Clive Richards, CBE, Financial and technology entrepreneur, philanthropist born 1st September 1937, died 16th April 2021 Twenty years before the Big Bang in the City of London in 1986, there was a small but important bang at the City offices of Wedd Durlacher Mordaunt & Co.
Extract from obituary published in Times newspaper on 1st July 2021at https://www.thetimes.co.uk/article/7a71c506-d9cc-11eb-8f14-0bb645f59db0?shareToken=3b74eedfc49523fed3df4d7d3db2fab7
“In 1966 the stock-jobbing company exemplified the traditional image of the gentleman stockbroker who did most of his business over a long lunch. But Clive Richards, the managing partner, signalled the electronic revolution that was to come by buying a LEO (Lyons Electronic Office) III, the first computer in the City of London for £140,000 (£2.7 million in today’s money). Richards continued to invest heavily in information technology in the Seventies after he moved on to Rothschild Investment Trust, financing the development of the Datasolve Computer Bureau, a mainframe computer that was hired out by companies.