Rich Ricci

Last updated

Rich Ricci
Born
Richard Thomas Ricci

1964 (age 60–61)
Nebraska, United States
OccupationRacehorse owner
Known forBanker at Barclays
SpouseSusannah Ricci

Richard Thomas Ricci [1] is an American-British banker and racehorse owner. [2] He was previously Chief Executive of Barclays Bank's Corporate and Investment banking. [3]

Contents

Early life and career

Ricci was born in Nebraska, United States in 1964. [4] He earned a bachelors degree in finance from Creighton University. [5] He started banking for the Bank of Boston and then the Bank of New England. [5] He joined Barclays de Zoete Wedd (BZW) in the United Kingdom in 1994. [6] In 2002, he became the Chief Operating Officer of Barclays Global Investors before becoming head of Barclays Investment Banking and Management. [5] In 2008, he was part of the team that took over Lehmann Brothers' Investment arm for Barclays and oversaw their integration with Barclays. [5] [7] In 2011, he received a bonus of £44 million, with newspapers attributing his name to nominative determinism. [8] Due to the Libor scandal, Ricci did not receive a bonus for 2012, however he did earn £17 million after selling Barclays shares after they were released to senior executives. [9] Ricci resigned from Barclays in 2013. [3] After leaving Barclays, he became head of the Liberum Investment Bank. [10]

Horse racing

The silks worn by horses owned by Rich Ricci Owner Mrs S Ricci.svg
The silks worn by horses owned by Rich Ricci

Despite being based in England for much of his career, Ricci and his wife Susannah have been involved in horse racing in Ireland since 2005, [11] [12] owning a large number of racehorses trained by champion trainer Willie Mullins. [13] He later started entering them in British and Australian races. [14] Following an article in The Independent that called him "the fat cat in the hat", Ricci retaliated by naming one of his horses Fatcatinthehat. [15] At the 2016 Cheltenham Festival, 3 of his horses won earning him £248,000. [10]

Personal life

Ricci is married to Susannah, an accountant. [16] The couple own the Yotes Court vineyard in Kent. [17]

Related Research Articles

<span class="mw-page-title-main">Cheltenham Festival</span> British horse racing festival

The Cheltenham Festival is a horse racing-based meeting in the National Hunt racing calendar in the United Kingdom, with race prize money second only to the Grand National. The four-day festival takes place annually in March at Cheltenham Racecourse in Cheltenham, Gloucestershire. It usually coincides with Saint Patrick's Day and is particularly popular with Irish visitors.

Weatherbys Ltd. is a UK conglomerate involved in a wide range of activities largely within banking and horse racing. The original business was founded by James Weatherby in 1770.

The Supreme Novices' Hurdle is a Grade 1 National Hunt hurdle race in Great Britain which is open to horses aged four years or older. It is run on the Old Course at Cheltenham over a distance of about 2 miles and ½ furlong, and during its running there are eight hurdles to be jumped. The race is for novice hurdlers, and it is scheduled to take place each year during the Cheltenham Festival in March.

<span class="mw-page-title-main">Dawn Run</span> Irish-bred Thoroughbred racehorse (1978–1986)

Dawn Run (1978–1986) was an Irish Thoroughbred racehorse and the most successful mare in the history of National Hunt racing. She won the Champion Hurdle at the Cheltenham Festival in 1984 and the Cheltenham Gold Cup over fences at the festival in 1986. Dawn Run was the only racehorse ever to complete the Champion Hurdle-Gold Cup double. She was only the second mare to win the Champion Hurdle and one of only four who have won the Cheltenham Gold Cup. She was the only horse ever to complete the English, Irish and French Champion Hurdle treble. With a Timeform rating of 173, she is the highest-ranked mare ever to appear over jumps.

Martin Charles Pipe, is an English former racehorse trainer credited with professionalising the British racehorse training industry, and as of 2021 the most successful trainer in British jump racing.

<span class="mw-page-title-main">Willie Mullins</span> Irish horseracing trainer

William Peter Mullins is an Irish racehorse trainer and former jockey. He is a seventeen-time Irish National Hunt Champion trainer. Mullins is the most successful trainer in the history of the Cheltenham Festival, having saddled more than 100 winners.

Gordon Elliott is a County Meath-based National Hunt racehorse trainer. After riding as an amateur jockey, he took out a trainer's licence in 2006. He was 29 when his first Grand National entry, the 33 to 1 outsider Silver Birch, won the 2007 race. In 2018 and 2019 he won the Grand National with Tiger Roll, ridden by Davy Russell and owned by Gigginstown House Stud, the first horse since Red Rum to win the race twice. In 2018 he also won the Irish Grand National, with General Principle. On two occasions, in 2017 and 2018, he was the top trainer at the Cheltenham Festival.

<span class="mw-page-title-main">Hurricane Fly</span> Irish-bred Thoroughbred racehorse

Hurricane Fly is a retired Irish Thoroughbred racehorse best known for his performances in hurdle races when under the care of trainer Willie Mullins at Closutton in County Carlow in Ireland. He is a dual winner of the Champion Hurdle and previously held the world record for most Grade 1 races won by any racehorse until overtaken by Winx in 2019. Originally bred to be a flat racer, the gelding began his racing career in France where he had moderate success, winning twice in ten races. At the end of 2007 he was sold and transferred to Ireland where he began to compete in National Hunt events. On 15 March 2011, Hurricane Fly ridden by Ruby Walsh won the Champion Hurdle at Cheltenham.

<span class="mw-page-title-main">Sir Des Champs</span> French-bred Thoroughbred racehorse

Sir Des Champs was a French-bred, Irish-trained AQPS racehorse who competed in National Hunt races. After winning only one of his five races in his native country, Sir Des Champs was transferred to Ireland and won seven races in succession including the Martin Pipe Conditional Jockeys' Handicap Hurdle, Greenmount Park Novice Chase, Killiney Novice Chase, Jewson Novices' Chase and Growise Champion Novice Chase. The 2012/2013 saw the emergence of a rivalry between Sir Des Champs and another Irish-trained chaser Flemenstar. After beating his rival in the Hennessy Gold Cup, Sir Des Champs was regarded as a leading contender for the 2013 Cheltenham Gold Cup in which he finished second to Bobs Worth. He suffered a fatal injury when competing in Point-to-point racing in May 2018.

<span class="mw-page-title-main">Quevega</span> French-bred racehorse

Quevega is a retired French-bred Irish-trained National Hunt mare, best known for winning the David Nicholson Mares' Hurdle at the Cheltenham Festival a record six times in a row, beating the previous record set by Golden Miller's five consecutive Gold Cups in the 1930s. She also won the World Series Hurdle at Punchestown over three miles four times, but was beaten in her attempt at a fifth successive win at the 2014 Festival.

<span class="mw-page-title-main">Blackstairmountain</span> Irish-bred Thoroughbred racehorse

Blackstairmountain is an Irish racehorse best known for winning the Nakayama Grand Jump in 2013. He is the first horse trained in Europe to win the race.

<span class="mw-page-title-main">Annie Power</span> Irish-bred Thoroughbred racehorse

Annie Power is an Irish Thoroughbred racehorse. A National Hunt horse specialising in hurdle racing, she won fifteen of her seventeen races including the Johnstown Novice Hurdle, Irish Stallion Farms EBF Mares Novice Hurdle, Ascot Hurdle, Doncaster Mares' Hurdle and Mares Champion Hurdle. In 2016, she became the first mare for twenty two years to win the Champion Hurdle.

<span class="mw-page-title-main">Champagne Fever</span> Irish-bred Thoroughbred racehorse

Champagne Fever is an Irish Thoroughbred racehorse who competes in National Hunt racing. He is noted for his front-running style and has won seven of his thirteen races. After beginning his racing career on the amateur point-to-point circuit he became the dominant National Hunt Flat performer in Britain and Ireland in 2012, winning the Champion Bumper and the Champion INH Flat Race. In the following season he was campaigned in novice hurdle races and won two more Grade I races, the Deloitte Novice Hurdle in Ireland and Supreme Novices' Hurdle in England. In his first season over steeplechase fences he won one minor race and finished second in the Arkle Challenge Trophy and in the following year he added win in the Clonmel Oil Chase and Red Mills Chase.

<span class="mw-page-title-main">Faugheen</span> Racehorse trained in Ireland

Faugheen is an Irish Thoroughbred racehorse best known for winning the 2015 Champion Hurdle and back-to-back Christmas Hurdles in 2014 and 2015. His best performance on a racecourse came in the 2016 Irish Champion Hurdle for which he was rated the best two-mile hurdler of the 21st century. His career started over Point-to-point fences as a four-year-old and was sent racing under National Hunt rules in the 2013/2014 season where he emerged as a leading Novice hurdler, winning all of his races including the Dorans Pride Novice Hurdle, Cheltenham Novices Hurdle and Herald Champion Novice Hurdle acquiring the nickname "The Machine" in the process.

<span class="mw-page-title-main">Vautour (horse)</span> French-bred Thoroughbred racehorse

Vautour was a Thoroughbred racehorse who competed in National Hunt racing and won three times at the Cheltenham Festival. After beginning his racing career in France he moved to Ireland and made an immediate impact over hurdles in the spring of 2014 winning the Moscow Flyer Novice Hurdle, Deloitte Novice Hurdle, Supreme Novices' Hurdle and Tattersalls Champion Novice Hurdle.

<span class="mw-page-title-main">Un de Sceaux</span> French racehorse

Un de Sceaux is a French-bred AQPS racehorse who competed in National Hunt racing. After winning both his races in France he was transferred to the yard of trainer Willie Mullins in Ireland where he won two novice hurdles. In the 2013/14 National Hunt season he was undefeated in five races including the Red Mills Trial Hurdle in Ireland and both the Prix Hypothese and the Prix Leon Rambaud in France. When switched to steeplechases he recovered from a fall on his debut to win the Arkle Novice Chase, Arkle Challenge Trophy and Ryanair Novice Chase in the 2014/15 season. In 2015/16 he won the Clarence House Chase but was beaten by Sprinter Sacre when favourite for the Queen Mother Champion Chase. He began the 2016/17 season with a win in the Tingle Creek Chase and followed up with his second victory in the Clarence House Chase before taking the Ryanair Chase in March. In 2018 Un de Sceaux became the first horse to win three Clarence House chases but was disappointed at Cheltenham by Balko des Flos when attempting to regain his Ryanair crown. He finished the season on a high by winning the Devenish Chase at Fairyhouse before surprising his stablemate Douvan in the Punchestown Champion Chase, a race he won again in 2019. In the 2019/20 season he was beaten into second place by Defi Du Seuil in both the Tingle Creek Chase and the Clarence House Chase. In February 2020, while preparing for his sixth trip to the Cheltenham Festival, Un de Sceaux sustained a suspensory ligament injury and Mullins announced that the twelve-year-old would be retired to France. He had won 23 of his 34 starts, including ten Grade 1 victories.

Don Poli is a retired Irish thoroughbred racehorse.

<span class="mw-page-title-main">Douvan</span> National Hunt racehorse trained in Ireland

Douvan is a French-bred, Irish-trained Thoroughbred racehorse who competes in National Hunt racing. He was originally trained in France before moving to Ireland in the summer of 2014. After finishing second on his debut he won his remaining five races over hurdles including the Moscow Flyer Novice Hurdle, Supreme Novices' Hurdle and Herald Champion Novice Hurdle. In the following year he was switched to steeplechasing and won all his six races over fences as a novice including the Racing Post Novice Chase, Arkle Novice Chase, Arkle Challenge Trophy, Maghull Novices' Chase and Ryanair Novice Chase. In the 2016–17 season he continued his unbeaten run in steeplechases by winning his first three starts, including the Grade One Paddy Power Cashcard Chase, before suffering his first defeat over fences when favourite for the Queen Mother Champion Chase.

<span class="mw-page-title-main">Djakadam</span> French-bred Thoroughbred racehorse

Djakadam is a French-bred, Irish-trained Thoroughbred racehorse who competes in National Hunt races.

<span class="mw-page-title-main">Al Boum Photo</span> French-bred Thoroughbred National Hunt racehorse

Al Boum Photo is a French-bred, Irish-trained racehorse who won the Cheltenham Gold Cup in 2019 and 2020.

References

  1. ↑ "Richard Thomas RICCI". Companies House. Retrieved 1 January 2025.
  2. ↑ Souster, Mark (13 March 2017). "Ricci is the former banker repairing his image on racecourse" . The Times. Retrieved 3 January 2025.
  3. 1 2 Ferdman, Roberto A. (18 April 2013). "Ten things to know about Rich Ricci's rise to riches". Quartz. Retrieved 1 January 2025.
  4. ↑ Partington, Richard. "Rich Ricci: Last of the four musketeers leaves Barclays". Financial News. Retrieved 1 January 2025.
  5. 1 2 3 4 "Rich Ricci profile: banking, horses and lottery tickets". The Telegraph. 18 April 2013. Retrieved 1 January 2025.
  6. ↑ Goyder, Bernard. "Rich Ricci rides into fintech". Financial News. Retrieved 1 January 2025.
  7. ↑ Treanor, Jill (18 April 2013). "Rich Ricci: laughing all the way from Barclays bank". The Guardian. Retrieved 1 January 2025.
  8. ↑ Highfield, Roger (10 April 2012). "The name game - the weird science of nominative determinism". The Standard. Retrieved 3 January 2025.
  9. ↑ "Barclays bosses handed £40m bonus pot". The Telegraph. 20 March 2013. Retrieved 1 January 2025.
  10. 1 2 Gulliver-Needham, Elliot (16 January 2024). "Rich Ricci: Who is the horse racing chief of the City's newest investment bank?". City AM. Retrieved 1 January 2025.
  11. ↑ "The American who threatens to dominate the Cheltenham Festival | Topics: Willie Mullins, Cheltenham Festival, Rich Ricci". Thoroughbred Racing Commentary. Retrieved 3 January 2025.
  12. ↑ Kealy, Paul (31 October 2024). "'Willie has become convinced he's a Champion Chase winner in the making' - Rich and Susannah Ricci stable tour". www.racingpost.com. Retrieved 3 January 2025.
  13. ↑ "Ricci pledges his future to Irish racing with Willie Mullins". Irish Independent. 18 September 2013. Retrieved 3 January 2025.
  14. ↑ "Rich Ricci ready to roll". At The Races. Retrieved 2 January 2025.
  15. ↑ "Fatcatinthehat: Banker Rich Ricci comes first in the giving your racehorse a funny name stakes". The Independent. 11 March 2013. Retrieved 3 January 2025.
  16. ↑ "Rich Ricci ready to roll". At The Races. Retrieved 3 January 2025.
  17. ↑ Marquis, Christopher. "England's Yotes Court Vineyard Is Letting Nature Do The Work". Forbes. Retrieved 3 January 2025.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.