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    Banking

    Bank of England Removes Paintings of Governors Linked to Slave Trade

    Published by maria gbaf

    Posted on August 30, 2021

    2 min read

    Last updated: February 14, 2026

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    This image illustrates the Bank of England's decision to remove artworks of governors with ties to the slave trade, highlighting the institution's efforts to address its historical connections to slavery.
    Image depicting the Bank of England's removal of paintings linked to slave trade - Global Banking & Finance Review
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    Tags:insuranceresearchsustainabilityfinancial community

    Bank of England Removes Art Linked to Slave Trade Connections

    By Huw Jones and Carolyn Cohn

    LONDON (Reuters) – The Bank of England said on Friday it has removed 10 oil paintings and busts of seven governors and directors who had known connections to the slave trade in the 18th and 19th centuries and hired a researcher on slavery for its museum.

    The British central bank said following Black Lives Matter protests last year that it would review its art collection.

    “The review is now complete and artworks depicting former Governors and Directors, where we have been able to establish links to the slave trade, have been removed from display,” a BoE spokesperson said.

    “We have also appointed a researcher to work in our Museum to explore the Bank‘s historic links with the transatlantic slave trade in detail. This work will inform future Museum displays interpreting these connections.”

    The portraits and busts depicted Gilbert Heathcote, the Bank‘s founding director and a governor, James Bateman, Robert Bristow, Robert Clayton, William Dawsonne, William Manning and John Pearse. They had been on display within the BoE’s headquarters and adjoining museum.

    Announcing the review in June 2020, the BoE said it had never itself been directly involved in the slave trade, but that it was aware of some “inexcusable connections” involving former governors and directors, and apologised for them.

    The 330-year-old Lloyd’s of London insurance market advertised in February for an archivist whose tasks would include researching artefacts related to the African and Caribbean history of slavery and abolition.

    The City of London, where both financial institutions are located, is itself reviewing what to do about the statue of William Beckford in its ancient Guildhall home.

    Beckford was twice Lord Mayor of London in the 18th century and had plantations in Jamaica with slaves.

    (Reporting by Huw Jones and Carolyn Cohn, Editing by Catherine Evans)

    Frequently Asked Questions about Bank of England removes paintings of governors linked to slave trade

    1Why did the Bank of England remove the paintings?

    The Bank of England removed the paintings due to their connections to the slave trade, which were established during a review following the Black Lives Matter protests.

    2What actions will the Bank of England take after the review?

    The Bank of England has appointed a researcher to explore its historic links with the transatlantic slave trade, which will inform future museum displays.

    3What was the historical context of the removed artworks?

    The artworks depicted former Governors and Directors of the Bank of England who had known connections to the slave trade in the 18th and 19th centuries.

    4What other institutions are reviewing their historical connections?

    Lloyd's of London is also reviewing its historical artefacts related to the African and Caribbean history of slavery.

    5What is the significance of the statue of William Beckford?

    William Beckford, who was twice Lord Mayor of London, had plantations in Jamaica with slaves, and his statue is under review by the City of London.

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