Thomas Secunda

Last updated
Thomas Secunda
Born1954 (age 6465)
Residence Croton-on-Hudson, New York
Nationality United States
Alma mater Binghamton University
OccupationFounding Partner, Vice Chairman & Global Head of Financial Products & Services of Bloomberg L.P.
Net worthIncrease2.svg US$ 2.8 billion (December 2019) [1]
Spouse(s)Cynthia Cohen Secunda
Childrentwo

Thomas "Tom" Secunda (born 1954) is an American business executive, best known as one of the original four co-founders of Bloomberg L.P. and current vice chairman of the company's board. [2] He has signed Giving Pledge which commits him to donating the majority of his wealth to charity.

Contents

Early life and education

Thomas Secunda was born in 1954 in Bethpage, New York. [3] He graduated from Binghamton University with Bachelor's and Master's Degrees in mathematics. [4]

Career

Beginning his career as a programmer, [5] Thomas Secunda worked as a fixed-income trader at Morgan Stanley, as well as a systems researcher at Salomon Brothers, where he worked alongside future co-founder of Bloomberg L.P. and Mayor of New York City Michael Bloomberg. [3]

In 1982, Secunda joined his former Salomon Brothers colleagues Michael Bloomberg, Duncan MacMillan, and Charles Zegar to set up Innovative Market Systems, later renamed Bloomberg L.P. in 1987. [6] He serves as the global head of Bloomberg’s Financial Products and Services where his primary responsibility is to help Bloomberg develop new features and tools for the Bloomberg Professional service, the company’s primary product, driving 85 percent of its estimated $7 billion in revenue. [7] As head of Financial Products, Secunda oversees a global staff of 6,000. [8] In July 2011, Secunda was appointed vice chairman of Bloomberg L.P.. [9]

In addition to being one of the four co-founders of Bloomberg L.P., Secunda sits on the board of directors. [10] When asked about Bloomberg, Secunda has said, "I'm immensely proud of the culture, the people and the company. The product is wonderful and I'm very proud of that as well." [5]

Philanthropy

Secunda and his wife Cindy are signatories of the Giving Pledge. [11] The beneficiaries of the couple's charitable giving are primarily organizations that focus on "National Parks, local parks, conservation, healthcare and Jewish causes." [11] [12] Since devastating 2017 hurricane impacted the U.S. Virgin Islands and other parts of the Caribbean, Secunda has been deeply involved in reconstruction efforts there. [13] In 2011, Secunda was appointed Chairman of the Board of Directors for the National Parks Conservation Association. He also serves on the board of trustees for the Intrepid Museum Foundation, [14] and on the board of directors of the Manhattan Theater Club. [15] In 2012, he was awarded the Simon Wiesenthal Center's award for his philanthropic work. [16]

Personal life

Secunda currently lives with his wife, Cynthia "Cindy" Cohen, who is also Jewish, [17] [18] and their two daughters in Croton-on-Hudson, New York. [15]

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References

  1. Forbes: The World's Billionaires - Thomas Secunda December 5, 2019
  2. Business Media (July 13, 2011). "Bloomberg Names Doctoroff CEO". Media Business. Archived from the original on March 19, 2012. Retrieved July 20, 2011.
  3. 1 2 "The 400 Richest Americans". September 17, 2008. Retrieved July 20, 2011.
  4. "Department of Computer Science". Archived from the original on July 18, 2011. Retrieved July 20, 2011.
  5. 1 2 MacSweeney, Greg (March 23, 2011). "In His Own Words: Q&A with Bloomberg Cofounder Thomas Secunda". Wall Street and Technology. Retrieved July 20, 2011.
  6. "Thomas Secunda". Forbes. Retrieved July 20, 2011.
  7. "In His Own Words: Q&A with Bloomberg Cofounder Thomas Secunda".
  8. "Thomas Secunda Bloomberg Bio Page".
  9. New York Times: "Mayor's Ex-Deputy Named Chief of Bloomberg L.P." By BRIAN STELTER July 13, 2011
  10. Loomis, Carol (April 5, 2007). "Bloomberg's Money Machine". CNN Money. Retrieved July 20, 2011.
  11. 1 2 The Giving Pledge: "STATEMENT BY TOM AND CINDY SECUNDA TO 'THE GIVING PLEDGE'" Archived February 26, 2013, at the Wayback Machine June 2011
  12. The Cortland Daily Voice: "Croton Billionaire Thomas Secunda Makes Forbes 400 List" by Jessica Glenza September 21, 2012
  13. Fleischmann, Alan. "All-In Philanthropy: The Story Of Bloomberg LP's Rebuilding Team In The U.S. Virgin Islands". Forbes. Retrieved July 10, 2019.
  14. "Board of Trustees". Intrepid. Retrieved July 20, 2011.
  15. 1 2 Andrea, Shannon. "Thomas F. Secunda to Chair National Parks Conservation Assoc. Board of Trustees". NPCA. Archived from the original on April 15, 2013. Retrieved July 20, 2011.
  16. The Canadian Jewish News: "Feld Carr Feted" April 19, 2012
  17. New York Times: "Paid Notice: Deaths COHEN, BERNARD" April 8, 2002
  18. Temple Israel of Northern Westchester: "Temple Topics" September 2012