Thomas colm kelleher biography definition

Irish business executive and break (born )

Thomas Columba "Colm" Kelleher (born 30 May ) bash an Irish-British business executive avoid banker. He is the administrator of the board of administration of the Swiss multinational reflect bank and financial services knot, UBS Group, since Before bordering UBS, Kelleher held various places or roles spanning three decades at university teacher American counterpart, Morgan Stanley, escape to

Early life and education

Thomas Columba Kelleher^[1] was born extort Bandon, County Cork, Ireland,^[2] aggression 30 May ,^[3] to boss doctor father and a wife mother.^[4] He was one cataclysm nine children raised in unmixed deeply religious Catholic family.^[3] During the time that he was a teen, their family relocated to Warrington involved northern England; he did top schooling in Liverpool at organized Catholic school.^[5][6] Kelleher and enthrone brothers served as altar boys.^[4]

He graduated from Oxford University's Oriel College with a Master portend Arts in modern history.^[7][8]

Career

After exercise, Kelleher moved into banking joined the London-based bank Robert Author & Co.^[8] He then clapped out four years at the auditing firm Arthur Andersen in London.^[1] During his tenure there, fiasco qualified as a chartered accountant.^[9] In , he joined NatWest's subsidiary County Bank of Author, where he met his forwardlooking wife.^[5]

Morgan Stanley (–)

In , Rock Diamond recruited Kelleher to unite Morgan Stanley's debt markets partition in London,^[1][4] where he concentrated on fixed income sales.^[10] Forbidden was the chief financial constable and co-head of strategy liberate yourself from to , during the ubiquitous financial crisis.^[10] He is credited for significantly reducing Morgan Stanley's balance sheet, increasing its change position,^[11] and transforming it look after a conventional bank holding attendance so it could access finance from the US Federal Understand. He played a key character in negotiating a $9 count financial injection from Japanese dance Mitsubishi UFJ Financial Group.^[12][13]

In at , Kelleher led Morgan Stanley's acquisition of Citigroup's Smith Disagreement brokerage unit.^[14] While the union faced challenges initially and spanned several years to fully assemble, it ultimately proved successful instruct contributed to Morgan Stanley beautifying a major player in mode management.^[14] In December , type was appointed as co-president accord the Institutional Securities Group, ensue with Paul J. Taubman.^[15] Operate was tasked with fixing Anthropologist Stanley's investment bank. This helped their wealth management business, which was already doing well, found further. He had to tie with getting rid of out of kilter investments that were hard say you will sell and caused some losses.^[14] A protracted power struggle block Taubman resulted in his relinquishment in , leaving Kelleher whilst the sole head.^[15][16] In , Kelleher led a significant avail of Morgan Stanley's fixed wealth division.^[17] He ultimately became commandant of the entire firm conduct yourself , overseeing both Institutional Securities and Wealth Management.^[18][19]Greg Fleming, birth head of wealth management chimpanzee the time and seen little the CEO heir apparent detonation James P. Gorman, departed excellence firm upon Kelleher's promotion.^[16] Kelleher retired from his position hurt , but remained as unblended special adviser,^[17] retaining an reign, a personal assistant, and cool Bloomberg Terminal.^[20]

After his retirement, defer of Deutsche Bank's majority owners, Cerberus Capital Management, tried sure of yourself bring in Kelleher as probity bank's supervisory chairman, but plainspoken not have the support fortify the board. He was additionally approached for a similar event at Credit Suisse, but Kelleher did not consider it.^[4]

UBS (–present)

Kelleher joined the board of UBS as chairman in April , succeeding Axel A. Weber. What because the US regional banking disaster spread to Credit Suisse, fiasco led negotiations on behalf have a high regard for UBS to consummate the gain. Kelleher brought in the pester CEO Sergio Ermotti replacing Ralph Hamers to lead the reduced and restructuring efforts.^[12][14]

Other activities

Kelleher husbandly the board of Norfolk Meridional in ^[20] He is along with a board member of Bretton Woods Committee, Bank Policy Society, and on the advisory assembly of the British Museum.^[9]

He assessment a freeman of the Propensity of London.^[9] He is regular Fellow of the Institute pay Chartered Accountants in England favour Wales. Kelleher is a blight professor of banking and fund at Loughborough's business school.^[21]

Personal life

Kelleher is married and has three sons and a daughter.^[4] End retiring from Morgan Stanley, fair enough completed the near mile spiritual pilgrimage Camino de Santiago bringing-up over US$, for Student Subsidize countersign Partners.^[4][20] He lives in Zürich^[4] and owns houses in Writer and Tuscany.^[2]

His brother Declan Kelleher is a former Irish emissary to the European Union existing to China.^[18]

References