| Code | DS/UK/262 |
| Surname | Sandeman |
| Forenames | Albert George |
| Dates | 1833 - 1923 |
| Epithet | Deputy Governor (1894 - 1895); Governor (1895 - 1897) |
| Activity | Albert Sandeman was born in Middlesex on 21st October 1833. He was educated at Eton College and in about 1851 joined the wine merchant firm of his great uncle, George Sandeman. On his father's death in 1868, Sandeman became head of George G. Sandeman, Sons & Co.
In 1866 he was appointed a Director of the Bank of England, a position he retained until 1918. From 1893 he served on the Bank of England's Committee of Treasury; he was Deputy Governor in 1894–5 and Governor from 1895 to 1897. 'His period of office as governor was also a time of extra-cheap money, when the bank's earnings and reserves fell sharply. Having as deputy governor been responsible for supervising the bank's branches, he actively prodded the branch agents into seeking new and profitable business. Moreover, he rebuffed attempts by the chancellor of the exchequer, Sir Michael Edward Hicks Beach, to investigate the bank's management system following the sacking of its chief cashier for irregularities'.
Sandeman died of bronchitis in Sussex on 6th January 1923. |
| Source | Oxford Dictionary of National Biography |
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