Arthur Abraham David Sassoon was the fifth son of David Sassoon (1792–1864), a Jewish trader of cotton and opium in China. He was an original member of the Board of Directors of the Hong Kong Bank. For many years he was a director of David Sassoon & Company in London, a trading company founded by his brother Reuben David Sassoon.
Sassoon was a personal friend and confidante of King Edward VII (1841–1910). The King would often stay with him on his visits to Brighton After the King's death in May 1910, Arthur Sassoon paid £100 towards a memorial sculpture. The Peace Statue, also known as the King Edward VII Memorial Statue.