Cass Business School moved to new premises in the London Borough of Islington, and changed its name as part of a strategy formed by Lord Currie of Marylebone, who had become Dean the year before, to compete as an international business school in a market dominated by US universities. The school had previously been spread out across the City of London's mainly residential Barbican Centre development. Half of the £40 million funding for the new building came from the reserves of City, University of London. The school also received a gift from Sir John Cass's Foundation, founded in 1748 to educate children in
Frederick Charles Cass the parish on his father's death. Frederick Cass senior, who was not a cleric, had bought the right in 1857. Frederick Cass junior was succeeded as rector by his second son Frederick Charles Guise Cass (born 1859) in 1890 or 1891, his first son Frederick Herbert Cass having died in 1855. Cass produced histories of South Mimms, Monken Hadley, and East Barnet that are among the principal histories of those areas. He wrote a history of the Queen Elizabeth's School, Barnet, from its founding in 1573 to 1665 for the transactions of the London and Middlesex Archaeological Society which was