Barry Zubrow | |
---|---|
Born | Barry L. Zubrow February 19, 1953 [1] |
Nationality | American |
Alma mater | University of Chicago (MBA and JD) Haverford College (BA) |
Occupation | Investment banker |
Known for | Chief Risk Officer of JPMorgan Chase |
Spouse | Jan Rock Zubrow |
Barry L. Zubrow (born February 19, 1953) is an American business executive and investment banker. Spending most of his career at Goldman Sachs, including in key leadership roles, he subsequently served as the Chief Risk Officer of JPMorgan Chase during the 2008 financial crisis. He was later appointed the Head of Corporate and Regulatory Affairs at that company between January and November 2012.
Born to a Jewish family, Zubrow earned a B.A. from Haverford College [2] [3] and both his J.D. and M.B.A from the University of Chicago. [4]
Zubrow started his career in investment banking with Goldman Sachs in 1979 and becoming a partner in 1988. Between 1997 and 2003 he was Chief Administrative Officer and Head of the Operations and Administration division. He also was elected as the Chief Credit Officer. [4]
Zubrow was Chief Risk Officer of JPMorgan Chase & Co until January 13, 2012, [5] [6] including during the 2008 financial meltdown when the company lost $2 billion [7] [8] and later when the company's investment practices were under Federal investigation [9] after a multi-billion dollar trading loss. [10] Later that year he was appointed as the company's head of corporate regulatory affairs. [11]
In November, 2012, Zubrow left JP Morgan. [12]
Zubrow is CEO and President of ITB LLC, a private investment firm, and served as a Director of Nuvelo Inc. since February 2, 2004 and its Lead Independent Director since September 2005. He was a Director of GSC Capital Corp, and served as the Vice Chairman of Nuvelo. He serves on the Board of Directors of CIBC, a major Canadian investment bank, as well as of Promontory Financial Group, a financial services-related consulting firm. He also sits on the board of Arc Logistics Partners LP, a public midstream oil and gas company.
Zubrow is a member of the Council on Foreign Relations as well the Committee on Capital Markets Regulation. [13]
In 1986, he married Jan Rock in a Jewish ceremony in Cedarhurst, New York. [14] [15] [16]
Investment banking is an advisory-based financial service for institutional investors, corporations, governments, and similar clients. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by underwriting or acting as the client's agent in the issuance of debt or equity securities. An investment bank may also assist companies involved in mergers and acquisitions (M&A) and provide ancillary services such as market making, trading of derivatives and equity securities, FICC services or research. Most investment banks maintain prime brokerage and asset management departments in conjunction with their investment research businesses. As an industry, it is broken up into the Bulge Bracket, Middle Market, and boutique market.
The Goldman Sachs Group, Inc. is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered in Lower Manhattan in New York City, with regional headquarters in many international financial centers. Goldman Sachs is the second-largest investment bank in the world by revenue and is ranked 55th on the Fortune 500 list of the largest United States corporations by total revenue. In the Forbes Global 2000 of 2024, Goldman Sachs ranked 23rd. It is considered a systemically important financial institution by the Financial Stability Board.
James Dimon is an American businessman who has been the chairman and chief executive officer (CEO) of JPMorgan Chase since 2006.
John Cunningham Whitehead was an American banker and civil servant, a board member of the World Trade Center Memorial Foundation, and, until his resignation in May 2006, chairman of the Lower Manhattan Development Corporation.
Gary David Cohn is an American businessman and philanthropist who served as the 11th director of the National Economic Council and chief economic advisor to President Donald Trump from 2017 to 2018. He managed the administration's economic policy agenda. Before serving in the White House, Cohn was president and COO of Goldman Sachs, where he worked for more than 25 years. Cohn was appointed vice-chairman of IBM on January 5, 2021.
Lloyd Craig Blankfein is an American investment banker who has served as senior chairman of Goldman Sachs since 2019, and chairman and chief executive officer (CEO) from 2006 until the end of 2018. Before leading Goldman Sachs as CEO, he was the company's president and chief operating officer (COO) from 2004 to 2006, serving under then-CEO Henry Paulson.
Alan David Schwartz is an American businessman and is the executive chairman of Guggenheim Partners, an investment banking firm based in Chicago and New York City. He was previously the last president and chief executive officer of Bear Stearns when the Federal Reserve Bank of New York forced its March 2008 acquisition by JPMorgan Chase & Co.
Bradley Ira Abelow is an American businessman and political leader who formerly served as chief of staff to the governor of New Jersey in the cabinet of Governor Jon Corzine. Prior to entering Governor Corzine's Cabinet as state treasurer, he was a top executive for the Wall Street firm of Goldman Sachs. After working in Corzine's cabinet, he was global chief operating officer of MF Global joining the firm on September 13, 2010
Peter Amory Weinberg is an American businessman. He spent almost twenty years of his career at Goldman Sachs before co-founding Perella Weinberg Partners with merger specialist, Joseph Perella in 2006. The firm provides M&A advisory and alternative asset management services. Weinberg is its chief executive officer and founding partner.
John Michael Evans is a Canadian technology executive and the President of Alibaba Group. He previously spent 20 years working for U.S. investment bank Goldman Sachs and is a former Olympic rower.
Adebayo "Bayo" O. Ogunlesi is a Nigerian lawyer and investment banker. He is currently chairman and managing partner at the private equity firm Global Infrastructure Partners (GIP). Ogunlesi was the former head of global investment banking at Credit Suisse First Boston before being promoted to chief client officer and executive vice chairman.
William C. Dudley is an American economist who served as the president of Federal Reserve Bank of New York from 2009 to 2018 and as vice-chairman of the Federal Open Market Committee. He was appointed to the position on January 27, 2009, following the confirmation of his predecessor, Timothy F. Geithner, as United States Secretary of the Treasury.
David Alan Viniar is an American businessman who was the CFO and executive vice president at Goldman Sachs from 1999 until January 31, 2013. He is currently on the board of directors of Goldman Sachs.
In April and May 2012, large trading losses occurred at JPMorgan's Chief Investment Office, based on transactions booked through its London branch. The unit was run by Chief Investment Officer Ina Drew, who later stepped down. A series of derivative transactions involving credit default swaps (CDS) were entered, reportedly as part of the bank's "hedging" strategy. Trader Bruno Iksil, nicknamed the London Whale, accumulated outsized CDS positions in the market. An estimated trading loss of $2 billion was announced. However, the loss amounted to more than $6 billion for JPMorgan Chase.
Harvey M. Schwartz is an American businessman. He is CEO of The Carlyle Group, the world's sixth-largest private equity firm. He is on the board of One Mind, a mental health and brain research nonprofit organization. He worked at Goldman Sachs from 1997 to 2018, with his last post there being president and co-chief operating officer.
Geoffrey T. Boisi is the founder, CEO and chairman of the Beacon Group, as well as the chairman of Roundtable Investment Partners. He held a number of senior executive roles in investment banks, including JPMorgan Chase and Goldman Sachs.
Ramon Martin Chavez is an American investment banker and entrepreneur. He is vice chairman and partner of Sixth Street Partners. Previously, he served in a variety of senior roles at Goldman Sachs, including chief information officer (2014–2017), chief financial officer, and global co-head of the firm's Securities Division. Marty was also a partner and member of Goldman's management committee. He was the chief technology officer and co-founder of Quorum Software Systems and CEO and co-founder of Kiodex. He is chairman of the board of computational pharmaceutical company Recursion, Board Observer of biotech company Earli and longevity biopharma company Cambrian Biopharma, and board member of Alphabet Inc.
David Michael Solomon, known as DJ D-Sol, is an American investment banker and DJ who has been chief executive officer (CEO) of Goldman Sachs since October 2018 and chairman since January 2019.
Goldman Sachs, an investment bank, has been the subject of controversies. The company has been criticized for lack of ethical standards, working with dictatorial regimes, close relationships with the U.S. federal government via a "revolving door" of former employees, and driving up prices of commodities through futures speculation. It has also been criticized by its employees for 100-hour work weeks, high levels of employee dissatisfaction among first-year analysts, abusive treatment by superiors, a lack of mental health resources, and extremely high levels of stress in the workplace leading to physical discomfort.
Beloved husband of the late Mildred Glogover Rock; loving father of Steven of Marlboro, NJ; Jan Rock Zubrow of Far Hills, NJ and Barbara Goldman of Scarsdale, NY.