Thomas Baring (1839–1923) was a British banker. Known as "Tom", Baring was the tenth child (fifth of second marriage) of

Henry Baring Henry Baring (18 January 1777 – 13 April 1848) was a British banker and politician. He was the third son of Sir Francis Baring, 1st Baronet, the founder of the family banking firm that grew into Barings Bank. His grandfather Johann Baring emi ...

Cromer Hall Cromer Hall is a country house located one mile south of Cromer on Holt Road, in the English county of Norfolk. The present house was built in 1829Norfolk 1: Norwich and North-East, By Nikolaus Pevsner and Bill Wilson, Cromer entry, page 120. b ...

, and younger full brother of

Edward Baring, 1st Baron Revelstoke Edward Charles Baring, 1st Baron Revelstoke (13 April 1828 – 17 July 1897), was a British banker. Early life A member of the Baring banking family, "Ned" Baring was born on 13 April 1828. He was the second son of Henry Baring from his second ma ...

. Like his brother, he was involved in the family banking business, beginning his career in the

Liverpool Liverpool is a city and metropolitan borough in Merseyside, England. With a population of in 2019, it is the 10th largest English district by population and its metropolitan area is the fifth largest in the United Kingdom, with a popul ...

office of

Barings Bank Barings Bank was a British merchant bank based in London, and one of England's List of oldest banks in continuous operation, oldest merchant banks after Berenberg Bank, Barings' close collaborator and German representative. It was founded in 1762 ...

. He later moved to

New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...

to join

Kidder Peabody Kidder, Peabody & Co. was an American securities firm, established in Massachusetts in 1865. The firm's operations included investment banking, brokerage, and trading. The firm was sold to General Electric in 1986. Following heavy losses, it was ...

. When, in 1890, Kidder Peabody split its dual Boston-New York firm, Baring became a partner in the separated New York firm. He and another Kidder-Peabody alumnus, George C. Magoun, formed Baring, Magoun. Both houses continued as

North American North America is a continent in the Northern Hemisphere and almost entirely within the Western Hemisphere. It is bordered to the north by the Arctic Ocean, to the east by the Atlantic Ocean, to the southeast by South America and the Ca ...

agents for Barings. Following the near-collapse of Barings, which initiated the

Panic of 1890 Panic is a sudden sensation of fear, which is so strong as to dominate or prevent reason and logical thinking, replacing it with overwhelming feelings of anxiety and frantic agitation consistent with an animalistic fight-or-flight reactio ...

, and the death of senior partner

Thomas Charles Baring Thomas Charles Baring DL (16 May 1831 – 2 April 1891) was a British banker and Conservative Party politician. Life Baring, informally called "T.C." or "Charley" to distinguish him from the other Thomases, was the son of the Right Reverend ...

(a cousin) in 1891, Tom returned to London to become a Managing Director of the reorganized Baring Brothers and Co. Limited in 1892. In 1896 he joined the new Barings partnership formed to oversee the limited company. He remained in both positions until his retirement in 1912. Although Tom was the eldest of the partners, his nephew

John Baring, 2nd Baron Revelstoke John is a common English name and surname: * John (given name) * John (surname) John may also refer to: New Testament Works * Gospel of John, a title often shortened to John * First Epistle of John, often shortened to 1 John * Second E ...

became head of the firm. Baring was born at

Cromer Cromer ( ) is a coastal town and civil parish on the north coast of the English county of Norfolk. It is north of Norwich, north-northeast of London and east of Sheringham on the North Sea coastline. The local government authorities are Nor ...

Norfolk Norfolk () is a ceremonial and non-metropolitan county in East Anglia in England. It borders Lincolnshire to the north-west, Cambridgeshire to the west and south-west, and Suffolk to the south. Its northern and eastern boundaries are the No ...

, but never lived there as an adult. The estate was home to his younger brother

Evelyn Evelyn may refer to: Places * Evelyn, London *Evelyn Gardens, a garden square in London * Evelyn, Ontario, Canada * Evelyn, Michigan, United States * Evelyn, Texas, United States * Evelyn, Wirt County, West Virginia, United States * Evelyn ...

who, after a distinguished career as a statesman, diplomat and colonial administrator, was raised to the peerage as 1st

Earl of Cromer Earl of Cromer is a title in the Peerage of the United Kingdom, held by members of the Baring family, of German descent. It was created for Evelyn Baring, 1st Viscount Cromer, long time British Consul-General in Egypt. He had already been cr ...

References

*
Baring family genealogy in ''The Baring Archive''

Baring family portrait collection in ''The Baring Archive''
British bankers

Tom Tom or TOM may refer to: * Tom (given name), a diminutive of Thomas or Tomás or an independent Aramaic given name (and a list of people with the name) Characters * Tom Anderson, a character in ''Beavis and Butt-Head'' * Tom Beck, a character ...

1839 births 1923 deaths {{England-business-bio-stub