William Forbes Low

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William Forbes Low
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Born1946
Fife, Scotland
NationalityScottish
CitizenshipScotland
OccupationFinancial expert

William Forbes Low, financial expert in the City of London renowned for his key role in the creation of the eurobonds and Eurodollars markets. Born in Fife, Scotland, in 1946, but the product of a renowned Shetland family.

Career

Low's career began with a post as financial affairs journalist with The Glasgow Herald newspaper in Glasgow. Low then moved to Brussels to work for Reuters on his appointment to the role of financial affairs journalist. In Brussels, he set up and published the finance journal, The International Insider, and was a noted expert in the emerging markets of eurobonds. His market updates and regular surveys of the markets in the International Insider were eagerly awaited by the international investment community.[1][2] and eurodollars [3] His expertise in this field was discussed by the United States Congress[4] and the Soviet Union.[5] Low was a regular contributor to financial publications within the more general field of international finance.[6]

Family

The product of a renowned Shetland family, including the famed Arctic whaler and landowner Christy Tait, and descendant of the former Lord Advocate Sir George Mackenzie of Rosehaugh and the Earls of Seaforth, Bill married Betty, an American. The marital home was initially in Henley-On-Thames, Oxfordshire, before moving to the Isle of Man, then Canada, with an eventual return to Edinburgh, where he died in 2011.

References

  1. Brian Scott Quinn, The New Euromarkets: A Theoretical and Practical Study of International Financing in the Eurobond, Eurocurrency and Related Financial Markets", Macmillan Publishing Ltd. (1975) ISBN 978-1-349-02603-6, p.43 "William Low, in his recent issue of his survey of the on the eurocurrency market, estimated that the total amount of eurodollars employed at the end of 1972 in medium-term bank credits approximated some $30,000 to $50,000 million"
  2. David Kynaston, The City Of London Volume 4, Random House (2015) ISBN 9781448112326, p.100 "May was a month of heightened fears in the Euro markets, as elsewhere, and on the 10th, in the International Insider, William Low poured scorn on the current apocalyptic mood in the finance community citing in particular the unfounded rumours that the that the Swiss banking community was intending to withdraw from the London Eurodollar market. "If some Swiss Swiss banks really believe that the London Eurodollar might be frozen", he pointed out, "then they are ignoring reality. London Euro currency business in London is handled on an external account basis, and even during the dark days of the Second World the British authorities refrained from blocking external accounts.
  3. William F Low, "Hungarian Eurobonds: A Second Attempt", Euromoney, November 1972
  4. Soviet Economy in a Time of Change: A Compendium of Papers, Part 2 By the United States. Congress, Joint Economic Committee, (1979, republished June 2019) p.492
  5. Ibid.
  6. William F Low, Eurostudy: A review of the Eurocurrency, Eurocredit, Eurobond and Euroequity Markets, 1973, ASIN: B0006YCTBS

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