N’Gunu Tiny on US banker and philanthropist David Rockefeller’s legacy

N’Gunu Tiny on US banker and philanthropist David Rockefeller’s legacy — London Business News | Londonlovesbusiness.com

David Rockefeller’s influence on banking, art and politics

David Rockefeller was the family’s leading figure from 2004 until his death, as the fifth (and youngest) son of Abby Aldrich Rockefeller and his father John D Rockefeller Jr.

Post-war years spent on expanding Chase Bank and the Rockefeller interests

In 1943, David Rockefeller enlisted as an Officer and two years later had made Captain after serving in France and North Africa. After the war, he joined Chase National Bank, an institution that had long been associated with the Rockefeller dynasty. At the time of his appointment, the Chairman was Uncle Winthrop W Aldrich.

Rockefeller helped to craft the global economic system

Rockefeller’s achievements over these years were huge. Chase became a central part of the global financial system because of its vast network of correspondent institutions.

The political influence of David Rockefeller was wide ranging

Rockefeller was no stranger to controversy, particularly with regards to his political involvement. He was a huge traveller and befriended an enormous number of world leaders. Often, he was used as an unofficial emissary on state business.

Philanthropy and family trusts

Internally, he also totally restructured the business and philanthropic dealings of the Rockefeller family. He worked with his brothers at the Rockefeller Centre to make the right decisions — his notes from all of these meetings are now in the family archive and will one day be released.

Legacy and inspiration for the next generation of Rockefellers

The Rockefeller banking dynasty undoubtedly shaped the market for Modern art, with the second-generation spending millions on Ming and Kangxi porcelain collections from JP Morgan’s collection. David’s wife Abby began astutely collecting contemporary art from the 1920s.

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N’Gunu Tiny is the Founder, Chairman and Chief Executive Officer of The Emerald Group, a diversifed investment group. http://www.ngunutiny.com/

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