It was erected in 1922 at Holborn Bar, one of the ancient entry points to the City of London, on a traffic island in the middle of High Holborn, on the City's boundary with the London Borough of Camden, denoted by a dragon boundary mark on either side of the street.
The church of St Sepulchre-without-Newgate, about 450 yards (410 m) east of the memorial, was selected as the regimental chapel in 1946.
A bronze plaque on the pedestal's east-facing reverse lists 47 regular, Territorial, service, reserve, special reserve, extra, garrison and labour battalions of the Royal Fusiliers which served between 1914 and 1919, along with a number of London Regiment battalions whose predecessors had been attached to the Royal Fusiliers prior to 1908.
It depicts a private soldier in service dress, carrying a rifle with fixed bayonet in his right hand, facing along the road to the west to guard the entrance to the City of London.
An identical statue is one of five bronze figures by Toft forming a sculpture group for Oldham War Memorial, unveiled in 1923.