Edward Bramson
Edward John Michael Bramson is the chief executive officer and principal at Sherborne & Company Incorporated, described as an "activist investor" and "corporate raider". Among the companies targeted by Sherborne have been Electra Private Equity, and investment company Foreign & Colonial Investment Trust.
On 19 March 2018 Sherborne Investment Management announced that it had acquired the voting rights to 5.16% of Barclays shares effectively making Sherborne the bank's fourth largest shareholder behind the Capital Group, the Qatar Investment Authority and Blackrock. Sherborne's investment came after Barclays had announced a string of losses in the previous year including a £1.9 billion net loss on Payment Protection Insurance settlements and a £2.5 billion write-off of its African Business.
In April 2019, Sherborne Investors LP wrote to Barclay shareholders asking for their support in its request to vote Mr. Bramson onto Barclay PLC's board as a non-executive director. Central to this request was Sherborne's contention that Barclays' Corporate and Investment Bank under-performed peers producing a -29% total return while UK comparables returned +3% and other CIB peers returned +74%.
In May 2019, Barclays' shareholders voted against Bramson joining the board.
Bramson was born in Paddington, London but emigrated to New York in 1975.
