Michael Sherwood (banker)

For the American musician, see Michael Sherwood.

Michael Sherwood
Born July 1965
Residence London, U.K.
Education Westminster School
Alma mater University of Manchester
Occupation Banker
Net worth GBP£185 million (2015)[1]
Religion Judaism
Spouse(s) Melanie Sherwood
Children 2

Michael Sherwood, also known as Woody,[2] (born 1965) is a British banker. He serves as the vice chairman of Goldman Sachs and the co-chief executive officer of Goldman Sachs International.

Early life

Michael Sherwood was born in July 1965 in London.[3][4] His father was "the owner of a chemical company" and his mother was an academic.[5] He grew up in Highgate, North London.[3]

Sherwood was educated at the Westminster School.[6] He graduated from the University of Manchester, where he received a bachelor's degree in economics.[5][6]

Career

Sherwood started his career at Goldman Sachs in 1986.[5][6] He has served as the co-chief executive officer of Goldman Sachs International since 2005.[7] Additionally, he has served as the vice chairman of Goldman Sachs since 2008.[7]

Sherwood acquired Smythson for GBP£16 million in 2005 and sold it for GBP£18 million in 2009.[6] He invested GBP£400,000 in Tottenham Hotspur F.C., a football club in Tottenham, London, in 2009.[6] He formerly served on the board of directors of Watford F.C., a football club in Watford near London.[6] 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.[1]

Sherwood is opposed to Brexit.[11]

Philanthropy

Sherwood serves as the chairman of the Development Committee at his alma mater, the Westminster School.[12] He has donated to the Harefield Academy.[12] He serves on the board of trustees of Greenhouse Sports, a non-profit organisation which encourages children to play sports.[12] With his wife, Sherwood has made charitable contributions to the Jewish Museum London via their Melanie and Michael Sherwood Foundation.[13]

Personal life

Sherwood is married to Melanie.[6] They reside near Regent's Park in central London with their two children.[6] Sherwood is Jewish.[11][14]

References

  1. 1 2 "Sunday Times Rich List". The Sunday Times (page 72). April 26, 2015.
  2. ↑ Braithwaite, Tom; Alloway, Tracy (November 7, 2013). "Goldman repositions Sherwood in reshuffle". Financial Times. Retrieved February 26, 2016.
  3. 1 2 Mathiason, Nick (April 6, 2008). "Winner in the battle of the bulges". The Guardian. Retrieved February 26, 2016.
  4. ↑ Mathiason, Nick (April 6, 2008). "Winner in the battle of the bulges". The Guardian. Retrieved February 26, 2016.
  5. 1 2 3 Nisse, Jason (December 19, 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. Retrieved February 26, 2016.
  6. 1 2 3 4 5 6 7 8 "Profile: Michael Sherwood - the UK's golden Goldman boy". The Daily Telegraph. November 19, 2010. Retrieved February 26, 2016.
  7. 1 2 "Michael Sherwood, Vice Chairman". Goldman Sachs. Retrieved February 26, 2016.
  8. ↑ "Board of Directors: Michael Sherwood". Rothesay Life. Retrieved February 26, 2016.
  9. ↑ Rushton, Katherine (January 19, 2013). "Goldman Sachs top City banker Michael Sherwood receives $15.8m share bonus". The Daily Telegraph. Retrieved February 26, 2016.
  10. ↑ "Michael S. Sherwood". Bloomberg Business. Retrieved February 26, 2016.
  11. 1 2 "Uncertainty of Brexit would be bad for business, say leading figures". The Jewish Chronicle. February 25, 2016. Retrieved February 26, 2016.
  12. 1 2 3 "Trustees". Greenhouse Sports. Retrieved February 26, 2016.
  13. ↑ "Our supporters". Jewish Museum London. Retrieved February 26, 2016.
  14. ↑ Krieger, Candice (March 15, 2012). "Striving to rediscover hunger will make successful start-ups". The Jewish Chronicle. Retrieved February 26, 2016.
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