Charles S. Sanford Jr.

Last updated

Charles Steadman "Charlie" Sanford (died September 4, 2018) was an American businessman who served as Chairman of the Board and Chief Executive Officer of Bankers Trust.

After graduating from the University of Georgia in 1958, where he was a member of the Gridiron Secret Society, Sanford served as a United States Army lieutenant. Sanford then returned to school and obtained an MBA from the Wharton School of the University of Pennsylvania in 1960.

Sanford's career at Bankers Trust began in 1961 as a commercial banking officer, and he was promoted through the ranks culminating in the positions of chairman and chief executive officer in 1987. Sanford retired from the company in 1996. [1]

Sanford is credited with implementing the first value at risk (VaR) model. Prior to Sanford's quantitative measurement, credit and market risk was defined through ad hoc measures.

Sanford died September 4, 2018, at Oak Hammock at the University of Florida in Gainesville, Florida. [2]

Related Research Articles

<span class="mw-page-title-main">Sanford I. Weill</span> American banker and philanthropist (born 1933)

Sanford I. "Sandy" Weill is an American banker, financier and philanthropist. He is a former chief executive and chairman of Citigroup. He served in those positions from 1998 until October 1, 2003, and April 18, 2006, respectively.

Robert George "Bob" Wilmers was an American billionaire banker. He was the chairman and CEO of M&T Bank from 1983 until his death in 2017, except for an 18-month break in 2005 - 2006.

<span class="mw-page-title-main">Charles Prince</span> American corporate executive and lawyer (born 1950)

Charles Owen "Chuck" Prince III is an American corporate executive and lawyer. He is a former chairman and chief executive of Citigroup. He succeeded Sandy Weill as the chief executive of the firm in 2003, and as the chairman of the board in 2006. On November 4, 2007, he retired from both his chairman and chief executive duties due to unexpectedly poor 3rd quarter performance, mainly due to CDO and MBS related losses, while still receiving a $38m pay package.

Bankers Trust was a historic American banking organization. The bank merged with Alex. Brown & Sons in 1997 before being acquired by Deutsche Bank in 1999. Deutsche Bank sold the Trust and Custody division of Bankers Trust to State Street Corporation in 2003.

<span class="mw-page-title-main">American Bankers Association</span> Trade association for the U.S. banking industry

The American Bankers Association (ABA) is a Washington, D.C.-based trade association for the U.S. banking industry, founded in 1875. They lobby for banks of all sizes and bank charters, including community banks, regional and money center banks, Federal savings associations, mutual savings banks, and trust companies. The average member bank has approximately $250 million in assets. ABA is the largest financial trade group in the United States.

<span class="mw-page-title-main">Northern Trust</span> American financial services company

Northern Trust Corporation is an American financial services company headquartered in Chicago, Illinois that caters to corporations, institutional investors, and ultra high net worth individuals. Northern Trust is one of the largest banking institutions in the United States and one of the oldest banks in continuous operation. As of June 30, 2022, it had $1.7 trillion in assets under management and $17 trillion in assets under custody. Northern Trust Corporation is incorporated in Delaware.

Charles A. Agemian was an Armenian-American banker who took early retirement from Chase Manhattan Bank, where he was executive vice president of operations, to become chairman and chief executive officer of the Hackensack Trust Co., which later was renamed Garden State National Bank.

Douglas 'Sandy' Warner is an American banker who joined Morgan Guaranty Trust Company of New York out of college in 1968 as an officer's assistant and rose through the ranks to become chief executive officer and chairman of the board of J.P. Morgan & Co. Inc. in 1995. Among his many accomplishments, Warner may be best known for spearheading the 2000 sale of J P Morgan & Co. to Chase Manhattan Bank for $30.9 billion.

Edward "Ed" Liddy is an American businessman who was chairman of the Allstate Corporation from 1999 to 2008.

<span class="mw-page-title-main">Robert A. Green</span> American politician

Robert Alexis (Lex) Green was an American educator, lawyer, jurist, and politician who served as a U.S. Representative from Florida from 1925 to 1944.

Brian Daniel (Dan) Berger is an economist and president and chief executive officer of the National Association of Federally-Insured Credit Unions.

<span class="mw-page-title-main">Alfred A. McKethan</span> American banker

Alfred Augustus McKethan was a prominent American banker, citrus grower, businessman and political appointee who was a native and resident of Florida.

Marcel Rohner is a Swiss businessman and banker. Rohner was group chief executive officer at UBS AG from 6 July 2007 until 26 February 2009, and on the group executive board from October 2007 until his resignation. Since 2016, he serves as vice president of Union Bancaire Privée, and since 2021 as chairman of the Swiss Bankers Association. Rohner is an ally of Thomas Matter and holds a 5% stake of Helvetische Bank AG.

Daniel Pomeroy Davison was an American banker who served from 1979 to 1990 as president of United States Trust, the oldest trust company in the United States, helping guide the company's transformation and growth through a focus on the richest of the rich, offering such personal services as walking the dogs of its top clients.

Omar Ahmad was an American Internet entrepreneur and politician. Ahmad formerly served as the Chief technology officer of Napster in addition to many other positions and ventures in Silicon Valley. In 2007, he was elected to the city council of San Carlos, California. He served as Mayor of San Carlos from November 2010 until his death in 2011.

<span class="mw-page-title-main">Charles E. Cobb</span> American businessman

Charles Elvan Cobb, Jr. is an American businessman. He is currently the chief executive officer and senior managing director of Cobb Partners, Ltd., an investment firm. He was the chairman and chief executive officer of Arvida Corporation and Disney Development Company during the 1970s and 1980s. Arvida was a public company and then a subsidiary of Penn Central Transportation Company and later of The Walt Disney Company.

Dennis C. Bottorff is an American businessman, banker and philanthropist. As chairman and chief executive officer of the First American Corporation, he was responsible for its merger with the AmSouth Bancorporation. He served as the chairman of the Tennessee Valley Authority from 2010 to 2012. He is the co-founder and general partner of Council Capital, a private equity and venture capital firm based in Nashville, Tennessee. He is also the co-founder and the chairman of CapStar Bank.

Frank K. Houston (1881–1973) was an American banker and philanthropist. Born on a Southern plantation in Tennessee, he was a banking executive in Nashville, Tennessee, and St. Louis, Missouri, in the 1900s-1910s. He joined the Chemical Corn Exchange Bank in New York City in 1920, and served as its president from 1935 to 1945, and as its chairman and chief executive officer from 1945 to 1947.

Thomas I. Barkin is an American central banker, who became the eighth president and CEO of the Federal Reserve Bank of Richmond on January 1, 2018. He worked at global management consulting firm McKinsey & Company for 30 years in increasingly senior positions, including as global chief financial officer (CFO) and chief risk officer, with oversight of finance, legal and information technology functions, among others. He also served on the executive committee of the Metro Atlanta Chamber of Commerce, as an Emory University Board of Trustees member, and former board member and chairman of the Federal Reserve Bank of Atlanta.

<span class="mw-page-title-main">Brian P. Brooks</span> American government official (born 1969)

Brian P. Brooks is an American lawyer, banker, entrepreneur, technologist, and former government official. He served as Acting Comptroller of the Currency from May 29, 2020, succeeding the 31st Comptroller of the Currency Joseph Otting, until January 14, 2021. Brooks was nominated twice by President Donald Trump for a five-year term as Comptroller of the Currency, once during the 116th Congress, and once in the 117th Congress.

References

  1. "Bankers Trust chief to retire next year". The Buffalo News . 17 May 1995. Retrieved 11 March 2011.
  2. "CHARLES SANFORD Obituary (2018) - Gainesville, FL - Gainesville Sun". Legacy.com.