Frederick Szarvasy

Frederick Alexander Szarvasy (1875 - 3 July 1948) was a Hungarian-born British financier. When he died he was one of Britain's leading financiers and industrialists.[1]

Life

Born in Hungary, his father was Alexander Szarvasy, a banker.[2] After spending some time in South America, he arrived in London around 1901.[2] He quickly rose to prominence and gained a reputation for salvaging companies that were undermined by excessive debt.[3]

When Dunlop Rubber faced bankruptcy in 1921, Szarvasy was appointed as chairman and managing director.[3]

In 1924 he played a leading role in the foundation of Imperial Airways.[4]

In 1928 Szarvasy acquired United Anthracite Collieries from Lord Melchett.[4] As such, he gained control of 80 percent of South Wales's anthracite supply.[5]

Szarvasy died suddenly at his London home on 3 July 1948.[6]

References

  1. ↑ SZARVASY, LEADER IN GOAL INDUSTRY: British Financier Who Had a Wide Range of Interests Dies in His Late 60's New York Times (1923-Current file) [New York, N.Y] 05 July 1948: 15.
  2. 1 2 Francis Goodall, ‘Szarvasy, Frederick Alexander (1875–1948)’, Oxford Dictionary of National Biography, Oxford University Press, 2004; online edn, Jan 2008 accessed 14 July 2014
  3. 1 2 Judy Slinn (1 January 1993). Clifford Chance: Its Origins and Development. Granta Editions. p. 105. ISBN 978-0-906782-98-9.
  4. 1 2 MR. F. A. SZARVASY The Manchester Guardian (1901-1959) [Manchester (UK)] 05 July 1948: 6.
  5. ↑ "The Anthracite Coal Combine." Economist [London, England] 15 Sept. 1928: 468. The Economist Historical Archive, 1843-2010. Web. 14 July 2014.
  6. ↑ Aberdeen Journal - Monday 05 July 1948
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