Thomas Coutts

Thomas Coutts (7 September 1735 – 24 February 1822) was a British banker. He was a founder of the banking house Coutts & Co. Early life Coutts was the fourth son of Jean (née Steuart) Coutts and John Coutts (1699–1751), whose business in Edinburgh was as a corn factor and negotiator of bills of exchange, and in 1742 was elected lord provost of the city. The family was originally of Montrose, but in about 1696 one of its members settled in Edinburgh, where in due course Thomas was educated at the Royal High School. Career Soon after the death of John Coutts the business was divided into two branches, with one continuing in Edinburgh, the other in London. The London banking business was in the hands of Thomas and his brother James, an MP. Following the death of his brother in 1778, as surviving partner Thomas became sole head of the firm, and it was under his direction the banking house rose to the highest distinction. His ambition was to establish his character as a man of business and make a fortune, and he lived to succeed and enjoy his reputation and wealth. A gentleman in manners, hospitable and benevolent, he counted amongst his friends some of the literary men and the actors of his day. Of the enormous wealth which came into his hands he made munificent use. Personal life In May 1763 he married Susannah Starkey (variously reported as Elizabeth, Betty, or Susan), a young woman whose origins were humble. She was in attendance on the daughter of his brother James. They appear to have had a happy marriage, and had three daughters: