George Rowland Stanley Baring, 3rd Earl of Cromer, KG

https://en.wikipedia.org/wiki/Rowland_Baring,_3rd_Earl_of_Cromer

Lieutenant-Colonel (George) Rowland Stanley Baring, 3rd Earl of Cromer, KG GCMG MBE PC (28 July 1918 – 16 March 1991), styled Viscount Errington before 1953, was a British banker and diplomat. After serving during the Second World War, he was Governor of the Bank of England (1961–1966) and British Ambassador to the United States (1971–1974).

Early life and military career

The eldest son of the 2nd Earl of Cromer and his wife Ruby Elliot-Murray-Kynynmound, he was educated at Eton and Trinity College, Cambridge, where he left after a year. He served with the Grenadier Guards during the Second World War, where he gained the rank of Lieutenant-Colonel and became a Member of the Order of the British Empire.

Banking and diplomatic career

After serving as private secretary to the Freeman Freeman-Thomas, 1st Marquess of Willingdon in 1938, he joined Barings Bank, founded by his ancestor Sir Francis Baring, as a clerk. After military service during the war, he was managing director of Barings between 1949 and 1959 He then served as Economic Minister at the British Embassy in Washington as well as holding executive directorships at the International Monetary Fund, the International Bank for Reconstruction and Development, and the International Finance Corporation.

In 1961, he was appointed Governor of the Bank of England, a position he held until 1966. During his governorship, he clashed with the incoming Labour Prime Minister, Harold Wilson, over Cromer's desire to see government spending contained, which may have contributed to his decision not to seek a second term. He was subsequently appointed to the Privy Council. He was responsible for the Cromer Report into Lloyd's of London.

From 1971 to 1974 he served as British Ambassador to the United States. Following his appointment he became a Knight Commander of the Order of St Michael and St George, and was raised to the rank of Knight Grand Cross in 1974. He was a Governor of the pro-NATO Atlantic Institute, and a member of the Pilgrims Society executive committee.

In 1977, he was made a Knight of the Garter.