 Grindlay & Co, 54 & 55 Parliament Street, Westminster on 22 August 1899 | |
| Industry | Banking, insurance, financial services |
|---|---|
| Founded | 1828 in London, United Kingdom |
| Founder | Robert Melville Grindlay |
| Fate | Acquired by ANZ Bank in 1984 |
| Headquarters | London , United Kingdom |
Number of locations | 183 (1863-1963)[1] |
Area served |
|
Key people | Notable Chairmen: |
| Total assets | £277.3 million (1963)[1] ~£7.4 billion (2023) |
Number of employees | c.10,000 (1963)[1] |
The historic overseas bank was established in London in 1828 as Leslie & Grindlay, agents and bankers to the British Army and business community in India. Banking operations expanded to include the Indian subcontinent, the Middle East and elements of Africa and Southeast Asia. It was styled Grindlay, Christian & Matthews in 1839, Grindlay & Co from 1843, Grindlay & Co Ltd from 1924 and Grindlays Bank Ltd in 1947 until its merger with the National Bank of India.[1][2]
The National Bank of India was formed in 1863 and became one of the larger London overseas banks operating not only in the Indian sub-continent but in communities around the Indian Ocean. In 1948 it merged with the smaller Grindlays Bank Ltd, renaming itself National and Grindlays Bank Ltd some ten years later.[1] Following further acquisitions, its name was shortened to Grindlays Bank in 1974, and then renamed ANZ Grindlays Bank when it was taken over by Australia and New Zealand Banking Group in 1984.[3] Standard Chartered Bank acquired ANZ Grindlays in 2000, after which the Grindlays name fell out of use.