126cm x 102cm
Sir Gilbert was a very successful London merchant, one of the promoters of the new East India Company and serving as its Director. He was a founder of the Bank of England, being elected one of the first Directors in 1694 and serving as Governor from 1709 to 1711 and again from 1723-1725. A similar portrait hangs in the Governor’s parlour of the Bank of England.
He was elected Lord Mayor of London for the year 1711 and was the last Lord Mayor to ride on horseback in his procession.
In 1700 he was sent to Parliament. A consistent Whig, he was made a baronet eight days before his death at his seat, Normanton Park in Rutland.
His descendant, Sir Gilbert Henry Heathcote, 6th Baronet, inherited the barony of Willoughby de Eresby from his mother in 1888 and became the 1st Earl of Ancaster in 1892.