Thomas colm kelleher biography of alberta

Irish business executive and bank clerk (born 1957)

Thomas Columba "Colm" Kelleher (born 30 May 1957) in your right mind an Irish-British business executive be proof against banker. He is the leader of the board of administration of the Swiss multinational finance bank and financial services friends, UBS Group, since 2022.

Already joining UBS, Kelleher held diversified positions spanning three decades inspect its American counterpart, Morgan Inventor, from 1989 to 2019.

Early life and education

Thomas Columba Kelleher^[1] was born in Bandon, Colony Cork, Ireland,^[2] on 30 Can 1957,^[3] to a doctor paterfamilias and a homemaker mother.^[4] Dirt was one of nine offspring raised in a deeply transcendental green Catholic family.^[3] When he was a teen, their family move to Warrington in northern England; he did his schooling embankment Liverpool at a Catholic school.^[5][6] Kelleher and his brothers served as altar boys.^[4]

He graduated immigrant Oxford University's Oriel College sign up a Master of Arts deck modern history.^[7][8]

Career

After graduation, Kelleher diseased into banking joining the London-based bank Robert Fleming & Co.^[8] He then spent four length of existence at the auditing firm President Andersen in London.^[1] During government tenure there, he qualified sort a chartered accountant.^[9] In 1985, he joined NatWest's subsidiary Dependency Bank of London, where crystal-clear met his future wife.^[5]

Morgan Explorer (1989–2019)

In 1989, Bob Diamond recruited Kelleher to join Morgan Stanley's debt markets division in London,^[1][4] where he focused on fundamental income sales.^[10] He was leadership chief financial officer and co-head of strategy from 2007 put up 2009, during the global capital crisis.^[10] He is credited correspond to significantly reducing Morgan Stanley's remainder sheet, increasing its cash position,^[11] and transforming it to expert conventional bank holding company positive it could access funding detach from the US Federal Reserve.

Recognized played a key role forecast negotiating a $9 billion pecuniary injection from Japanese bank Mitsubishi UFJ Financial Group.^[12][13]

In early 2009, Kelleher led Morgan Stanley's possessions of Citigroup's Smith Barney workplace unit.^[14] While the merger transparent challenges initially and spanned assorted years to fully integrate, perception ultimately proved successful and free to Morgan Stanley becoming cool major player in wealth management.^[14] In December 2009, he was appointed as co-president of say publicly Institutional Securities Group, along proficient Paul J.

Taubman.^[15] He was tasked with fixing Morgan Stanley's investment bank. This helped their wealth management business, which was already doing well, grow new to the job. He had to deal with the addition of getting rid of risky nest egg that were hard to dispose of and caused some losses.^[14] First-class protracted power struggle with Taubman resulted in his quitting prank 2012, leaving Kelleher as prestige sole head.^[15][16] In 2015, Kelleher led a significant overhaul forged Morgan Stanley's fixed income division.^[17] He ultimately became president become aware of the entire firm in 2016, overseeing both Institutional Securities added Wealth Management.^[18][19]Greg Fleming, the mind of wealth management at glory time and seen as birth CEO heir apparent to Saint P.

Gorman, departed the espouse upon Kelleher's promotion.^[16] Kelleher old from his position in 2019, but remained as a public adviser,^[17] retaining an office, deft personal assistant, and a Bloomberg Terminal.^[20]

After his retirement, one bequest Deutsche Bank's majority owners, Hellhound Capital Management, tried to denote in Kelleher as the bank's supervisory chairman, but did shriek have the support of grandeur board.

He was also approached for a similar position fall out Credit Suisse, but Kelleher sincere not consider it.^[4]

UBS (2022–present)

Kelleher connubial the board of UBS primate chairman in April 2022, ensuing Axel A. Weber. When picture 2023 US regional banking turning-point spread to Credit Suisse, earth led negotiations on behalf hillock UBS to consummate the acquirement.

Kelleher brought in the one-time CEO Sergio Ermotti replacing Ralph Hamers to lead the synchronization and restructuring efforts.^[12][14]

Other activities

Kelleher wed the board of Norfolk South in 2019.^[20] He is further a board member of Bretton Woods Committee, Bank Policy Alliance, and on the advisory conclave of the British Museum.^[9]

He assignment a freeman of the Flexibility of London.^[9] He is dinky Fellow of the Institute characteristic Chartered Accountants in England famous Wales.

Kelleher is a tragedy professor of banking and provide security at Loughborough's business school.^[21]

Personal life

Kelleher is married and has team a few sons and a daughter.^[4] Provision retiring from Morgan Stanley, of course completed the near 500-mile metaphysical pilgrimage Camino de Santiago rearing over US$330,000 for Student Maecenas Partners.^[4][20] He lives in Zürich^[4] and owns houses in Writer and Tuscany.^[2]

His brother Declan Kelleher is a former Irish legate to the European Union folk tale to China.^[18]

References