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Gilbert de Botton
Gilbert de Botton
	Gilbert de Botton on holiday
Born	16 February 1935; Alexandria, Egypt
Died	27 August 2000 (aged 65); Paradou, France
Citizenship	Swiss
Education	Victoria College, Alexandria
Alma mater	Hebrew University of Jerusalem; Columbia University
Occupation	Financier
Known for	Founder, Global Asset Management
Spouses	Jacqueline Burgauer (1962–1988); Janet Green (1990–2000);
Children	Alain de Botton; Miel de Botton
Parent(s)	Jacques de Botton; Yolande Harmer
Relatives	Leonard Wolfson, Baron Wolfson (father-in-law)

Gilbert de Botton (16 February 1935 – 27 August 2000) was an Egyptian-Israeli-Swiss financial pioneer, who is considered the inventor of the open architecture model of asset management,^[3] whereby a financial institution offers third-party products to their clients.^[4] He was also a prominent art collector.^[5]

Early life

Gilbert de Botton was born in Alexandria, Egypt, to a distinguished Sephardic Jewish family. Among his ancestors was the rabbinical scholar Abraham de Boton. Gilbert was brought up largely by his mother's parents. His mother Yolande Harmer, a journalist and Israeli intelligence officer, died in 1959. He also saw little of his father, who was an oil company representative.^[6]

De Botton was educated at Victoria College, Alexandria; the Hebrew University of Jerusalem, where he studied economics; and Columbia University in the US, where he earned a master's degree.^[6]

Career

In 1968, when the British and French Rothschild banking houses decided jointly to establish an operation in Zurich, de Botton was recruited as its first managing director. He went on to serve briefly as president of Rothschilds in New York in 1982.^[6]

In 1983, Gilbert de Botton founded the Global Asset Management financial firm, a multinational asset management firm, later incorporated into UBS AG until December 2005, when it was acquired by Julius Baer.^[7] Upon selling his stakes in the company in 1999, de Botton received a large sum of money, whose size has never been officially confirmed by buyer or seller. His wealth was estimated by one source to have reached £234 million in 1999 (equivalent to £512,195,221 in 2023).^[8]

Legacy

In 2003, GAM and the London School of Economics and Political Science (LSE) announced the creation of the GAM Gilbert de Botton Award in Finance Research, an annual award given in recognition of outstanding research in finance, in honour of Gilbert de Botton.^[9]

He was also known as a scholar of Montaigne; his collection of books now comprises "The Montaigne Library" at the Cambridge University Library in the UK.^[10]

Personal life

Gilbert de Botton married Jacqueline Burgauer in 1962. The marriage was dissolved in 1988. They had two children: a son, the writer Alain de Botton, and a daughter, Miel de Botton, a philanthropist and art collector. In 1990, he married Janet Green (née Wolfson), the eldest daughter of businessman Leonard Wolfson, Baron Wolfson, of the Great Universal Stores family, and previously married to broadcasting executive Michael Green. Dame Janet de Botton is also a prominent collector of modern art.^[6]^[11]