Omeed Malik

Last updated
Omeed Malik
Born1979or1980(age 44–45)
New Jersey, U.S.
Education Colgate University (BA)
Emory University (JD)
Occupation(s) Business executive and banker

Omeed Malik (born 1979or1980 [1] ) is an American banker and executive. He is the founder and CEO of the merchant bank Farvahar Partners. [2]

Contents

Early life

Omeed Malik was born in New Jersey to an Iranian mother and a Pakistani father. [3] He received his Juris Doctor degree from Emory University Law School and his bachelor's degree from Colgate University. [4]

Career

Malik started as a spokesperson for Representative Donald M. Payne. [5] He worked as a corporate lawyer at Weil, Gotshal & Manges in New York before joining MF Global and later Bank of America Merrill Lynch to run the prime brokerage business and to lead the emerging manager program. [6] [7] Malik left Bank of America in January 2018 to launch an advisory firm for hedge funds and alternative investment managers. [7] Later reports indicated that Malik was forced out after investigations into allegations of inappropriate conduct, which Malik disputed and filed a $100 million arbitration claim against Bank of America on the basis of defamation, retaliation, breach of contract, and discrimination against his Muslim background. [8] [9] [10] In July 2018, Bank of America settled the case and paid Malik an eight-figure sum. [8]

In 2018, Malik has appeared on Showtime's TV series Billions in a cameo role. [11]

In 2020, Neil Patel brought in Malik as a new partner of right-wing news site The Daily Caller . [12]

In 2022, Malik founded 1789 Capital, a venture capital firm which focuses on products and companies associated with conservative values. [13] In 2023, it made its first investment into the new media company lead by Tucker Carlson and Neil Patel. [14]

In 2023, Malik's Colombier Acquisition Corp agreed to merge with online marketplace Public Square. [15]

Malik was an early supporter of the Robert F. Kennedy Jr. presidential campaign leading up to the 2024 U.S. elections, [16] and later a supporter of Donald Trump presidential campaign. After Trump's conviction in New York, Malik said: "This verdict will have less than zero impact on my support". [17] [18] Following Trump's victory in the presidential election, Trump's eldest son Donald Trump Jr. announced that he would be joining Malik's 1789 Capital as opposed to a role in his father's administration. [19]

References

  1. ↑ Tan, Gillian (March 19, 2021). "Omeed Malik, Former BofA Executive, Is Said to Join SPAC Frenzy". Bloomberg News.
  2. ↑ "Malik Launches Merchant-Banking Business" . Retrieved May 16, 2019.{{cite web}}: CS1 maint: url-status (link)
  3. ↑ McLean, Bethany (May 4, 2018). "Disgraced ex-BofA exec raises uncomfortable questions about #MeToo". Yahoo Finance . Retrieved May 16, 2019.
  4. ↑ https://www.wsj.com/market-data/quotes/PSQH/company-people/executive-profile/204042773.{{cite web}}: Missing or empty |title= (help)
  5. ↑ Stricherz, Mark (July 22, 1999). "Republicans sympathetic, Demos wary of call for union sunshine bill". San Francisco Chronicle . Washington. States News Service . Retrieved May 16, 2019.
  6. ↑ "Unconventional Lawyers: The Enduring Value of a Legal Education". Emory Lawyer. Spring 2016. Retrieved May 16, 2019– via Issuu.
  7. 1 2 Delevingne, Lawrence (January 18, 2018). "Ex-Bank of America executive Malik to launch fund advisory firm". Reuters . Retrieved May 16, 2019.
  8. 1 2 Keller, Laura J; Kishan, Saijel (July 13, 2018). "BofAAgrees to Settlement With Former Executive Omeed Malik". Bloomberg News . Retrieved November 18, 2024.
  9. ↑ Picker, Leslie; Manning, Patrick (April 27, 2018). "Ex-Bank of America executive seeks $100 million in damages in defamation claim". CNBC . Retrieved May 16, 2019.
  10. ↑ Ensign, Rachel Louise (27 August 2018). "Meet the Lawyer Representing Wall Street's #MeToo Men". The Wall Street Journal . Retrieved May 16, 2019.
  11. ↑ Gordon, Amanda L (March 26, 2018). "Omeed Malik Surfaces in Season Premiere of Showtime's 'Billions'". Bloomberg News. Retrieved May 16, 2019.
  12. ↑ Concha, Joe (August 17, 2020). "NY Democrat Omeed Malik joins Daily Caller as minority investor, contributing editor". The Hill . Archived from the original on July 9, 2022. Retrieved January 7, 2021.
  13. ↑ Murray, Conor. "Conservatives Are Spending Millions to Build A 'Parallel Economy' of Anti-Woke Businesses". Forbes .
  14. ↑ Hagey, Keach (October 17, 2023). "Tucker Carlson's Media Company Secures Investment Led by New Anti-Woke' Firm 1789 Capital". The Wall Street Journal .
  15. ↑ Tan, Gillian (February 26, 2023). "Omeed Malik's SPAC Nears Deal with 'Patriotic' Marketplace PublicSq". Bloomberg News.
  16. ↑ Schwartz, Brian (June 21, 2023). "Robert F. Kennedy Jr.'s presidential run gets support from Wall Street veteran Omeed Malik". CNBC.
  17. ↑ Sorkin, Andrew Ross; Mattu, Ravi; Warner, Bernhard; Kessler, Sarah; de la Merced, Michael J.; Hirsch, Lauren; Livni, Ephrat (May 31, 2024). "Why Megadonors Are Unfazed by Donald Trump's Guilty Verdict". The New York Times . Archived from the original on June 1, 2024. Retrieved November 19, 2024.
  18. ↑ Gordon, Amanda L; Natarajan, Sridhar (May 31, 2024). "Wall Street Billionaires Are Rushing to Back Trump, Verdict Be Damned". Bloomberg News . Retrieved November 19, 2024.
  19. ↑ Schleifer, Theodore (November 11, 2024). "Donald Trump Jr. Joining a Venture Capital Firm". The New York Times . Retrieved December 14, 2024.
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