Andrew Rosenfeld
Andrew Ian Rosenfeld (27 April 1962 – 8 February 2015)[1] was a British businessman who was co-founder, Chief Executive, and chairman of Minerva plc. He volunteered for a number of charitable organisations and was a major donor to the Labour Party. Rosenfeld was one of twelve wealthy donors to the Labour Party named in the Cash for Honours scandal of 2006. In 2012 he co-founded The People's Operator, a mobile telephone company.
Contents
Personal life
Rosenfeld had a bachelor's degree in Estate Management from South Bank Polytechnic,[2] and thereafter qualified as a member of the Royal Institution of Chartered Surveyors.[3] In 2006 he moved to Geneva[4] to avoid paying taxes in Britain[5] but returned to the UK in April 2011.[6] While he lived in Switzerland he held many of his assets offshore in the British Virgin Islands, but upon returning to Britain moved them back into that country.[6]
Rosenfeld had four children from his first marriage, which was dissolved. He married again in 2014.[2]
Charitable activities
He was head of the UK National Society for the Prevention of Cruelty to Children's "Full Stop" campaign, raising £250 million which is the largest sum ever raised in Britain for a single children's appeal. Formerly he was a Jewish Care trustee.[4] He was a Vice-President of the NSPCC[7] and was Chairman of the Full Stop Fellowship.[2]
Political involvement
Before the 2005 General Election he lent £1,033,000[8] to the Labour Party as part of the Cash for Honours scandal and, in partial return, was invited to a private dinner with Tony Blair at 10 Downing Street.[9] Rosenfeld denied that he made the loan expecting to receive an honour in exchange[10] although he was nominated for one by some of Blair's top aides.[11] It was subsequently repaid in full by 2009.[12]
In 2010 Rosenfeld had abandoned his support of the Labour Party, choosing to endorse David Cameron, the Conservative candidate.[13] Rosenfeld said that Cameron was "the man for the job – no doubt about it" and that the Labour Party had "run out of time."[13] By 2011 Rosenfeld was again backing the Labour Party, having emerged as its "most generous private donor."[12] He had announced that he would donate £1 million to the Labour Party for the 2015 UK General Election campaign.[4]
Career
Rosenfeld's father and grandfather were both in real-estate and he learned the rudiments of the trade by tagging along with his father while he evaluated properties.[14] He took his first job after college with Schroders, where he worked for two years.[14] He subsequently worked at SW Berisford evaluating properties in New York and California.[14] In the mid-80s, at the age of 23, Rosenfeld was hired by David Garrard to run one of his companies, Land Investors.[14] By the end of the decade he and Garrard had founded Minerva.[14]
Rosenfeld was already joint chairman of Minerva in 1997 at the age of 35.[15] He, by that time chief executive of Minerva, replaced David Garrard as chairman of the company in March 2005.[16] Rosenfeld was replaced as chief executive at the end of June 2005.[17] He resigned as executive chairman in October 2005.[18] While living in Geneva as a tax exile he set up a company called "Air Capital" and formed a partnership with the Goldman Sachs Whitehall Fund.[19]
The People's Operator
In 2012 Rosenfeld founded a new mobile phone company, The People's Operator, that contributes 10% of income and 25% of profits to charity and other non-profit organisations.[20]
References
- ↑ Jim Pickard, "Labour donor Andrew Rosenfeld Dies", The Financial Times (9 February 2015)
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- EngvarB from August 2014
- Use dmy dates from August 2014
- 1962 births
- 2015 deaths
- Businesspeople in telecommunications
- British expatriates in Switzerland
- British philanthropists
- British Jews
- British real estate businesspeople
- Labour Party (UK) people
- London South Bank University alumni
- National Society for the Prevention of Cruelty to Children people