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Maurice Samuel Ostro
Born (1965-02-16) 16 February 1965 (age 59)
NationalityBritish
Education Oxford University, Wadham College
OccupationEntrepreneur & Philanthropist
Known forBusiness, charity and interfaith relations
SpouseKaty Ostro
ChildrenEliana Ostro, Tamara Ostrowiecki and Michael Ostro

Maurice Samuel Ostro OBE (born 16 February 1965) is a British entrepreneur and philanthropist. His business interests have included gemstones, media distribution, property, frozen yogurt, airline catering and logistics. [1] His philanthropic activities include supporting entrepreneurship, interfaith relations and economic development.

Ostro was awarded the OBE ( Order of the British Empire) in 2014, for services to business, charity and interfaith relations. [2] [3] He has also been appointed a KFO (Knight of the Royal Order of Francis I). [4]

Education

Ostro is an alumnus of the Gemological Institute of America, Harvard Business School and New York University. In 1987 he gained a Masters in Jurisprudence at Oxford University’s Wadham College and was then admitted to the New York Bar in 1988. [5]

Business career

Ostro started his career in the gemstone industry after becoming a graduate gemologist in the early 1980s.

In 1992, he founded a frozen yogurt company called Glasay International PLC. The company became the largest supplier of frozen yogurt to the airline sector. [6] [7] Glasay was sold in 2001. [8]

He founded Air Fayre, an airline catering company in 1999. [9] [10] [11] Air Fayre was sold to Watermark PLC in 2004. [12] [13] [14]

In 2002, Ostro founded Media on the Move, to supply media content to airlines, shipping companies and train lines. [15] [16] [11] It was sold to Watermark PLC in 2003. In 2006, with Ostro already serving as managing director of two of the company’s divisions, Watermark appointed him as its CEO. [17] [18]

Upon his Father’s death in 2010, Ostro assumed responsibility for the UK operations of the family gemstone business, Ostro Minerals. [19] [20]

Philanthropy

Ten percent of Ostro’s companies’ profits go to charities. He's also the founder of the charity, the Ostro Fayre Share Foundation. [21]

In 2008, Ostro became a Vice Chair of the Council of Christians and Jews. He was the initiator and Organising Committee Chair for the then London Mayor Boris Johnson's first Interfaith Conference in 2010. [22] Ostro then instigated and funded the creation of the Faiths Forum for London. [20] He also created Entrepreneurial Giving, a movement that encourages businesses towards charity work. [23]

In 2014, Ostro funded and supported the co-location of multiple charities working in the same sector through the creation of a charitable working space called Collaboration House. [24] [25] Working with some of these charities and the Ministry of Housing, Communities and Local Government (MHCLG), his foundation provides training to over 800 religious institutions, through a nationwide initiative called Strengthening Faith Institutions (SFI). [26]

In the wake of COVID-19, Ostro formed the Business Action Council (BAC), a coalition of multiple business organisations in the UK, developing recommendations for the Government on assisting small businesses and entrepreneurs. [27] [28] [29]

Governmental experience

Personal life

Maurice is married to Katy.

References

  1. ^ "Maurice and Katy Ostro: Serial Entrepreneurs; Philanthropists; Co-Founders, Entrepreneurial Giving". JA Worldwide. 31 August 2018. Retrieved 17 November 2020.
  2. ^ [1] Cabinet Office 13 June 2014, Retrieved on 16 June 2014
  3. ^ Guardian Staff (13 June 2014). "Queen's birthday honours list 2014: OBE". The Guardian. Retrieved 23 March 2021.
  4. ^ Sacred Military Constantinian Order of Saint George [2], Sacred Military Constantinian Order of Saint George, Retrieved on 16 June 2014.
  5. ^ Wadham College [3], 9 December 2013, Retrieved on 17 June 2014
  6. ^ EP 0940352B1, Ostro, Maurice Samuel, "Box for products to be kept cold and use of such a box", published 2003-06-18, assigned to Polygon Enterprises International Ltd. and inventor 
  7. ^ Council, Design. "TONY BLAIR UNVEILS FINAL MILLENNIUM PRODUCTS /PR Newswire UK/". www.prnewswire.co.uk. Retrieved 2 September 2016.
  8. ^ Rebecca Hoar [4] Management Today 2001, Retrieved on 16 June 2014
  9. ^ [5] Air Fayre LTD 2008, Retrieved on 15 June 2014
  10. ^ "Journey Group taking off with airline catering". Proactiveinvestors UK. 5 December 2014. Retrieved 23 March 2021.
  11. ^ a b "Our History - Journey Group Plc". www.journeygroupltd.com. Retrieved 17 November 2020.
  12. ^ [6] Journey Group Plc, 2014, Retrieved on 14 June 2014
  13. ^ [7] Journey Group PLC 21 July 2003, Retrieved on 17 June 2014
  14. ^ "Watermark Group PLC | Acquisition | InvestEgate". www.investegate.co.uk. Retrieved 23 March 2021.
  15. ^ Media on The Move Limited [8] Media on The Move Retrieved on 16 June 2014
  16. ^ "Menzies Distribution and British Airways power-up for new in-flight and executive lounge newspaper and magazine distribution contract". Menzies Distribution. 8 September 2019. Retrieved 17 November 2020.
  17. ^ [9] Watermark Group PLC 2013, Retrieved on 14 June 2014
  18. ^ [10] Watermark Group PLC 26 May 2006, Retrieved on 14 June 2014
  19. ^ "Topaz specialist honoured with an OBE". JEWELLERYNET. Retrieved 30 March 2021.
  20. ^ a b Admin. "Maurice Ostro OBE KFO". Faiths Forum. Retrieved 23 March 2021.
  21. ^ "Jewish family foundation gets £1m from government to promote vaccine take-up". www.thejc.com. Retrieved 30 March 2021.
  22. ^ Pickard, Jim (10 November 2020). "Friend of Boris Johnson forms group to link business with Downing Street". Financial Times.
  23. ^ "Meet Maurice Ostro, the father of entrepreneurial giving". www.spearswms.com. 22 January 2018. Retrieved 23 March 2021.
  24. ^ "A Passion for Purpose-Led Business". YPO. 22 January 2019. Retrieved 23 March 2021.
  25. ^ "Collaboration House - Ostro® Topaz". Ostro Topaz. Retrieved 23 March 2021.
  26. ^ "Mr. Maurice Ostro OBE KFO". London Family Office Conference. 9 March 2020. Retrieved 23 March 2021.
  27. ^ "Business organisations form new coalition in 'unprecedented' move | TheBusinessDesk.com". West Midlands. 6 May 2020. Retrieved 23 March 2021.
  28. ^ Hurley, James. "Business joins together to speak as one". The Times. ISSN  0140-0460. Retrieved 23 March 2021.
  29. ^ Clawson, Trevor. "Action Points—Bringing U.K. Business Together In Pursuit Of An Entrepreneur-Driven Recovery". Forbes. Retrieved 23 March 2021.
  30. ^ [11] British Prime Minister's Office 27 January 2014, Retrieved on 14 June 2014
  31. ^ "Holocaust Commission Report Britains Promise to Remember" (PDF).
  32. ^ [12] Prime Minister's Strategy Unit January 2005, Retrieved on 14 June 2014
  33. ^ [13] National Employment Panel May 2005, Retrieved on 14 June 2014