Bald man in an armchair, George Peabody, American philanthropist
At the rear of the Royal Exchange, facing the traffic there sits a bald man in an armchair on a granite support. This is George Peabody, an American philanthropist. He donated over half a million pounds to build housing for the poorer people of London. The Peabody trust is still in existence, and there are many housing blocks and developments bearing his name, all over London.