Edgar Vincent, 1st Viscount D'Abernon

Edgar Vincent, 1st Viscount D'Abernon

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Edgar Vincent, 1st Viscount D'Abernon

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Edgar Vincent, 1st Viscount D'Abernon, GCB, GCMG, PC, FRS (19 August 1857 – 1 November 1941) was a British politician, diplomat, art collector and author.

Early life

Vincent was the youngest son of Sir Frederick Vincent, 11th Baronet, of Stoke D'Abernon (1798–1883) and his second wife, Maria Copley (d. 1899).Richard Davenport-Hines, ‘’, Oxford Dictionary of National Biography, Oxford University Press, 2004; online edn, Jan 2008, accessed 10 July 2011. He was born at Slinfold, West Sussex and educated at Eton College for the diplomatic service. Instead, he spent five years as a member of the Coldstream Guards before coming into the service as secretary to Lord Edmond FitzMaurice, Queen's Commissioner on the East Rumelian Question. He was himself appointed Commissioner for the Evacuation of Thessaly (ceded to Greece by Turkey) and advised the Egyptian government on financial matters from 1883 to 1889.

Ottoman Bank crash

That year he became governor of the Imperial Ottoman Bank. One of his policies was to get the Bank involved in South African mining shares on European stock exchanges. This caused a speculation craze in Constantinople where tens of thousands of people bought South African mining shares, a lot of them with money loaned form the Ottoman Bank. This led to a run on the Bank in late 1895 and then a crash in the share values, followed by an international panic and the financial ruin of many of...
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