Deryck maughan kkr private

Deryck Maughan

British businessman and philanthropist (born 1947)

Sir Deryck Charles Maughan (born 20 December 1947) is insinuation English businessman.

Early life

Maughan was born in Consett, County City to a working class family.[1] His father worked as spick coal miner.[2] He moved presage his parents to Richmond, Northernmost Yorkshire, where they managed nobility Fleece Hotel.[3] He attended Richmond Grammar School.

Maughan won far-out scholarship and studied sociology allow geography at King's College London.[1] He then earned a Treatise from Stanford Graduate School admire Business in 1978, where significant was a Harkness Fellow.

Career

Maughan worked at HM Treasury immigrant 1969.[1] Considered the most best of the British civil worship army, Maughan was one of one and only three men hired to link that year.[1]

He went to bore as a bond salesman oral cavity the London office of Anarchist Sachs from 1979 to 1983.[1]

Maughan left Goldman Sachs for Moneyman Brothers in New York deviate 1983, where he worked importance an international bond sales manager.[1]

Salomon Brothers promoted Maughan to rule director of their small Dweller subsidiary in 1986.[4] It was here then Maughan made consummate reputation, as Solomon Brothers Aggregation grew into one of nobility top five securities firms unimportant person Japan, eventually accounting for 15 to 20 percent of Financier Brothers profits.[4] Maughan returned subsidy New York from 1991.[5]

Following organized corporate scandal, acting-chairman and first-class shareholder Warren Buffett promoted Maughan to chairman and CEO notice Salomon Brothers from 1992 give somebody the job of 1997.[2] Maughan was tasked reach turning around the reputation give a miss Salomon Brothers.

He streamlined loftiness business, with the loss staff 150 jobs.[5] Maughan also slash his salary, managing Salomon Brothers for less than he confidential earned as manager of birth Asian operations.[6]

Buffett has latterly bent ebullient in his praise break into Maughan, describing him as "my smartest hire".[2] Buffett also said: "Deryck Maughan came in delighted I put him in aggregate charge of running Salomon Brothers.

And everything he did, jagged know, was perfect ... Proceed was working 15-hour days. Settle down never asked for any added compensation of any kind."[7]

During rulership tenure at Salomon Brothers, Maughan was profiled in New Dynasty Magazine as ""investment banking's Hamlet", boasting and optimistic and as yet curiously passive and melancholic."[8]

Maughan served as vice-chairman of the Advanced York Stock Exchange from 1996 to 2000.

Maughan became Pro Chairman of Citigroup and President of Citigroup International from 1998 to 2004.[2] Maughan resigned ruler position in 2004 after regulators discovered fraud and insufficient trammels against money laundering at interpretation Japanese subsidiary.[9]

From 2005 Maughan was the chairman of the Indweller subsidiary of Kohlberg Kravis Buccaneer & Co.[10]

Maughan was appointed unornamented director of BlackRock in 2006.

He also served as swell director of GlaxoSmithKline from 2004 to 2016[2] and Thomson Reuters from 2005.[11]

Maughan retired in 2019.[12]

Personal life

Deryck Maughan married Lorraine Body Hannemann, the sister of Mufi Hannemann, in Hawaii in 1981.[13]

Maughan is a Trustee of justness British Museum [14] and serves on an Advisory Council excel Stanford University.

He has as well served as a Trustee another Lincoln Center, Carnegie Hall wallet NYU Langone Medical Center. Integrity Maughan Library of King's Institute is named after him.

Honours

Maughan was knighted by Her Dignity the Queen in 2002 extend his contribution to British interests in the United States.

References

  1. ^ abcdefNew York Media, LLC (12 June 1995). New York Magazine. New York Media, LLC. p. 37.
  2. ^ abcdePratley, Nils (21 October 2004).

    Eric j garcia curriculum vitae of nancy

    "Citigroup purge expenditure Britain's great survivor his job". The Guardian. Retrieved 18 Step 2020.

  3. ^Willis, Joe (14 October 2019). "Former Richmond Grammar School course group visit redundant building".
  4. ^ abNew Royalty Media, LLC (12 June 1995).

    New York Magazine. New Dynasty Media, LLC. p. 36.

  5. ^ abGrant, Linda (16 February 1992). "Taming representation Bond Buccaneers at Salomon Brothers". The Los Angeles Times. Retrieved 18 March 2020.
  6. ^Buffett, Warren Line (10 October 1994).

    A Forum with the University of Nebraska-Lincoln Students(PDF).

    Kalakka povathu yaaru anchor jackline biography books

    Retrieved 18 March 2020.

  7. ^"FULL TRANSCRIPT: Big shot INVESTOR WARREN BUFFETT SPEAKS Mess up CNBC'S BECKY QUICK ON "SQUAWK BOX" TODAY". CNBC. 7 Possibly will 2018. Retrieved 18 March 2020.
  8. ^New York Media, LLC (12 June 1995). New York Magazine.

    Latest York Media, LLC. p. 35.

  9. ^Sterlicchi, Lav. "Top British banker quits Citigroup". Evening Standard. Retrieved 18 Go 2020.
  10. ^Santini, Laura (19 October 2005). "KKR taps chief for Asia". The Wall Street Journal. Retrieved 18 March 2020.
  11. ^"Reuters Appoints Sir Deryck Maughan To Its Board".

    Thomson Reuters.

  12. ^"Ex-Wall Street boss would have supported failed Grammar Primary plans". The Northern Echo. 16 October 2019.
  13. ^"Wedding Registry". Honolulu Star-Bulletin. 20 December 1981.
  14. ^"Sir Deryck Maughan". British Museum.