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Reed expanded into new divisions and set up specialist recruitment firms, including what became known as Reed Health, Reed Finance and Reed Computing, among others. All were established under a holding company (Reed Executive). By 1979 the company had returned to profitability, achieving £3.1m on a turnover of £32m.
Reed was born on 12 April 1963 in Woking, Surrey, one of three children of Alec and Adrianne Reed. [5] Reed attended Scaitcliffe prep school and later St Paul's School, London. He graduated from Christ Church, Oxford in 1984 with a degree in Philosophy, Politics and Economics (PPE). Subsequently, he gained an MBA from Harvard Business School.
Waddell & Reed Financial, Inc. was an American asset management and financial planning company founded in 1937 in Kansas City, Missouri.It was a publicly traded company from 1998 to 2021, and briefly had its headquarters in Overland Park, Kansas, and was planning a move back to Downtown Kansas City before the company was sold.
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Reed subsequently underwrote a two-year project to develop the kebeles, and arranged pledges for additional financial assistance from Water Aid, Help the Aged and Band Aid. Ethiopiaid has gone on to donate £28m in funding and match-funding. The charity now partners with around 14 local Ethiopian organisations, providing around £2m in donations.
In the 1950s Reed Group acquired Thompson and Norris Manufacturing Co, Holoplast Ltd on Reed's Aylesford site. [11] Albert Edwin Reed's son, Sir (Albert) Ralph Reed (1884-1958) [12] worked at Reed Paper Group until his retirement in 1954. [13] With his retirement from the company, it ended the era of Reed family control. [13]
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