Michael Sherwood (banker)
For the American musician, see Michael Sherwood.
Michael Sherwood | |
|---|---|
| Born | July 1965 (age 58) |
| Education | Westminster School |
| Alma mater | University of Manchester |
| Occupation | Banker |
| Spouse | Melanie Sherwood |
| Children | 2 |
Michael Sherwood, also known as Woody,[1] (born 1965) is a British banker. He served as the vice-chairman of Goldman Sachs and the co-chief executive officer of Goldman Sachs International until November 2016.
According to the Sunday Times Rich List in 2019, Sherwood is worth £195 million, a £10 million decrease from 2018.[2]
Early life edit
Michael Sherwood was born in July 1965 in London.[3] His father was "the owner of a chemical company" and his mother was an academic.[4] He grew up in Highgate, North London.[3]
Sherwood was educated at Westminster School.[5] He graduated from the University of Manchester, where he received a bachelor's degree in economics.[4][5]
Career edit
Sherwood started his career at Goldman Sachs in 1986.[4][5] He served as the co-chief executive officer of Goldman Sachs International from 2005 to November 2016.[6] Additionally, he served as the vice-chairman of Goldman Sachs from 2008 to November 2016.[6] He was succeeded in these two roles by Richard Gnodde.[7]
Sherwood acquired Smythson for GBP£16 million in 2005 and sold it for GBP£18 million in 2009.[5] He invested GBP£400,000 in Tottenham Hotspur F.C., a football club in Tottenham, London, in 2009.[5] He formerly served on the board of directors of Watford F.C., a football club in Watford near London.[5] Sherwood serves as a non-executive director of Rothesay Life, a life insurance company.[8]
Sherwood received a bonus of $15.8 million in shares in 2013, which was more than CEO Lloyd Blankfein's bonus.[9] He earned US$21 million in 2014.[10] By April 2015, he had an estimated wealth of GBP£185 million.[11]
Sherwood is opposed to Brexit.[12]
In July 2019, it was reported in The Times that Sherwood will be made non-executive director of fintech unicorn Revolut.[13]
Philanthropy edit
Sherwood serves as the chairman of the Development Committee at his alma mater, the Westminster School.[14] He has donated to the Harefield Academy.[14] He serves on the board of trustees of Greenhouse Sports, a non-profit organisation which encourages children to play sports.[14] With his wife, Sherwood has made charitable contributions to the Jewish Museum London via their Melanie and Michael Sherwood Foundation.[15]
Personal life edit
Sherwood is married to Melanie.[5] They reside near Regent's Park in central London with their two children.[5] Sherwood is Jewish.[12][16][17]
Sherwood is a close confidant of retail tycoon Sir Philip Green and informally advised him on the sale of British Home Stores for £1 to Dominic Chappell in 2015.[13]
References edit
- ^ Braithwaite, Tom; Alloway, Tracy (7 November 2013). "Goldman repositions Sherwood in reshuffle". Financial Times. Retrieved 26 February 2016.
- ^ Times, The Sunday (12 May 2019). "Rich List 2019: profiles 602-650, featuring Sting and Sir Rod Stewart". The Times. ISSN 0140-0460. Retrieved 8 July 2019.
- ^ a b Mathiason, Nick (6 April 2008). "Winner in the battle of the bulges". The Guardian. Retrieved 26 February 2016.
- ^ a b c Nisse, Jason (19 December 1993). "Profile: How Fat Mike became a million dollar baby: The huge bonuses handed to partners by Goldman Sachs have left the City gasping. Jason Nisse looks at a young beneficiary: Michael Sherwood". The Independent. Archived from the original on 14 May 2022. Retrieved 26 February 2016.
- ^ a b c d e f g h "Profile: Michael Sherwood – the UK's golden Goldman boy". The Daily Telegraph. 19 November 2010. Retrieved 26 February 2016.
- ^ a b "Michael Sherwood, Vice Chairman". Goldman Sachs. Retrieved 26 February 2016.
- ^ Treanor, Jill (21 November 2016). "Michael Sherwood quits Goldman Sachs role". The Guardian. Retrieved 28 July 2017.
- ^ "Board of Directors: Michael Sherwood". Rothesay Life. Retrieved 26 February 2016.
- ^ Rushton, Katherine (19 January 2013). "Goldman Sachs top City banker Michael Sherwood receives $15.8m share bonus". The Daily Telegraph. Retrieved 26 February 2016.
- ^ "Michael S. Sherwood". Bloomberg Business. Retrieved 26 February 2016.
- ^ "Sunday Times Rich List". The Sunday Times. No. 72. 26 April 2015.
- ^ a b "Uncertainty of Brexit would be bad for business, say leading figures". The Jewish Chronicle. 25 February 2016. Retrieved 26 February 2016.
- ^ a b Kelly, Liam. "Former Goldman Sachs boss Michael Sherwood lined up for City return at fintech unicorn Revolut". www.thetimes.co.uk. Retrieved 8 July 2019.
- ^ a b c "Trustees". Greenhouse Sports. Retrieved 26 February 2016.
- ^ "Our supporters". Jewish Museum London. Retrieved 26 February 2016.
- ^ Krieger, Candice (15 March 2012). "Striving to rediscover hunger will make successful start-ups". The Jewish Chronicle. Retrieved 26 February 2016.
- ^ . Archived from the original on 27 January 2018.