Carlyle Gifford
Encyclopedia
Thomas Johnstone Carlyle Gifford (14 January 1881 - 24 January 1975) was one of the founders of Baillie Gifford
, one of the United Kingdom
's largest firms of investment managers.
in Kirkcudbrightshire
and educated at George Watson's College
and Edinburgh University, Carlyle Gifford trained with the firm of W.S. Cook and became a Writer to the Signet in 1905.
In 1907 he co-founded the legal firm of Baillie Gifford WS
which in 1909 formed and then acted as manager of The Scottish Mortgage and Trust Company Limited
.
He specialised in Land law and in Stock Exchange rules. He served on the Boards of Scottish Widows
and Edinburgh University.
He helped set up the Association of Investment Trust Companies in 1929 and served as Chairman from 1934 to 1936.
During World War II
he worked in the United States
where he acted as an agent for HM Treasury
selling British
overseas investments.
He lived in Edinburgh
and died there in 1975.
and together they went on to have two sons. In 1960 he married again to Sophia Mary Wharton Millar who survived him.
Baillie Gifford
Baillie Gifford is an investment management firm which is wholly owned by 36 partners, all of whom work full time for the firm. It was founded in Edinburgh in 1908 and still has its headquarters in the city...
, one of the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
's largest firms of investment managers.
Career
Born at Ingleston near TwynholmTwynholm
Twynholm is a small village in Kirkcudbrightshire, Dumfries and Galloway. It is located 3km north-north west of Kirkcudbright.Twynholm is the home town of Formula One racing driver David Coulthard. A museum to his career was established in the village and is a popular tourist attraction.The...
in Kirkcudbrightshire
Kirkcudbrightshire
The Stewartry of Kirkcudbright or Kirkcudbrightshire was a county of south-western Scotland. It was also known as East Galloway, forming the larger Galloway region with Wigtownshire....
and educated at George Watson's College
George Watson's College
George Watson's College, known informally as Watson's, is a co-educational independent day school in Scotland, situated on Colinton Road, in the Merchiston area of Edinburgh. It was first established as a hospital school in 1741, became a day school in 1871 and was merged with its sister school...
and Edinburgh University, Carlyle Gifford trained with the firm of W.S. Cook and became a Writer to the Signet in 1905.
In 1907 he co-founded the legal firm of Baillie Gifford WS
Baillie Gifford
Baillie Gifford is an investment management firm which is wholly owned by 36 partners, all of whom work full time for the firm. It was founded in Edinburgh in 1908 and still has its headquarters in the city...
which in 1909 formed and then acted as manager of The Scottish Mortgage and Trust Company Limited
Scottish Mortgage Investment Trust
Scottish Mortgage Investment Trust is a publicly traded investment trust listed on the London Stock Exchange. It invests globally, looking for strong businesses with above-average returns. Scottish Mortgage is managed by Baillie Gifford & Co, the Edinburgh based investment management...
.
He specialised in Land law and in Stock Exchange rules. He served on the Boards of Scottish Widows
Scottish Widows
Scottish Widows plc is a life, pensions and investment company located in Edinburgh, Scotland, and is a subsidiary of Lloyds Banking Group. Its product range includes life assurance, pensions, investments and savings...
and Edinburgh University.
He helped set up the Association of Investment Trust Companies in 1929 and served as Chairman from 1934 to 1936.
During World War II
World War II
World War II, or the Second World War , was a global conflict lasting from 1939 to 1945, involving most of the world's nations—including all of the great powers—eventually forming two opposing military alliances: the Allies and the Axis...
he worked in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
where he acted as an agent for HM Treasury
HM Treasury
HM Treasury, in full Her Majesty's Treasury, informally The Treasury, is the United Kingdom government department responsible for developing and executing the British government's public finance policy and economic policy...
selling British
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
overseas investments.
He lived in Edinburgh
Edinburgh
Edinburgh is the capital city of Scotland, the second largest city in Scotland, and the eighth most populous in the United Kingdom. The City of Edinburgh Council governs one of Scotland's 32 local government council areas. The council area includes urban Edinburgh and a rural area...
and died there in 1975.
Family
In 1907 he married Maud Oriel Riata Pearson daughter of Charles Henry PearsonCharles Henry Pearson
Charles Henry Pearson was a British-born Australian historian, educationist, politician and journalist. According to John Tregenza, "Pearson was the outstanding intellectual of the Australian colonies...
and together they went on to have two sons. In 1960 he married again to Sophia Mary Wharton Millar who survived him.