City of Money

Edinburgh has a well-earned reputation as a city of money. From the late 17th Century onwards. Edinburgh witnessed innovation in all areas of financial services. Its banks, assurance offices and investment trusts have been world leaders and their business models have been copied in many parts of the world. Scottish…

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The frieze above the Corinthian columns at the entrance to Merchants Hall, showing carvings of unicorns, a galleon, the Saltire and thistles
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Event details

3.30pm - 4.30pm (40 minute lecture with time for questions afterwards)
24th March
Free, but pre-booking is essential. Booking details to be confirmed.
Indoor venue with full accessibility ground floor access with ramp. Accessible toilets in the basement accessible by lift.

Edinburgh has a well-earned reputation as a city of money. From the late 17th Century onwards. Edinburgh witnessed innovation in all areas of financial services. Its banks, assurance offices and investment trusts have been world leaders and their business models have been copied in many parts of the world. Scottish financiers have been a significant part of the Scottish diaspora as they travelled to many countries to create new institutions and practice their professions. Along the way they have created professional bodies designed to maintain standards and educate the next generation. These standards have been much copied in other countries and their leadership has been maintained into modern times.

Professor Charles Munn OBE FCBI, will take us on a fascinating journey through the development of financial services which has brought so much wealth and success to our city – a role which continues today.

Professor Charles Munn OBE FCBI

Professor Munn taught business and financial history at the University of Glasgow in the 1980’s before becoming Chief Executive of the Chartered Institute of Bankers in Scotland in 1988. He remained at the Institute until his retirement in 2007 having served as President of the European Bank Training Network and Chairman of the Quality Assurance Agency for Scotland. He is author of six books on the History of Financial Institutions in Scotland and co-author of a book on ethics for bankers. He was Chair of the Church of Scotland Special Commission on Economics.

Booking details to be confirmed.

An interior shot of Merchants Hall showing a parquet floor, white and gilt porticos and cornices, a chandelier and a glimpse of a cupola
The cupola at Merchants Hall, with a lit chandelier
A gold galleon on a dark wood plinth, with saltires flying from the three masts, and fore and aft
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The Royal Company of Merchants of the City of Edinburgh

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The Royal Company of Merchants of the City of Edinburgh is a charitable organisation for business and professional people dedicated to education and the support of both the young and the elderly throughout the city. It has been enriching the life of Scotland’s capital for more than 340 years and continues to play a central role in both the civic and ceremonial life of the city.

It can trace its roots as far back as the Guilds of the 13th and 14th centuries which were formed to protect the business and trading rights of merchants in the city. However, the origin of today’s Merchant Company began with the granting of its Royal Charter by King Charles ll in 1681. Since then, it has had a wonderful history rich in philanthropy, adventure, enterprise, and bold decisions taken by its distinguished list of members, many of whom went on to achieve fame and fortune leaving their mark on Edinburgh, Scotland and indeed the UK.

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