 The Cunard War Memorial is located on the west side of the Cunard Building and was erected in memory of the Cunard employees who were killed during the First World War , and later the Second World War . A Grade II listed monument , it was designed by Arthur Davis , who acted as consultant during the construction of the Cunard Building itself . It was erected around 1920 , although it wasn 't officially unveiled until 1921 , by the Earl of Derby , Edward Stanley . Prior to being located at the Pier Head , the monument had been exhibited at the Royal Academy of Arts in London . 
