London’s City University will rename its prestigious Cass Business School in honour of statistician Thomas Bayes – due to Sir John Cass’s links to slavery.
The business school, in Islington, London, was named after the 17th Century merchant in 2001 following a donation from the Sir John Cass Foundation.
It pledged to remove any association to its namesake Sir John Cass last July when it emerged the merchant had obtained much of his wealth through the slave trade.
The department will be formally renamed the Bayes Business School on September 6, until when the institution will be referred to as the Business School (formerly Cass).
The Sir John Cass Foundation, established in 1748 to support disadvantaged young people across London, has also been renamed The Portal Trust.
The Business School has also set aside £5million from its scholarship budget to fund full tuition fees and a £6,000-per-year stipend for black students.
London’s City University will rename its prestigious Cass Business School (above) in honour of statistician Thomas Bayes – due to Sir John Cass’s links to slavery
This is the same amount of money as the department was given by The Portal Trust when it was established 20 years ago.
The announcement comes a day after Derek Chauvin was found guilty of the murder of George Floyd, whose death at the hands of a police officer in Minneapolis sparked the Black Lives Matter movement.
Protests have since spread across the globe, with statues of historic figures linked to the slave trade toppled and the names of streets, buildings and schools called into question.
The Sir John Cass Redcoat School in London was renamed Stepney All Saints School in the wake of the movement, and Cassland Road Gardens in Hackney is under consultation for a new moniker.
The Sir John Cass School of Art, Architecture and Design at London Metropolitan University has also removed the 17th century philanthropist’s name from its title.
Cass is described on the Portal Trust’s website as ‘a City of London politician and philanthropist, who bequeathed the vast majority of his properties and fortune to the endeavour.’
The business school, in Islington, London, was named after the 17th Century merchant in 2001 following a donation from the Sir John Cass Foundation. Pictured: A statue of Sir John Cass in London
The Business School will be named after mathematician and Presbyterian minister Thomas Bayes from September 6
However, he was also heavily involved in the early development of the slave trade and the Atlantic slave economy.
Cass dealt directly with slave agents in the African forts and in the Caribbean and was a member of the Court of Assistants of the Royal African Company between 1705 and 1708, which helped develop and sustain the slave trade.
The Business School will be named after mathematician and Presbyterian minister Thomas Bayes from September 6.
The moniker was chosen following weeks of consultation, with City University explaining the decision was based on a ‘comprehensive and transparent’ process in which more than 8,000 students and alumni gave feedback on potential names.
Bosses explained that Bayes emerged as the ‘clear favourite’, adding the theologian’s grave is in Bunhill Fields – opposite the Business School.
Thomas Bayes (above) was the ‘clear favourite’ to become the Business School’s new namesake
A statement added: ‘Bayes’ theorem suggests that we get closer to the truth by constantly updating our beliefs in proportion to the weight of new evidence.
‘It is this idea – not only the person – that is the motivation behind adopting this name.’
Bayes was born in Hertfordshire in 1702, the son of London Presbyterian minister Joshua Bayes. He studied at the University of Edinburgh before becoming a minister himself in Tunbridge Wells, Kent.
He is best known for the Bayes’ theorem, which describes the probability of an event based on prior knowledge of conditions that might be related to the event.
Professor Sir Paul Curran, City’s president, told the Financial Times: ‘The renaming of the business school marks the start of a new chapter in City’s history, but certainly not the end of our work to address racial inequality.’
Bayes’ alma mater gave his name to a £45million research centre connected to its informatics department in 2018. Edinburgh did not contest the naming of the Bayes Business School.
Bayes was born in Hertfordshire in 1702, the son of London Presbyterian minister Joshua Bayes. Pictured: Cass Business School in Islington, London
Other names considered by City University include Quaro Business School, using the Latin for ‘to seek to know,’ Mais Business School after former London Mayor Alan Mais and the City of London School of Management.
Speaking of the decision to rename, the Business School said: ‘In June 2020, we found out through media reports looking into the history of prominent London philanthropists that our namesake, Sir John Cass, had strong connections to the slave trade.
‘Discovering the truth about our namesake genuinely came as a shock.
‘In 2001, when we accepted the donation of £5 million pounds to fund our new building and agreed to adopt Sir John Cass’s name, we carried out due diligence on the Sir John Cass Foundation, which funds educational opportunities for underprivileged communities in East London.
‘We did not look at the man who was the source of the Foundation’s wealth and what taking Sir John Cass’s name might imply – that is a source of sincere regret.’
Julia Palca, head of the City Council, previously said: ‘We acknowledge the great pain and hurt caused to members of our City and business school community and to many black people by the association of the school’s name with the slave trade.
‘Any continued use of Sir John Cass’ name would be seen as condoning someone whose wealth in part derived from the exploitation of slavery.
‘This is incompatible with our values of diversity and inclusivity. We have therefore taken the decision to remove the name.’
