- Ivan Massow
Ivan Massow (born 1967) is an entrepreneur and British Businessman, once chairman of
London's Institute of Contemporary Artsand now a Film Director, Producer and Writer. In 2007, following a disastrous litigation with insurance giant Zurich over a fallout regarding the collapse of his gay insurance company, he allegedly lost his fortune, attempted suicide, and went completely under the radar and out of public life. He currently lives in Barcelona.
Born Ivan Field, Ivan Massow was adopted by a bachelor called John Massow. After a difficult upbringing and coming out as a homosexual his natural father asked him to change his name. His long-term boyfriend, James Knight, committed suicide on the only night they'd been apart since meeting. James was on medication for depression. The inquest found that the 'ecstasy punch' he'd been given that evening at an ex-partner’s birthday party had reacted badly with his proscribed Prozac medication. He jumped from a third floor window of a friend’s house at 3.15am, and was pronounced dead on arrival to the hospital. Massow subsequently went on to chair the Mental Health and Social Inclusion Inquiry for MIND, the mental health charity.
In 1999 the press ran stories that Massow wanted to have a baby with gay comedienne,
Jackie Clune, but this never happened. Massow explained that it would have been "unfair on the child". Massow has fostered three children, and is seen as an urban dandy (with celebrity friends). His flatmates were for a time were Conservative columnist, now Tory front-bencher, Michael Goveand head of Torypolicy and Conservative London Mayoral candidate Nicholas BolesMP, a situation Massow described as "Tory Friends".
Massow's status in the gay community was severely damaged by his public support for
Fox Hunting— he has been field Hunt Master and Joint Master of the Cokeham Bloodhounds. He has also owned race horses. He was a founder member of the ‘No Euro’ campaign, but has since publicised his support for the Euro (most recently as guest political editor New Statesman, May 2007).
Massow is severely
dyslexicand left education with an O-levelin metalwork in Brightonand a BTECin art and design in Eastbourne. He started work in the insurance industry in Bristol, where he worked for Friends Provident. Within a few years, he had become very successful. As a 'closeted' homosexual working within the financial services industry, he experienced first-hand the homophobia that epitomised the early 1990s mortgage and life assurance industry, and decided to do something about it. Massow was angry that gay men were penalised for their sexuality when they applied for financial services: in a time of increasing HIVrates, gay men were seen as high risk and required to pay much higher premiums than other customers, whatever their circumstances. These premium increases averaged 400%, but could be as high as 600%. In addition, gay men would be required to give full details of, not just their relationships, but their sexual practices. They would then have to undergo a full medical examination and an HIV test and despite this, successful applicants (and many were refused cover by insurers automatically), would still find themselves listed on the ABIs ‘impaired life register’ (a black-list shared by insurers). Finally, the fact that they’d been made to go for an HIV test would prejudice all future applications. Worse still, there were no effective drugs for combating HIV at the time. This meant that such a diagnosis was a ‘death sentence’ which many didn’t want to receive from an insurance company, if at all.
In 1990, Massow started a financial services business from a squat in
Kentish Town, north London, because he couldn't find funding for his idea. Having worked in the industry, he was able to source ways for gay people to take up mortgages and insurance at equal rates; rather than suffer the standard rejection, or massive increases in premiums that were levied by every insurer. Massow did this by researching how the various insurance computer ‘automatic underwriting systems’ operated. He then smuggled clients through the maze. If a homosexual fell outside of these computerised anomalies and were underwritten by an employee of the company, rejection was the most likely outcome (and with that the loss of any hope of buying a home) or huge premiums levied, usually making a mortgage unaffordable; especially when you factor in interest rates at almost 16%. It must be remembered that life cover was a mandatory requirement for people applying for a mortgages (for most companies) until as late at 1997. The first company to relax the requirement for life assurance was a division of the Cheltenham and Gloucester building society in 1994.
Critics say that he was just cashing in on the "
pink pound" to become a millionaire. Others say he created the idea of the pink pound. Regardless, Massow is still remembered by the gay community as someone who successfully confronted the major companies to offer solutions at a time when no one else dared to be associated with this community. His firm became the 10th largest IFA in the UK by 1997, valued by Catalyst Fund Managent Ltd at £22m, a VC company which owned a 26% share in the business.
Massow also had a high profile failure. Among many ventures, he was an investor in the magazine "Phaze" in March 1994, but the venture collapsed and was, as Massow himself joked, "just a phase". In 1996,
venture capitalists Catalyst invested in Massow Financial Services. By doing so, Massow secured his company's reputation as the premier supplier of financial services to gay men and women. In 1999, the firm entered into a reverse-takeover with company Rainbow Finance (its main competitor), as Massow sought to reduce his day-to-day involvement. Rainbow Massow later collapsed, and in 2001. Massow returned to the business to rescue the business, returning it to profitability, which he later sold to his employees for just £100; fulfilling his ambition to reduce his involvement, and by way of thanks to staff who had withstood the roller coaster ride of an unsuccessful merger followed by a later disastrous partnership with Zurich Life, still being argued about in the High court at Bristol.
In addition to many media appearances (having been the entrepreneurial 'expert' in magazines such as FHM and Esquire through to TV shows such as the Big Breakfast and Richard and Judy), in autumn 2005 Ivan Massow entered into a one year challenge on the
Channel 4television series "Make Me A Million"; acting as investor and adviser to a start-up business, Halos n Horns; a children's shampoo. His competitors were Emma Harrison and Chris Gorman. Massow won the challenge as his business was selected by the judges, Luke Jonson and Stelios Haji-Ioannou, as the most valuable and with the highest prospects for growth. The judges were impressed by the fact that Halos and Horns had already become the UK's second largest children’s shampoo manufacturer, even before the programme had been aired.
Although the idea had been given to Massow by his hairdresser, Joe Mills (who was rewarded with shares), the company and its success are credited to Leila Wilcox the MD, around whom the concept and branding Massow had modelled. She remains the active party and face of the brand. Since the sale of the business to Ceuta, Wilcox and Massow remain friends and are developing new business concepts.
Massow had joined the Conservative Party as a teenager and was Chairman of his local
Young Conservativesat 14. He became friends with prominent Conservative politicians and was feted as a rare gay Tory. His money and good looks increased his visibility and association with top politicians. In 1999, Massow was Lady Thatcher's escort at the Conservative Party Conference. In an interview with Attitude Magazine in June 2007, Massow revealed the fact that he had allowed his involvement with the Tory party to be blown out proportion to attract public attention. His re-involvement, after tepid involvement as a teenager, was part of a personal plan hatched by him and his flatmate, Nicholas Boles, to use their whit and his profile to convince the party to modify and remove issues such as prejudice, in whatever form, as an election stance. Their other flatmate, Michael Gove, also supported the repeal of section 28. Blair had taken the centre ground from the Tories.
Massow had been active on gay issues. The Conservatives had seemed a strange choice, but Massow, despite his reasons for becoming re-involved, supported them on economic matters and felt that the Labour Party had its fair share of homophobes. Moreover, he wanted to put issues of intolerance, such as homophobia, behind them and end discrimination across the spectrum of political parties. However, he felt that his erstwhile friend
William Hague's support for Section 28, a measure preventing the promotion of homosexuality in the classroom, was a step in the wrong direction. Many espousing "compassionate conservatism" were tested by this policy and other gay rights matters, leading to the defection of Shaun WoodwardMP to Labour and John BercowMP's resignation from the frontbench. Likewise Massow wanted to shame the party into change.
Massow failed to change the party as he'd hoped and finally did this by following Woodward into the Labour Party in 2000, where he was welcomed by longtime friend
Mo Mowlam. Indeed, there was a large amount of press interest in his change of party, despite him having never held elected office or even stood for Parliament. However, his time in Labour was short-lived, he had no party political ambition. He resigned and attempted to stand again as Mayor of London in 2004 with his own movement " [http://www.changelondon.org/ Change London] ", although his name in the end never made it onto the ballot paper, his ‘Change London’ campaign brought to the attention of the government and the mayor's office the potential long term effects on business of under-funding in transport and crime prevention. These were later incorporated into the Mayor's own campaign manifesto.
In 1999, Massow became Chairman of London's influential Institute of Contemporary Arts. In January 2002, he wrote an article in the "
New Statesman" magazine attacking his colleagues in the art world. He described contemporary conceptual art as "all hype and frequently no substance" and "the product of over-indulged, middle-class, bloated egos who patronise real people with fake understanding". He called the ICA a "pillar of the shock establishment". He attacked Tracey Eminsaying she "couldn't think her way out of a paper bag". Although Massow was effectively sacked by the ICA for his comments, they marked a turning point in the arts debate which saw the arts world change direction from the purely conceptual work which had dominated the arts scene being unchallenged. Within a year, even government art ministers were echoing his statements, and the Turner Prize completely altered its nomination criteria. Subsequent winners included traditional craft-based artists such as the potter Grayson Perry.
By February, Massow had resigned, forced out by the ICA Council. Subsequent interviews with Massow revealed that this was likely anyway, given his uncomfortable relationship with the ICA Director and his views on art. He has described the art world as bitchy and superficial, although he claims to actually like much conceptual art and acted in order to redress the imbalance between support for conceptual and "traditional" arts in the British art scene.
Massow subsequently set up the
Institute of Contemporary Culture, a forum for artists supposedly free from "orthodoxy".
Massow's relationship with the media started at the age of 21, when his good looks and charismatic appeal gained him the role of Financial Adviser at the launch of Channel 4's 'The Big Breakfast'. His entrepreneurial flair, far-sighted visionary style and often controversial opinions have meant that he's had a lengthy media career. His involvement in areas of public life from human rights issues to property restoration have meant that he is often consulted as a TV pundit.
Massow frequently writes in the UK press; from articles in broadsheets, including features in the "Guardian" or the "Daily Telegraph" and the 'Thunderer' column in the "Times", to being an occasional comment writer for broad-sheet newspapers and magazines ranging from the "New Statesman" and "The Spectator" to "FHM" and "GQ". He currently writes a monthly business advice column in "Esquire" magazine.
Massow makes regular appearances on national television, from being the 'Entrepreneurial Expert' on "Richard and Judy" to shows such as Mariella Frostrup, BBC's "Question Time" and "Newsnight". He was the subject of "Inside the Mind of a Millionaire", a BBC documentary about entrepreneurship which featured his prison work. He was also the winner of "Make Me a Million" on Channel 4 in November 2005, a competition between 3 teams led by prominent entrepreneurs to 'make a million' in a year from a start-up company.
Ivan is also a regular spokesman on national TV and radio on subjects from finance and gay rights to culture and mental health issues. Ivan is also regularly invited to speak at conferences and public meetings on entrepreneurship, human rights, art and social inclusion within the work place.
Massow has been involved with a number of charity initiatives since starting his business in 1990. This includes becoming the first mainstream business to sponsor London's Gay Pride festival at a time when it was largely shunned by commercial enterprises.
Charity involvements and initiatives include founder/sponsor of ‘Insurance for Survivors’ – a coalition of four major charities whose aim is to increase awareness within the financial services industry of the problems encountered by survivors of mental health issues, cancer and major transplants. He was Chairman of MIND's inquiry into mental health and social exclusion and creator / coordinator of a Pre-Release scheme helping prisoners to start businesses for the Prince’s Trust. This led to Massow giving lectures at Feltham YOI to prisoners interested in entrepreneurship.
He is a member of the ‘Entreprenologists’, a group which investigates what defines an entrepreneur and how government can encourage/assist entrepreneurship in the UK. He is a Trustee of the ‘Entrepreneur’s Working Party’, a DTI/Treasury inspired initiative. This position inspired him to approach the Prince’s Trust to create the prisons programme.
Massow is also creator/sponsor of the ‘Jake Network’ (www.jaketm.com), a social/professional network in the UK which holds over 300 events a year in London for gay professionals, though he is known to keep a low profile and rarely attends events.
Massow was a Patron of REGARD – a charity/support group helping gay people with physical disabilities. He founded of the April Bombing Appeal which raised cash for victims of the nail bombs in Soho, Brixton and Brick Lane in February 2000, raising cash to provide wheelchair access in homes and financial support for people unable to work as a result of their injuries.
Massow was a founder member of the ‘Me Too’ anti-violence campaign with Elizabeth Vallance, Rabbi Julia Neuberger and Lord Saatchi. The campaign aims to provide a voice for people who want to promote social, racial and cultural difference as part of the UK national identity.
Massow was a former member of the Samaritan’s central marketing/fundraising team working on the Ambassador’s Project and is a trained Samaritan. He is involved in a number of social and charity organisations and campaigns and a consultant to committees such as Stonewall and GALOP. He is Patron of the Salon des Arts – a gallery devoted to giving unknown artists a stage.
In the past Massow has sponsored a number of organisations including the Covent Garden Arts Festival, Stonewall FC (1st and 2nd teams) and the Terrence Higgins Trust, as a ‘Friend for Life’. Massow was the main sponsor for the 2001 Stonewall Equality Dinner at the Savoy. He has also sponsored many gay pride events around the UK.
* [http://www.jaketm.org/ JakeTM Gay Business Network of which Massow is CEO]
* [http://www.changelondon.org/ Change London] Ivan Massow's organisation for
London mayoral election, 2004
* [http://news.bbc.co.uk/1/hi/uk/862806.stm BBC story on defection to Labour]
* [http://www.guardian.co.uk/uk_news/story/0,3604,645147,00.html Guardian article on ICA resignation]
* [http://www.moneyweek.com/file/35728/ivan-massow.html The rise and fall of Ivan Massow] ,
MoneyWeek, 28 September 2007
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