Lord Jacob Rothschild -- a member of the prominent British banking family -- has been selected to receive the second annual J. Paul Getty Medal in recognition of his broad contributions to museology, philanthropy, conservation and art historical research.

The award, announced Thursday by James Cuno, chief executive of the Getty, will be given at a ceremony in Los Angeles on Nov. 9. 

The Getty first awarded the medal last year to Harold M. Williams and Nancy Englander for their leadership and contributions in creating the Getty.