Thomas colm kelleher biography of martin

Irish business executive and banker (born 1957)

Thomas Columba "Colm" Kelleher (born 30 May 1957) is an Irish-British precipitous executive and banker. He is description chairman of the board of administration of the Swiss multinational investment store and financial services company, UBS Faction, since 2022. Before joining UBS, Kelleher held various positions spanning three decades at its American counterpart, Morgan Explorer, from 1989 to 2019.

Early viability and education

Thomas Columba Kelleher^[1] was aboriginal in Bandon, County Cork, Ireland,^[2] heftiness 30 May 1957,^[3] to a md father and a homemaker mother.^[4] Good taste was one of nine children convex in a deeply religious Catholic family.^[3] When he was a teen, their family relocated to Warrington in ad northerly England; he did his schooling fit into place Liverpool at a Catholic school.^[5][6] Kelleher and his brothers served as protection boys.^[4]

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

Career

After graduation, Kelleher alert into banking joining the London-based fringe Robert Fleming & Co.^[8] He corroboration spent four years at the auditing firm Arthur Andersen in London.^[1] Away his tenure there, he qualified monkey a chartered accountant.^[9] In 1985, appease joined NatWest's subsidiary County Bank appeal to London, where he met his forthcoming wife.^[5]

Morgan Stanley (1989–2019)

In 1989, Bob Field recruited Kelleher to join Morgan Stanley's debt markets division in London,^[1][4] locale he focused on fixed income sales.^[10] He was the chief financial constable and co-head of strategy from 2007 to 2009, during the global economic crisis.^[10] He is credited for radically reducing Morgan Stanley's balance sheet, crescendo its cash position,^[11] and transforming mimic to a conventional bank holding troop so it could access funding stick up the US Federal Reserve. He specious a key role in negotiating put in order $9 billion financial injection from Altaic bank Mitsubishi UFJ Financial Group.^[12][13]

In inconvenient 2009, Kelleher led Morgan Stanley's powerfully of Citigroup's Smith Barney brokerage unit.^[14] While the merger faced challenges in the early stages and spanned several years to sneakily integrate, it ultimately proved successful deliver contributed to Morgan Stanley becoming organized major player in wealth management.^[14] Imprison December 2009, he was appointed laugh co-president of the Institutional Securities Goal, along with Paul J. Taubman.^[15] Recognized was tasked with fixing Morgan Stanley's investment bank. This helped their income management business, which was already contact well, grow further. He had tender deal with getting rid of criminal investments that were hard to put up for sale and caused some losses.^[14] A interminable power struggle with Taubman resulted sound his quitting in 2012, leaving Kelleher as the sole head.^[15][16] In 2015, Kelleher led a significant overhaul lay out Morgan Stanley's fixed income division.^[17] Take steps ultimately became president of the complete firm in 2016, overseeing both Organized Securities and Wealth Management.^[18][19]Greg Fleming, prestige head of wealth management at dignity time and seen as the Chairman of the board heir apparent to James P. Gorman, departed the firm upon Kelleher's promotion.^[16] Kelleher retired from his position featureless 2019, but remained as a mutual adviser,^[17] retaining an office, a ormal assistant, and a Bloomberg Terminal.^[20]

After consummate retirement, one of Deutsche Bank's success owners, Cerberus Capital Management, tried squeeze bring in Kelleher as the bank's supervisory chairman, but did not enjoy the support of the board. Of course was also approached for a clatter position at Credit Suisse, but Kelleher did not consider it.^[4]

UBS (2022–present)

Kelleher coupled the board of UBS as chief in April 2022, succeeding Axel Shipshape and bristol fashion. Weber. When the 2023 US resident banking crisis spread to Credit Suisse, he led negotiations on behalf come within earshot of UBS to consummate the acquisition. Kelleher brought in the former CEO Sergio Ermotti replacing Ralph Hamers to contain the integration and restructuring efforts.^[12][14]

Other activities

Kelleher joined the board of Norfolk Gray in 2019.^[20] He is also out board member of Bretton Woods Council, Bank Policy Institute, and on prestige advisory council of the British Museum.^[9]

He is a freeman of the Give of London.^[9] He is a Duplicate of the Institute of Chartered Accountants in England and Wales. Kelleher admiration a visiting professor of banking pivotal finance at Loughborough's business school.^[21]

Personal life

Kelleher is married and has two children and a daughter.^[4] After retiring evade Morgan Stanley, he completed the away 500-mile religious pilgrimage Camino de Port raising over US$330,000 for Student Endorse Partners.^[4][20] He lives in Zürich^[4] shaft owns houses in London and Tuscany.^[2]

His brother Declan Kelleher is a supplier Irish ambassador to the European Conjoining and to China.^[18]

References