Special Lecture with David Lough -- No More Champagne: Churchill and His Money
Tuesday, October 17 6:00 - 7:30 pm
Presented by David Lough
in partnership with the National Trust for Scotland Foundation USA
NEHGS Library and Archives, 99-101 Newbury, Street Boston, MA
Churchill lived for most of his life on a financial cliff edge. The popular image may be of champagne and cigars, but behind the scenes, his friends and family came to the rescue several times to prevent his financial problems from engulfing his political career. In No More Champagne: Churchill and His Money (Picador, 2015), author, retired banker, and scholar of history David Lough provides the first full, lifetime narrative of Winston Churchill’s precarious private finances. Using Churchill's own most private records, Lough chronicles the family's habitual shortage of money, Churchill's own extravagance, and his recurring losses from gambling or trading in shares and currencies.
Join NEHGS and NTSF-USA for a special evening with David Lough. Reception and book signing to follow.
About the speaker:
After an early career in financial markets at home and in Asia, David Lough founded a private banking business, Heartwood, that advises prominent British families across the range of their private affairs, including their investments, tax affairs, and estate planning. He was a Fellow of the Chartered Securities Institute, a member of the London Stock Exchange, and acted as a ‘blind trustee’ for government ministers during their period in office.
He retired as chief executive of Heartwood in 2008 and became its part-time chairman, while starting to research No More Champagne. Following Heartwood’s sale in 2013 to Handelsbanken, the Swedish international bank, he returned to history full-time, using the experience gained in his private banking career to piece together the untold story of Winston Churchill’s precarious personal finances from archives around the world.
David’s articles have appeared in newspapers and magazines on both sides of the Atlantic and he speaks regularly at literary events. He is a member of the UK’s Biographers’ Club and of the Society of Authors; a trustee of the London Library and member of its Founder’s Circle; a member of the advisory board of BlackRock’s philanthropy funds in London, of the Garrick Club, and of the City of London’s Worshipful Company of Haberdashers.
About The National Trust for Scotland Foundation USA:
The National Trust for Scotland (www.nts.org.uk) was founded in 1931 to harness the energies of the people of Scotland in helping to preserve the country’s history. It has since grown to be Scotland’s largest conservation movement and membership organization, with more than 330,000 members worldwide. The Trust owns and manages 129 visitor properties that range from castles and country houses to islands and Highland landscapes.
The National Trust for Scotland Foundation USA (www.ntsusa.org) encourages Americans to participate in caring for the irreplaceable natural and cultural heritage properties protected by the Trust. By raising visibility and funding for urgent conservation activities in Scotland, we can make sure that the rich history and traditions shared by Scots and Americans are preserved for future generations. Since 2000, the Foundation has provided nearly $8.5 million in funding for the Trust’s work.