Announcement: NSN trustee, Rory Macnamara, sadly passes away. | newschoolsnetwork.org

Announcement: NSN trustee, Rory Macnamara, sadly passes away.

Thursday, December 22, 2016
It is with great sadness that New Schools Network announce the passing of our trustee, Rory Macnamara.

Rory was a financial consultant advising a number of investors and listed companies in relation to shareholder value. In addition, he held a number of non-executive directorships, including at Alliance Trust plc.

Chair of Trustees, David Ross, said: “Rory was an invaluable source of advice and support since becoming a trustee in 2014. He was incredibly committed to NSN and to the wider free school movement. It is with deep regret we are announcing his passing after a period of illness. Our best wishes are with his family at this time”.

Founder of New Schools Network, Rachel Wolf, added: “Rory was everything you could wish and hope for in a trustee: wise, measured, dedicated to NSN and its success. We were lucky to have him, and hoped to benefit from his insight for many more years. He is an enormous loss to us and to the world”.

Natalie Evans, Director of NSN when Rory joined the board of trustees, said: “Rory was an enthusiastic member of the NSN board and a great supporter of the free school programme.  He was deeply committed to improving our education system knowing the impact excellent schools can have on their pupils.  He will be sorely missed and all at NSN past and present send sincere condolences to his family.”

The thoughts of all connected with NSN are with Rory’s family.

Rory Patrick Macnamara 1955-2016 - "A gentle, kind, very clever, rather shy, lovely chap" friend and fellow NSN trustee, Justin Dowley

  • c 1967 – 1972 Stowe School
  • 1973 went up to Christ Church, Oxford
  • 1976 joined Price Waterhouse
  • 1981 joined Morgan Grenfell –  became one of the leading corporate finance practitioners of his generation. During his time at MG he was seconded for a year or so to be finance director of Eurotunnel to prepare it for flotation
  • 1998 or 1999 joined Lehman Bros – left in 2001/02
  • Thereafter often hired by major London institutional shareholders, like Prudential, to go into quoted investee companies which needed sorting out
  • Became a director or chairman of a number of investment trusts, in particular Alliance Trust as a result of pressure from an activist shareholder
  • Outside work, he enjoyed restoring the fabric and fortunes of the Scottish estate on the River Carron which had been bought by his grandfather, an admiral at one stage stationed in the north of Scotland who enjoyed spending his leave in the Scottish hills. Rory enjoyed fishing and shooting there with his family
  • He was devoted to, and worked hard for, the Grocers’ Company
  • Married Clare Asquith in c 1985, children Freddy, Kate and Flora