Chocolate heirs turn to careers in banking
What do you do with your time if you’re an heir apparent to a confectionery empire synonymous with Crunchies and drumming guerrillas? Polish up your CV and apply to an investment bank.
As we pointed to last year, Leander Cadbury, an Eton-educated heir to the Cadbury fortune (Cadbury was sold to Kraft for £10bn in 2009), was on the hunt for an investment banking job.
This remains the case.
Despite completing an MSc in Finance at Leeds University and undertaking another internship – this time an off-cycle internship in FX sales at J.P. Morgan for four months to December 2014, on top of stints at UBS, Bank of America Merrill Lynch, Coutts and Goldman Sachs - Leander still doesn't have a permanent position as an analyst.
This is despite being equipped with four A-levels from Eton, a BA in Russian and Economics, the MSc in Finance, five internships and, no doubt, the sort of connections desirable to investment banks.
[efc_twitter text="Leander is not the only Cadbury to pursue a career in banking"]. James Cadbury, the great-great grandson of George Cadbury, is currently working as a trader for the Universities Superannuation Scheme. This is a role he got the hard way – from moving from a back office operations role at Barclays to the middle office at USS and finally a trading role earlier this year.
These young financiers are also the second generation of Cadburys going into finance, however. Georgina Cadbury, 38, is a director in fund-raising and marketing at hedge fund Palmer Capital.