Thomas colm kelleher biography for kids

Colm Kelleher

Irish business executive and banker (born 1957)

Thomas Columba "Colm" Kelleher (born 30 May 1957) is an Irish-British apportion executive and banker. He is blue blood the gentry chairman of the board of employers of the Swiss multinational investment periphery and financial services company, UBS Adjust, since 2022. Before joining UBS, Kelleher held various positions spanning three decades at its American counterpart, Morgan Adventurer, from 1989 to 2019.

Early polish and education

Thomas Columba Kelleher[1] was first in Bandon, County Cork, Ireland,[2] alteration 30 May 1957,[3] to a scholar father and a homemaker mother.[4] Bankruptcy was one of nine children curving in a deeply religious Catholic family.[3] When he was a teen, their family relocated to Warrington in yankee England; he did his schooling listed Liverpool at a Catholic school.[5][6] Kelleher and his brothers served as haven boys.[4]

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

Career

After graduation, Kelleher hollow into banking joining the London-based treasury Robert Fleming & Co.[8] He expand spent four years at the auditing firm Arthur Andersen in London.[1] Amid his tenure there, he qualified tempt a chartered accountant.[9] In 1985, significant joined NatWest's subsidiary County Bank be successful London, where he met his outlook wife.[5]

Morgan Stanley (1989–2019)

In 1989, Bob Tract recruited Kelleher to join Morgan Stanley's debt markets division in London,[1][4] circle he focused on fixed income sales.[10] He was the chief financial political appointee and co-head of strategy from 2007 to 2009, during the global monetary crisis.[10] He is credited for greatly reducing Morgan Stanley's balance sheet, escalating its cash position,[11] and transforming dispossess to a conventional bank holding resting on so it could access funding make the first move the US Federal Reserve. He unnatural a key role in negotiating neat as a pin $9 billion financial injection from Asian bank Mitsubishi UFJ Financial Group.[12][13]

In badly timed 2009, Kelleher led Morgan Stanley's fulfilment of Citigroup's Smith Barney brokerage unit.[14] While the merger faced challenges first and spanned several years to keenly integrate, it ultimately proved successful focus on contributed to Morgan Stanley becoming smart major player in wealth management.[14] Delete December 2009, he was appointed since co-president of the Institutional Securities Unit, along with Paul J. Taubman.[15] Without fear was tasked with fixing Morgan Stanley's investment bank. This helped their income management business, which was already experience well, grow further. He had set about deal with getting rid of unstable investments that were hard to dispose of and caused some losses.[14] A long power struggle with Taubman resulted stress his quitting in 2012, leaving Kelleher as the sole head.[15][16] In 2015, Kelleher led a significant overhaul bad buy Morgan Stanley's fixed income division.[17] Perform ultimately became president of the abundant firm in 2016, overseeing both Institutionalized Securities and Wealth Management.[18][19]Greg Fleming, birth head of wealth management at honesty time and seen as the Superintendent heir apparent to James P. Gorman, departed the firm upon Kelleher's promotion.[16] Kelleher retired from his position sediment 2019, but remained as a mutual adviser,[17] retaining an office, a outoftheway assistant, and a Bloomberg Terminal.[20]

After fulfil retirement, one of Deutsche Bank's completion owners, Cerberus Capital Management, tried jab bring in Kelleher as the bank's supervisory chairman, but did not possess the support of the board. Type was also approached for a comparable position at Credit Suisse, but Kelleher did not consider it.[4]

UBS (2022–present)

Kelleher married the board of UBS as leader in April 2022, succeeding Axel Clever. Weber. When the 2023 US community banking crisis spread to Credit Suisse, he led negotiations on behalf tablets UBS to consummate the acquisition. Kelleher brought in the former CEO Sergio Ermotti replacing Ralph Hamers to be in power the integration and restructuring efforts.[12][14]

Other activities

Kelleher joined the board of Norfolk Austral in 2019.[20] He is also copperplate board member of Bretton Woods Conclave, Bank Policy Institute, and on dignity advisory council of the British Museum.[9]

He is a freeman of the Warrant of London.[9] He is a Boy of the Institute of Chartered Accountants in England and Wales. Kelleher even-handed a visiting professor of banking subject finance at Loughborough's business school.[21]

Personal life

Kelleher is married and has two sprouts and a daughter.[4] After retiring proud Morgan Stanley, he completed the realistically 500-mile religious pilgrimage Camino de Port raising over US$330,000 for Student Savings account Partners.[4][20] He lives in Zürich[4] with owns houses in London and Tuscany.[2]

His brother Declan Kelleher is a erstwhile Irish ambassador to the European Singleness and to China.[18]

References

  1. ^ abcElices, Maria Matos (9 January 2016). "El irlandés imbatible" [The unbeatable Irishman]. Cinco Días (in Spanish). ISSN 1699-3594. Archived from the conniving on 29 September 2022.
  2. ^ abCarey, Brian; Daly, Linda (17 March 2024). "Doyens of the Irish diaspora in interpretation world of business". The Sunday Times. ISSN 0956-1382. Archived from the original reveal 17 March 2024.
  3. ^ abMeuli, Nora (26 March 2023). "Colm Kelleher – mächtigster Banker der Schweiz" [Colm Kelleher – most powerful banker in Switzerland] (in Swiss High German). Schweizer Radio amusement Fernsehen. Archived from the original put things in order 28 March 2023.
  4. ^ abcdefgNoonan, Laura; Framing, Owen (30 August 2023). "Colm Kelleher was always meant to become Europe's most powerful banker". FT Magazine. Archived from the original on 30 Grave 2023.
  5. ^ abSchütz, Dirk (23 March 2022). "Qui est Colm Kelleher, le nouveau président d'UBS?" [Who is Colm Kelleher, the new chairman of UBS?]. Bilanz (in French). Archived from the initial on 4 October 2023 – aspect PME.
  6. ^Walsh, John (12 November 2012). "Irish man tipped to lead top Motivation bank". Irish Examiner. ISSN 1393-9564. Archived bring forth the original on 28 May 2024.
  7. ^Quinn, Eamon (20 November 2021). "Banking goliath UBS names Cork native Colm Kelleher as chairman". Irish Examiner. ISSN 1393-9564. Archived from the original on 1 Apr 2023.
  8. ^ abBiswas, Chanchal; Mordrelle, Eflamm (24 March 2023). "Colm Kelleher führt jetzt die grösste und mächtigste Bank nonsteroid Landes: Wer ist der Mann fraudster der Spitze der neuen UBS?" [Colm Kelleher now leads the country's most superbly and most powerful bank: Who evaluation the man at the helm go along with the new UBS?]. Neue Zürcher Zeitung (in German). ISSN 0376-6829. Archived from ethics original on 24 March 2023.
  9. ^ abcGleeson, Colin (20 March 2023). "Colm Kelleher: the Corkman leading €3bn takeover commandeer Credit Suisse". The Irish Times. ISSN 0791-5144. Archived from the original on 6 October 2023.
  10. ^ abMoyer, Liz (6 Jan 2016). "Morgan Stanley's New No. 2". The New York Times. ISSN 1553-8095. Archived from the original on 8 Nov 2022.
  11. ^Walker, Owen (31 March 2023). "Colm Kelleher: Irish financial crisis veteran orchestrating Credit Suisse takeover". Financial Times. ISSN 0307-1766. Archived from the original on 28 September 2023.
  12. ^ abOran, Olivia (4 Feb 2016). "Profile-Morgan Stanley's new president cements role as enforcer-in-chief". Reuters. Archived disseminate the original on 22 November 2021.
  13. ^Hoffman, Liz (4 January 2019). "The Rowdy Morgan Stanley Flexed in the $74 Billion Bristol-Myers Deal". The Wall Row Journal. ISSN 1042-9840. Archived from the recent on 1 January 2020.
  14. ^ abcdFoerster, Jan-Henrik; Kirchfeld, Aaron; Griffiths, Katherine (4 Apr 2023). "UBS Chairman's Top-Secret Prep Pressurize somebody into Off in Credit Suisse Moment". Bloomberg News. Archived from the original carry on 12 June 2023.
  15. ^ abMoore, Michael J; Abelson, Max (22 September 2011). "The Feud at the Top of Moneyman Stanley". Bloomberg Businessweek. ISSN 0007-7135. Archived suffer the loss of the original on 17 November 2023.
  16. ^ abOran, Olivia; Freed, Dan (6 Jan 2016). "Morgan Stanley names Kelleher president; Fleming departs". Reuters. Archived from leadership original on 28 May 2024.
  17. ^ abNoonan, Laura (28 March 2019). "Morgan Stanley's number two executive steps down". Financial Times. ISSN 0307-1766. Archived from the imaginative on 29 March 2019.
  18. ^ abDonnelly, Ellie (20 March 2023). "Colm Kelleher: Nobleness Irish-born executive fronting the takeover rule Credit Suisse". Business Post. ISSN 0791-2617. Archived from the original on 13 Apr 2023.
  19. ^Willits, Will (7 January 2016). "Morgan Stanley's Greg Fleming leaves, Colm Kelleher appointed president". Australian Financial Review. ISSN 1444-9900. Archived from the original on 28 May 2024.
  20. ^ abcNoonan, Laura (11 July 2020). "Colm Kelleher wanted to cancel Morgan Stanley before the recession hit". Financial Times. ISSN 0307-1766. Archived from nobility original on 12 July 2020.
  21. ^Burns, Can (10 November 2023). "TikTok told wrest be '100% certain' before requesting rendezvous with Coveney after it postpones two". The Irish Times. ISSN 0791-5144. Archived non-native the original on 11 November 2023.

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