Lloyd Dorfman is Executive Chairman of the Travelex Group. He is the Founder of the Travelex Group, the world's largest retailer of foreign exchange which he started in 1976. At this point, the pre-privatisation BAA only appointed clearing banks. We all like to go into restaurants, pubs and shops and be recognised: Hello John. He was also Chairman of the Princes Trust from 2015 to 2018, having joined the charitys Council (Board) in 2007. Sir Lloyd Marshall Dorfman CVO CBE (born 25 August 1952) is a British entrepreneur[1] and philanthropist. He is also the chairman of Princes Trust International, which aims to help unemployed young people around the globe into education, training and work. I certainly did bear those factors in mind when making the decision. Since undergoing a 30m renovation, the Roundhouse is attempting to reinvigorate itself as an edgy antidote to the generic Carling-backed venues now dominating London's performance landscape. Due to ageing infrastructure, it needed to rebuild itself. Having briefly sampled the bar and investment banking, he started his own currency exchange business in 1976 from one small shop in central London. He is married to Sarah Dorfman. Thats not us. "It costs around 2m a year to run but we want to grow it and of course that will cost more. And thirdly be sure to enjoy it. This was very valuable free advice, as Lloyd then mentioned that in 2005 he had sold half his 63% stake in the company to a private equity fund for over one billion pounds! Catherine Wheatley is a business journalist and regular contibutor to Sunday Business. Dorfman has been brought in partly to leverage his considerable book of business contacts to boost funding for the venue. So Lets check out some interesting details of him. Across all countries covered in this report there is a wealth of experience of major philanthropy. All Rights Reserved. He sits on the Business Advisory Board of the Mayor of London, Sadiq Khan. Discover Lloyd Dorfman's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. These were memorable experiences. Jake is Managing Director of Sir Lloyd Dorfman's family office where he focuses on private equity investments, primarily in growth businesses. It has a different feel to any other venue in London. If you'd have told me 18 months ago that we'd be where we are today it would have been incredible. The billionaire founder of the Travelex money exchange tells Simon Evans of his plan to breathe new life into a legendary London arts venue, Sunday, 11 November 2007 He is the Honorary Colonel of the Third Battalion of the Princess of Wales Royal Regiment. He is married with three children and lives in London. This is his new global initiative to help disadvantaged young people around the world into some form of education, training or employment. Note: This article is only for educational purposes and it may possible that the information mentioned here is not 100% right. The company has over 30 buildings across London. His. There were various milestones along the way, he says. I told my wife that I had said to Nick: Is Dorfman a name for a theatre? The Roundhouse recently presented the launch of the controversial 2012 Olympic logo. For the first few years the business grew slowly. He ran the operation himself for 12 hours a day, seven days a week, including one particularly miserable Christmas. External factors are also relevant. Our support for Westminster Abbey may be surprising as Im Jewish so I dont have many an occasion to go there. Please send us amessage. Hisnet worth is estimated between $800 million and $1.2 billion. [29], List of companies related to Lloyd Dorfman , Commander of the Order of the British Empire, http://www.cbetta.com/director/lloyd-marshall-dorfman-3, "Entrepreneurs are risk-takers but voting Out is a step too far", "Travelex sold to owner of UAE Exchange in 1bn deal", "The man who introduced cheap theatre tickets is a hard act follow", "Blackstone taking control of The Office Group", "Now I've hitched my wagons to the internet shopping express | The Sunday Times", "Clicks vs bricks is gone: E-commerce firms need both", "Lloyd Dorfman: A tycoon blurring lines between business and charity", "Brexit will be a huge challenge for London but our best days lie ahead", "Team Ainslie is picking out the racing line for UK plc", "Mayor announces Business Advisory Board | London City Hall", "Currency magnate Sir Lloyd Dorfman opens up on the downfall of Travelex", "LLOYD DORFMAN | UK Case Studies | Coutts Million Dollar Donor Report", "New architecture space and prizes announced for 2018 | Blog | Royal Academy of Arts", "Prince of Wales Medal for Arts Philanthropy 2011 News stories", "Honorary Graduates 2016 | University of Buckingham", https://en.wikipedia.org/w/index.php?title=Lloyd_Dorfman&oldid=1100820936, This page was last edited on 27 July 2022, at 21:52. Before joining Fleming Family and Partners, Jake spent three years in investment banking at Robert Fleming before moving to the consumer products investment banking team at Lehman Brothers. Prior to that he was Co-CEO of Fleming Family and Partners Advisory business. He was the owner of the Abeking motor yacht Elandess. Your usual table?. The phrase quantum leap comes to mind," says Dorfman. And in 2014 Dorfman sold the majority of all his shares in Travelex for approx US$ 500 million. I have been on the board of the Princes Trust for nine years and was asked to become Chairman in 2015 (this year, 2016, we are celebrating its 40th anniversary). Data on impact is important for many donors and it is always good to see the numbers. Net Worth. "It was a great success and hopefully the Proms will be here for a third time next year.". Founded a small currency-exchange shop in central London more than 30 years ago; built Travelex into the world . Travelex is a British foreign exchange company founded by Lloyd Dorfman and headquartered in London. [21], He was on the board of the Royal National Theatre from 2007 to 2015, and the National Theatre's Cottesloe was renamed the Dorfman Theatre in 2013 following a gift of 10million towards the National Theatre Future redevelopment project. By nationality, he is British and currently, his food habit is non-vegetarian. We asked donors to share their advice on giving donations of $1m or more. Doors are one thing, but in building a firm that has revenues of 650m, operations in 105 airports, and an enviable slice of global trade payments, hes knocked a few walls through as well. A Bombardier Global 6000 has a list price of US$ 60 million. The Royal Bank of Scotland Group - Company Announcements "I hate them. Have your favoured causes changed over time? Clients who trust us include Disney, HBO, Paramount, Sony, The Stanley Kubrick Estate, TikTok, Unilever Prestige and Universal Pics, amongst many others. And I can also talk about my giving and the occasions where my name has been used on buildings and so on, because that might lead other people to think: I could do that or Id quite like to do that because perhaps they hadnt realised they could. Dorfman is a minority shareholder in The Office Group, the British pioneers of co-working spaces. The consent submitted will only be used for data processing originating from this website. ", A quarter of a century ago, when Dorfman was sitting in his only bureau de change kiosk in London's Holborn, he must have wondered if such a moment would ever arrive. Dorfman was stumped as to how get Travelex into the southern ports where he thought the next opportunity would be. Philanthropy. "We'll have to look at how it evolves," says Dorfman. " My experience of start-ups, particularly building Travelex around the world, is obviously very useful. In this section, you will get Lloyd Dorfman age, birthday, religion, hometown, food habits, and birthplace details. I hope you like it and if you have any questions let me know in the comment box. We provide a platform and support system for fact-based storytellers to incubate and develop ideas that illuminate and entertain. [citation needed] In 2007 he received the Honorary Australian of the Year in the UK award. In 2002 he received the British American Chamber of Commerce's UK Entrepreneurial Award, and the Institute of Economic Affairs' Free Enterprise Award. He is a Non-Executive Director of M & C Saatchi plc, a Governor of St Paul's School, London, a Patron and Deputy Chairman of The Prince's Trust Development Board, and an Honorary Fellow of St Peters College, Oxford. He loves to do exercises regularly and also tells others to do that. He seld her in December 2022. Earlier this year Dorfman celebrated 25 years in business with the 440m acquisition of Thomas Cook Financial Services, adding a huge slice of corporate trade to Travelex's more tourist-focused operations. [2], Dorfman's family were Jewish immigrants from eastern Europe who came to London before The Great War. He loves doing acting in movies and shows. I suppose we'll sit down and look at the state of the markets then and I'll decide what to do with my stake.". Ans. He talks of the upcoming Verve gigs at the Roundhouse and is still basking in the glow of the recent BBC Electric Proms, which saw the likes of Paul McCartney, the Kaiser Chiefs and Mark Ronson play a number of memorable gigs at the venue. [12] The Group has over 30 buildings across central London. We have no information about Lloyd Dorfman girlfriend. We spend a lot of team researching and deeply investigating yacht ownership structures. Sir Lloyd Dorfman, founder of the Travelex currency exchange (which he sold in 2014), is seldom short of ideas. He was previously chairman and majority shareholder of the company from 2010 to 2017, before a 500 mn deal with Blackstone in June 2017. This article is only for educational purposes and it may possible that the information mentioned here is not 100% right. So, now more than ever those people in a position to make significant donations need to lead from the front. How does he know whether these projects are worth the risk? Over 20 years later, there is a Travelex bureau in scores of motorway services. He has a long association with a number of charities, including the. "But we are nothing if not opportunistic. Dorfmans school friends at St Pauls in London would read the newspaper backwards to get the football news first, but hed be straight into the financial pages. Lloyd Dorfman is Founder and Chairman of the Travelex Group. We and our partners use cookies to Store and/or access information on a device. "It was a one man and no dog story," he recalls. The community has always punched well above its weight in terms of its philanthropic contribution across education, the arts and welfare, both within the Jewish community and broader British society. This was an instant success as many people around the world are interested in, or curious about, these multi-million dollar yachts and their wealthy owners. In the last 25 years a lot of people have made a lot of money, and there are countless opportunities for them to put something back and get involved in philanthropy. We will be trying to collect his favorite things and update them soon. Dorfman is also Chairman and majority shareholder of The Office Group, which provides offices, meeting rooms and co-working spaces for start-ups and small businesses. 2007 he received the Honorary Australian of the Travelex Group ( which he in! 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