Leven
- John Grant, 13th Earl of Dysart
- John Douglas-Hamilton, 12th Earl of Selkirk
- Patrick Carnegy, 15th Earl of Northesk
- Andrew Bruce, 15th Earl of Kincardine
- Anthony Lindsay, 13th Earl of Balcarres
- Filippo Rospigliosi, 12th Earl of Newburgh
- Alexander Scrymgeour, 12th Earl of Dundee
- Patrick Hope-Johnstone, 11th Earl of Annandale and Hartfell
- Iain Cochrane, 15th Earl of Dundonald
- James Keith, 14th Earl of Kintore
- Malcolm Murray, 12th Earl of Dunmore
- Alexander Leslie-Melville, 14th Earl of Melville
- Peter St John, 9th Earl of Orkney
- James Charteris, 9th Earl of March
- Ian Ogilvie-Grant, 13th Earl of Seafield
- John Dalrymple, 14th Earl of Stair
- Harry Primrose, 8th Earl of Rosebery
- Patrick Boyle, 10th Earl of Glasgow
Britain
- Robert Shirley, 14th Earl Ferrers
- William Legge, 10th Earl of Dartmouth
- Peter Bennett, 10th Earl of Tankerville
- Charles Finch-Knightley, 12th Earl of Aylesford
- Richard Parker, 9th Earl of Macclesfield
- James Waldegrave, 13th Earl Waldegrave
- Charles Stanhope, 12th Earl of Harrington
- Quentin Wallop, 10th Earl of Portsmouth
- Guy Greville, 9th Earl Brooke
- George Hobart-Hampden, 10th Earl of Buckinghamshire
- Piers North, 10th Earl of Guilford
- Joseph Yorke, 10th Earl of Hardwicke
- Robin Fox-Strangways, 10th Earl of Ilchester
- Guy Greville, 9th Earl of Warwick
- William Sackville, 11th Earl De La Warr
- William Pleydell-Bouverie, 9th Earl of Radnor
- Charles Spencer, 9th Earl Spencer
- Allen Bathurst, 9th Earl Bathurst
- George Villiers, 8th Earl of Clarendon
- Alexander Murray, 8th and 9th Earl of Mansfield
- Charles Chetwynd-Talbot, 7th Earl Talbot
- Christopher Edgcumbe, 9th Earl of Mount Edgcumbe
- Charles Fortescue, 8th Earl Fortescue
- Alexander Murray, 9th Earl of Mansfield
- George Herbert, 8th Earl of Carnarvon
- Edward Cadogan, 9th Earl Cadogan
- James Harris, 7th Earl of Malmesbury
Kingdom