Michael Sherwood (banker)

Last updated

Michael Sherwood
BornJuly 1965 (age 58)
Education Westminster School
Alma mater University of Manchester
OccupationBanker
SpouseMelanie Sherwood
Children2

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.

Contents

According to the Sunday Times Rich List in 2019, Sherwood is worth £195 million, a £10 million decrease from 2018. [2]

Early life

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

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

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

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]

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References

  1. ↑ Braithwaite, Tom; Alloway, Tracy (7 November 2013). "Goldman repositions Sherwood in reshuffle". Financial Times. Retrieved 26 February 2016.
  2. ↑ 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.
  3. 1 2 Mathiason, Nick (6 April 2008). "Winner in the battle of the bulges". The Guardian. Retrieved 26 February 2016.
  4. 1 2 3 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.
  5. 1 2 3 4 5 6 7 8 "Profile: Michael Sherwood – the UK's golden Goldman boy". The Daily Telegraph. 19 November 2010. Retrieved 26 February 2016.
  6. 1 2 "Michael Sherwood, Vice Chairman". Goldman Sachs. Retrieved 26 February 2016.
  7. ↑ Treanor, Jill (21 November 2016). "Michael Sherwood quits Goldman Sachs role". The Guardian. Retrieved 28 July 2017.
  8. ↑ "Board of Directors: Michael Sherwood". Rothesay Life. Retrieved 26 February 2016.
  9. ↑ Rushton, Katherine (19 January 2013). "Goldman Sachs top City banker Michael Sherwood receives $15.8m share bonus". The Daily Telegraph. Retrieved 26 February 2016.
  10. ↑ "Michael S. Sherwood". Bloomberg Business. Retrieved 26 February 2016.
  11. ↑ "Sunday Times Rich List". The Sunday Times. No. 72. 26 April 2015.
  12. 1 2 "Uncertainty of Brexit would be bad for business, say leading figures". The Jewish Chronicle. 25 February 2016. Retrieved 26 February 2016.
  13. 1 2 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.
  14. 1 2 3 "Trustees". Greenhouse Sports. Retrieved 26 February 2016.
  15. ↑ "Our supporters". Jewish Museum London. Retrieved 26 February 2016.
  16. ↑ Krieger, Candice (15 March 2012). "Striving to rediscover hunger will make successful start-ups". The Jewish Chronicle. Retrieved 26 February 2016.
  17. ↑ "Striving to rediscover hunger will make successful start-ups - The Jewish Chronicle". Archived from the original on 27 January 2018.
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