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Last Updated: Monday, 19 July, 2004, 13:57 GMT 14:57 UK
Banker Sir Julian Hodge dies, 99
Sir Julian Hodge
Sir Julian Hodge founded his own bank and was a well known benefactor
Welsh financier Sir Julian Hodge has died, three months before he would have reached his 100th birthday.

Sir Julian was a self-made multi-millionaire who had grown to become one of Wales' richest people.

The founder of the Julian Hodge Bank in Cardiff died at the weekend, a family spokesman said.

Sir Julian, who lived on Jersey, grew up in the south Wales valleys after his plumber father moved his family from London when he was five.

He progressed from his first job as a railway clerk to study accountancy through correspondence courses and to go into business himself.

He fought to establish Cardiff as a financial centre and set up the Julian Hodge bank which later became the Carlyle Trust bank.

In the 2004 Sunday Times Rich List, Sir Julian, with an estimated fortune of 48m, was named the 18th richest person in Wales.

Philanthropist

At 99, he was also the oldest on the list of Britain's richest 1,000.

He also became a philanthropist, using part of his fortune to set up the Jane Hodge foundation, in memory of his mother .

Sir Julian was fond of "double your money" challenges to charitable causes, matching money raised by members of the public.

He was also a big benefactor of Cardiff University, and helped create the first chair in banking and finance at what was then UWIST in 1970.

Professor Roger Mansfield, director of Cardiff Business School, said Sir Julian had been "exceptionally generous financially".

He said: "I have to say that during my whole time in Cardiff which started in 1976 he was enormously supportive in many other ways in addition to his financial generosity. I feel I have lost a long term supporter and great friend."

Sir Julian also helped fund the Just Say No campaign against devolution ahead of the referendum which set up the Welsh assembly in the late 1990s.

The No campaign was chairman by Sir Julian's son, Robert Hodge.




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