Jim Bain, a giant of stockbroking

Jim Bain, a major figure in Australian stockbroking and pioneer of the screen trading revolution that led to the formation of the ASX, died in Sydney’s Lulworth House aged care facility on September 9, weeks after sustaining a heavy fall. He was 92.

Cheerful, direct, a strong family man and a workaholic, Bain built up his family stockbroking firm of BainJim Bain was a giant of Australian stockbrokingHe was also active in the Liberal Party, was the key backer behind the establishment of the conservative Sydney Institute in 1989, became a major property developer in the Canberra area late in life, and was the author of three books dealing with stockbroking, the finance industry, Sydney-Melbourne rivalry and the lives of the early European...

Born on October 1, 1929, Jim Bain attended both the Armidale School and Scots College in Bellevue Hill, Sydney. He joined the family firm of W. BainDuring his 40 years of broking, Bain and Co became a major force, rivalling Ord Minnett in Sydney, PotterA man of remarkable energy, he also developed a family property at Murrumbateman, which has been absorbed into a rapidly expanded Canberra, was chairman of property developer Merryvale Estates, and the short-lived NatWest Australia Bank.

He was also Chairman of the Sydney Stock Exchange, although he was voted off for a time by board members afraid of losing their positions through the consolidation brought about by his advocacy of the introduction of screen trading.Stockbrokers vote for Automated Trading in 1986 ....Jim Bain is second from left.Co was sold to Deutsche Bank.

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