Lord Davies of Abersoch is Chairman of Corsair and serves as a member of the Investment Committee. He joined Corsair in 2010 and is based in London.
Lord Davies was U.K. Minister for Trade, Investment and Small Business and Infrastructure in 2009-2010. Prior to this appointment, he was Chairman of Standard Chartered PLC. He joined the Board of Standard Chartered PLC in 1997 and was Group Chief Executive from 2001 until 2006.
He was awarded a CBE for his services to the financial sector and the community in Hong Kong in 2002 where he served as a member of the HK Exchange fund for seven years. Lord Davies is also a JP in Hong Kong, and he is an Honorary Distinguished Professor at Cardiff Business School.
Mr. Jayanti is the Managing Partner of Corsair and serves as Chairman of the Investment Committee. He joined Corsair in 1993 when the first Corsair fund was launched and is based in New York. Mr. Jayanti is a director of Corsair portfolio company First Eagle Investment Management.
Prior to spinning off Corsair as an independent business from J.P. Morgan Chase & Co. in 2006, Mr. Jayanti played a key role as a senior member of the investment team of the predecessor Corsair funds and also was responsible for managing the operations of the Corsair business from 1994 onwards. From 1994 to 1999, Mr. Jayanti was also a senior member of the Investment Banking Department of J.P. Morgan, where he headed the Emerging Markets Financial Institutions group. Prior to J.P. Morgan, Mr. Jayanti worked at Credit Suisse First Boston in the Financial Institutions group both in New York and London. His investment banking experience includes complex advisory assignments in the United States, Europe, Asia and Latin America.
Mr. Jayanti holds both a B.A. and an M.A. in Economics from Queens’ College, Cambridge University. He is a member of the International Advisory Board of BritishAmerican Business.
Mr. Jayanti is also a Fellow of the inaugural class of the Finance Leaders Fellowship Program and a member of the Aspen Global Leadership Network.
Mr. Paumgarten is Founder of Corsair and serves as a member of the Investment Committee. He is based in New York.
Prior to spinning off Corsair as an independent business in 2006, Mr. Paumgarten was a Managing Director at J.P. Morgan Chase & Co. and its predecessor companies, J.P. Morgan & Co., which he joined in 1992 to raise Corsair I. While at J.P. Morgan Chase & Co., Mr. Paumgarten served as Chairman of Corsair I and Corsair II. From 1994 to 1999, he also held a number of senior management positions in the Investment Banking Department of J.P. Morgan Chase & Co., including Co-Head of the Financial Institutions group and Co-Head of the Mergers and Acquisitions group for the Americas. Previously, he headed Credit Suisse First Boston’s Financial Institutions group.
As an investment banker in the financial services sector for over 30 years, Mr. Paumgarten was an early proponent of consolidation in the industry and has participated in numerous landmark transactions including the sale of Barnett Banks to Nationsbank, the spin-off of Capital One from Signet Bank and the sale of First Security to Wells Fargo.
Mr. Paumgarten holds a B.A. in History from the University of Pennsylvania, where he is Chairman of Friends of Pennsylvania Rowing, and an M.B.A. from Columbia University. Mr. Paumgarten is a director of Corsair portfolio company Jackson Hewitt Tax Service Inc.
Mr. Estes is a Partner of Corsair and serves as a member of the Investment Committee. Having joined Corsair’s New York office in 2006, he relocated to London in 2013. Mr. Estes is a director of Corsair portfolio companies Axo, Currencies Direct, RGI S.p.A. and ZEDRA.
Prior to joining Corsair, Mr. Estes was a member of Merrill Lynch’s Financial Institutions Group in New York.
Mr. Estes holds a B.A. in English and Political Science from Williams College.
Mr. Hadji-Touma is a Partner of Corsair and serves as a member of the Investment Committee. He joined Corsair in 2006 and is based in London. Mr. Hadji-Touma is a board member of Corsair portfolio companies Currencies Direct, IDNow, NoteMachine, RGI S.p.A and ZEDRA.
From 1997 to 2000, concurrent with his responsibilities at Corsair, Mr. Hadji-Touma served as a member of the Emerging Markets Financial Institutions group at J.P. Morgan Chase & Co. where he worked on a variety of transactions advising financial services companies and governments in both Latin America and Asia. Prior to joining Corsair, Mr. Hadji-Touma was responsible for establishing and managing Babcock & Brown Global Partners, a private equity co-investment vehicle sponsored by the Babcock & Brown Group. There he co-managed both the co-investment activities of the fund and investor relations. Between 2001 and 2003, Mr. Hadji-Touma served as an investment professional at Rhône Capital, a global buyout firm.
Mr. Hadji-Touma holds a B.S. in International Relations from Georgetown University.
Ms. Hill is a Partner of Corsair and the Global Co-Head of Investor Relations. She serves as a member of the Investment Committee. Ms Hill joined Corsair in 2020 and is based in New York.
Ms. Hill is responsible for investor relations with limited partners in North America and Canada. Prior to joining Corsair, Ms. Hill spent 5 years as a Managing Director at FocusPoint Private Capital Group, a private placement firm, responsible for raising assets from investors on the West Coast and Texas. Prior to FocusPoint, Ms. Hill was a Director at the Council on Foreign Relations (“CFR”) for their Corporate Membership team. Prior to the CFR, Ms. Hill was a Director at Fortress Investment Group in their Capital Formation Group, and before that was a Director on Blackstone’s Private Equity fundraising team.
Ms. Hill holds a BA in Political Science from Boston College and serves as an advisor to Material Impact Fund and Fernbrook Capital Management.
Mr. Karam is a Partner of Corsair and the Global Co-Head of Investor Relations. He serves as a member of the Investment Committee. Mr. Karam joined Corsair in 2013 and is based in London.
Mr. Karam is responsible for investor relations with limited partners. Prior to joining Corsair, Mr. Karam spent 10 years as Managing Director at Wedge Alternatives, a private investment office and placement firm, responsible for business development and the firm’s overall management. Prior to Wedge Alternatives, Mr. Karam was an Executive Director with Lehman Brothers’ Institutional Client Group servicing middle market accounts on mainly equity, fixed income and structured products. Prior to Lehman Brothers, Mr. Karam was an Associate with CIBC Oppenheimer’s Institutional Client Group.
Mr. Karam holds a BSc in Business Administration from Huron University and has also attended McGill University, Montreal.
Ms. Knapp is a Partner and the Operating Officer of Corsair and a member of the firm’s Investment Committee. She joined Corsair in 2001 and is based in New York.
Ms. Knapp leads the finance, legal, compliance, human talent, information technology and office management functions of Corsair. She is also involved with investor relations and various other initiatives at the firm. Prior to joining Corsair, Ms. Knapp was an Associate with J.P. Morgan Chase & Co., where she was involved with the firm’s role as sponsor of the first two Corsair funds raised. Previously, she worked at PricewaterhouseCoopers LLP in the firm’s capital markets audit and assurance practice.
Ms. Knapp is a certified public accountant, holds a B.S. in Accounting from the University at Albany, SUNY and an M.B.A. from the New York University Stern School of Business. She is a board member of The University at Albany Foundation, serves on the Dean’s Advisory Board for The University at Albany, SUNY’s School of Business, and a member of the NY Women’s Forum.
Mr. Cabral is Chief Financial Officer of Corsair Capital. He joined Corsair in 2017 and is based in New York.
Mr. Cabral leads the finance functions of Corsair. Prior to joining Corsair, Mr. Cabral was the Vice President of Finance at Riverstone Equity Partners, where he managed the finance functions for the firm and served as Chief Financial Officer of the credit business. Prior to Riverstone, Mr. Cabral was Chief Financial Officer of Hampshire Equity Partners and Arsenal Capital Partners, both middle market buyout firms. Prior to Arsenal, Mr. Cabral was a Vice President in the Private Investment Accounting Group at Goldman Sachs & Company. Mr. Cabral started his career at PricewaterhouseCoopers.
Mr. Cabral earned a B.S. degree in Accounting from Villanova University and is a Certified Public Accountant in the state of New York.
Mr. Overstrom is a Partner of Corsair and serves as a member of the Investment Committee. He joined Corsair in 2020 and has been involved with a number of the firm’s investments since 2014. Mr. Overstrom is a director of Corsair portfolio companies First Eagle Investment Management and Spring Venture Group.
From 2001 to 2019, Mr. Overstrom held a number of senior roles in the hedge fund industry, including serving as a member of the Management Committee at Maverick Capital where he was responsible for running their investment portfolio in Financial and Business Services and subsequently as the Founder and Managing Principal of Three Corner Global, a boutique hedge fund focused on investing globally in financials, business services, and adjacent sectors. In addition to his public markets investment experience, Mr. Overstrom has been involved in a number of successful private investments in high growth and emerging sectors within financial services. Prior to joining Maverick in 2001, Mr. Overstrom was a member of Morgan Stanley’s Financial Institutions Group in New York from 1994 to 2001 where he worked on many industry-leading mergers and acquisitions and capital raisings. While at Morgan Stanley, Mr. Overstrom also worked with the Corporate Office on strategy and M&A, reviewing potential acquisitions and mergers for the parent company. Prior to Morgan Stanley, Mr. Overstrom worked at Citigroup where he went through the firm’s credit training program, worked on real estate workouts and in firm strategy.
Mr. Overstrom holds a B.A. from Hobart College and an M.B.A. from Cornell University where he received the Wall Street Journal Award in recognition of outstanding achievement in finance and the A. Donald Kelso Award given to individuals who have contributed significantly to the achievement of the school.
Mr. Rajan is a Partner of Corsair Capital and the Head of Corsair Infrastructure Partners. He serves as Chairman of the Investment Committee of Corsair Infrastructure Partners and as a member of the Investment Committee of Corsair Capital. Mr. Rajan joined Corsair Capital in 1999 and is based in New York. Mr. Rajan is a board member of Corsair portfolio companies DP World Australia, Itínere Infraestructuras, Kelda Holdings, Kyobo Life Insurance Company and Vantage Airport Group, and serves as Lead Director of both DP World Australia and Vantage Airport Group.
From 1999 to 2001, concurrent with his responsibilities at Corsair Capital, Mr. Rajan was a member of the Emerging Markets Financial Institutions Group at J.P. Morgan Chase & Co., where he participated in a number of transactions involving financial services companies across multiple geographies.
Mr. Rajan holds a B.A. in Economics and Applied Mathematics from Yale University and an M.B.A. with honors from the Wharton School of the University of Pennsylvania.
Mr. Schein is a Partner of Corsair and serves as a member of the Investment Committee. He joined Corsair in 2001 and is based in New York. Mr. Schein is a director of Corsair portfolio companies Jackson Hewitt Tax Service Inc., NoteMachine, Personal Capital and REPAY Holdings.
Mr. Schein holds a B.A. in Economics from Cornell University.
Mr. Thornburgh is a Senior Advisor of Corsair and serves as a member of the Investment Committee. He joined Corsair in 2006 and is based in New York. Mr. Thornburgh is a director of Repay Holdings Corporation (NASDAQ: RPAY) a Fund IV investment, and chair of the board of Jackson Hewitt Tax Services Inc., a Fund V investment. He served as the lead director of NewStar Financial (NASDAQ: NEWS), a Fund III company sold in October 2017 and is on the board of CapStar Financial (NASDAQ: CSTR) a Fund III company exited in Q3 2019.
Prior to joining Corsair, Mr. Thornburgh was Executive Vice Chairman of Credit Suisse First Boston (“CSFB”). He has over 40 years of experience in the global banking and financial services sector and has held a number of senior leadership positions at Credit Suisse Group.
Mr. Thornburgh began his investment banking career with The First Boston Corporation, a predecessor firm of CSFB, in 1976. He spent 20 years in the investment banking department specializing in financial institutions. He was the first global head of the Financial Institutions group for CSFB. During the ten-year period ending 2005, he served on the Executive Board of Credit Suisse Group and his executive responsibilities included: Chief Financial and Administrative Officer of CSFB, Chief Financial Officer of Credit Suisse Group, Vice Chairman of the Executive Board of CSFB and Chief Risk Officer of Credit Suisse Group.
At the end of April 2018, Mr. Thornburgh reached the term limit for a director of the board of Credit Suisse Group, where he served as Vice Chairman of the board of Credit Suisse Group, chair of the risk committee, member of its audit and nomination and governance committees. He also chaired the board of Credit Suisse Holdings (USA). He serves on the board of S&P Global, Inc. (NYSE: SPGI), where he is chair of the Financial Policy Committee, member of the Executive and Audit Committees. Due to Mr. Thornburgh’s significant business activities outside of Corsair he has had limited involvement in the day-to-day activities of the Firm.
Mr. Thornburgh holds a B.B.A. cum laude from the University of Cincinnati, a M.B.A. from the Harvard Business School and received an honorary doctorate in Commercial Sciences from the University of Cincinnati in 2009. He is the 2016 recipient of the William Howard Taft Medal, the highest honor granted to an alumnus of the University of Cincinnati.
Mr. Wang is General Counsel and Chief Compliance Officer of Corsair. He joined Corsair in 2013 and is based in New York.
Mr. Wang oversees all legal and compliance matters relating to the firm. Prior to joining Corsair, Mr. Wang was a Senior Vice President and Counsel at GSO Capital Partners LP (“GSO”), an affiliate of The Blackstone Group L.P., where he was responsible for legal, transactional, regulatory and compliance issues related to the investment management of private funds, registered funds and separately managed accounts. Prior to joining GSO in January 2008, Mr. Wang served as Assistant Vice President and Associate Counsel to ICON Capital Corp., where in addition to providing legal advice to executive management he had primary SEC filing responsibilities for six publicly registered investment funds. From 2002 to 2006, Mr. Wang was an associate in Latham & Watkins LLP’s corporate transactional practice.
Mr. Wang graduated from Cornell Law School and received a B.A. in American Studies and American History from Northwestern University.
Mr. El-Asmar is a Managing Director of Corsair. Having joined Corsair’s London office in 2009, he relocated to New York in 2016.
Mr. El-Asmar is responsible for investor relations with limited partners. Prior to joining Corsair, Mr. El-Asmar was a member of Babcock & Brown Global Partners (“BBGP”), a private equity co-investment vehicle sponsored by the Babcock & Brown Group, and participated in all areas of BBGP’s activities, including reviewing and monitoring investments, as well as investor relations. Prior to BBGP, Mr. El-Asmar was an associate in Deutsche Bank AG’s Mergers & Acquisition department, where he worked on a number of cross-borders acquisitions and public market transactions.
Mr. El-Asmar holds a B.A. in Economics from the American University of Beirut and a MSc in Economics from the London School of Economics with high distinction.
Mr. Kretz is a Principal of Corsair. He joined Corsair in 2015 and is based in New York. Mr. Kretz is a director of Corsair portfolio company Jackson Hewitt Tax Service Inc.
Prior to joining Corsair, Mr. Kretz covered financial services at LLR Partners, a middle-market growth private equity firm. Prior to LLR, Mr. Kretz was an Associate at Lovell Minnick Partners, a private equity firm focused on financial services companies, and an Analyst in the Wells Fargo Securities Financial Institutions investment banking group.
Mr. Kretz holds a B.A. in Finance with honors from Michigan State University.
Mr. Ling is a Principal of Corsair. He joined Corsair in 2011 and is based in New York.
Prior to joining Corsair, Mr. Ling was an Associate at Lightyear Capital, a U.S. financial services-focused private equity fund. Mr. Ling began his career as a Financial Analyst at J.P. Morgan in the Latin America Mergers and Acquisitions group, where he focused on transactions in the financial services and power industries.
Mr. Ling received a B.A. in Economics and International Studies, cum laude, from Yale University and an M.B.A. from Harvard Business School.
Mr. Wertheim is a Principal of Corsair. Having joined Corsair’s New York office in 2010, he relocated to London in 2013.
Prior to joining Corsair, Mr. Wertheim began his career as a Financial Analyst at UBS Investment Bank in the Financial Institutions Group. While at UBS, he worked on a number of cross-borders transactions.
Mr. Wertheim earned his B.A. with majors in Finance and Government from The College of William & Mary.
Mr. Creedon is a Vice President of Corsair. He joined Corsair in 2016 and is based in New York.
Prior to Corsair, Mr. Creedon was an Associate at Lovell Minnick Partners, a private equity firm focused on financial services companies. Previously, Mr. Creedon was an Associate in the Keefe, Bruyette & Woods Depositories Investment Banking Group, where he advised North American banks on mergers and acquisitions and capital markets transactions.
Mr. Creedon holds a B.A. in Mathematical Economics, cum laude, from Pomona College.
Ms. Lee-Shah is a Vice President of Corsair. She joined Corsair in 2015 and is based in London.
As a member of the Finance & Operations team, Ms. Lee-Shah is responsible for the execution of the finance, facilities, IT, human talent and legal functions for Corsair in the UK. Prior to joining Corsair, Ms. Lee-Shah was responsible for the financial reporting, HR, compliance and operations at Riverstone Europe LLP. Previously, she was a Business Associate at Citigroup within the European Investment Bank responsible for revenue accounting and first line management support.
Ms. Lee-Shah holds a Bachelor of Science in International Business Management from the University of Applied Sciences Ludwigshafen, Germany. She is a Chartered Certified Accountant and is a fellow member of the ACCA.
Mr. Venino is a Vice President of Corsair. He joined Corsair in 2018 and is based in New York.
Prior to joining Corsair, Mr. Venino was an Associate at Century Equity Partners, a private equity firm focused on financial services companies. Prior to Century, Mr. Venino was an Associate at Sandler O’Neill & Partners, where he advised financial services clients on mergers and acquisitions and capital markets transactions.
Mr. Venino holds a B.S. in Management, magna cum laude, from Boston College.
Ms. Zhao is a Vice President of Corsair. She joined Corsair in 2015 and is based in New York.
As a member of the Finance & Operations team, Ms. Zhao is responsible for the execution of the finance and other administrative support functions within Corsair in the New York. Prior to joining Corsair, Ms. Zhao was a consultant at Citi Infrastructure Partners, L.P., where she was responsible for financial reporting and other administrative support. Prior to that, Ms. Zhao worked in J.P. Morgan’s Private Equity Fund Administration group as a Vice President. At J.P. Morgan, Ms. Zhao managed a fund accounting team that provided fund administration services to a group of private equity funds. Previously, she worked at PricewaterhouseCoopers LLP New York in the firm’s audit practice, leaving as a senior manager.
Ms. Zhao is a certified public accountant, holds a B.S. in international accounting from the Xiamen University, China.
Mr. Gordon is a Senior Associate of Corsair. He joined Corsair in 2017 and is based in New York.
As a member of the Finance & Operations team, Mr. Gordon is responsible for the execution of the fund accounting, tax reporting, audit and operations functions for the Corsair funds. Prior to joining Corsair, Mr. Gordon was a Senior Financial Associate at Performance Equity Management, a global private equity firm. Previously, Mr. Gordon worked on the Finance team at OrbiMed Advisors, focusing his efforts on Venture Capital and Private Equity fund accounting. He began his career in KPMG’s financial services audit practice.
Mr. Gordon is a certified public accountant and holds a B.S.B.A. degree in Finance and Accounting from Drexel University.
Ms. Hamlin is a Senior Associate of Corsair. She joined Corsair in 2020 and is based in New York.
Prior to joining Corsair, she was a Vice President at Acalyx Advisors. While at Acalyx, Ms. Hamlin advised General Partners and managed active fundraises. She was also responsible for the development of new Limited Partner relationships. Prior to Acalyx, Ms. Hamlin was with GLG where she supported General Partners in their origination, diligence, and value-creation activities. She also managed relationships with industry executives and facilitated partnerships for clients.
Ms. Hamlin graduated from the University of St Andrews with a M.A. in English and History.
Mr. Pardey is a Senior Associate of Corsair. He joined Corsair in 2015 and is based in London.
Prior to joining Corsair, Mr. Pardey was an Associate at Credit Suisse’s Financial Institutions Group within the Investment Banking Department. Mr. Pardey graduated with Full Honors from Bocconi University in Milan, Italy, where he received a Bachelor of International Economics, Management and Finance.
Ms. Wong is a Senior Associate of Corsair. She joined Corsair in 2017 and is based in London.
Prior to joining Corsair, Ms. Wong was an Associate at Goldman Sachs in the Financial Institutions Group in London. While at Goldman Sachs, she advised European companies in the insurance, asset management, banking and specialty finance sectors on mergers and acquisitions and capital raising transactions.
Ms. Wong graduated from Gonville & Caius College, University of Cambridge with an M.A. (Hons.) in Economics.
Mr. Bouhadiba is an Associate of Corsair. He joined Corsair in 2020 and is based in London.
Prior to joining Corsair, Mr. Bouhadiba began his career at Perella Weinberg Partners, where he was an Analyst in the Financial Institutions Group in New York and London. While at Perella Weinberg, he focused on advising financial services companies in the banking, asset management and insurance sectors on mergers and acquisitions.
Mr. Bouhadiba graduated cum laude from the Huntsman Program in International Studies and Business at the University of Pennsylvania, where he received a B.S. in Economics from The Wharton School and a B.A. in International Studies from the College of Arts and Sciences.
Mr. Klein is an Associate of Corsair. He joined Corsair in 2019 and is based in New York.
As a member of the Finance & Operations team, Mr. Klein is responsible for the execution of the fund accounting, tax reporting, audit and operations functions for the Corsair funds. Prior to joining Corsair, Mr. Klein was an associate in the assurance practice of Ernst & Young where he performed audits on a wide range of clients including Private Equity Funds, Hedge Funds, Fund of Funds, Broker Dealers, and Management Companies.
Mr. Klein graduated from the School of Management at Binghamton University, where he received a B.S./M.S. degree in Accounting, and he is a certified public accountant.
Mr. Nichols is an Associate of Corsair. He joined Corsair in 2020 and is based in New York.
Prior to joining Corsair, Mr. Nichols was an Analyst at Capital Z Partners, a private equity firm focused on financial services companies. Previously, Mr. Nichols was an Analyst at Lazard, where he advised financial services clients on mergers and acquisitions transactions.
Mr. Nichols holds a B.B.A. in Finance, magna cum laude, from The University of Massachusetts, Amherst.
Ms. Philbin is an Associate of Corsair. She joined Corsair in 2017 and is based in New York.
As a member of the Finance & Operations team, Ms. Philbin is responsible for the execution of the fund accounting, tax reporting, audit and operations functions for the Corsair funds. Prior to joining Corsair, Ms. Philbin was an associate in the assurance practice of Ernst & Young where she performed audits on a wide range of private equity and hedge funds.
Ms. Philbin is a certified public accountant and holds a B.S. degree in Accounting from Lehigh University.
Mr. Pochareddy is an Associate of Corsair. He joined Corsair in 2019 and is based in New York.
Prior to joining Corsair, Mr. Pochareddy was an Analyst in the Financial Institutions Group at UBS Investment Bank. While at UBS, he advised global financial services clients in the financial technology, insurance services, and banks sectors on mergers and acquisitions and capital markets transactions.
Mr. Pochareddy holds a B.A. in Economics, with distinction, from Cornell University.
Mr. Raio is an Associate of Corsair. He joined Corsair in 2018 and is based in New York.
Prior to joining Corsair, Mr. Raio was an Associate Director in the Financial Institutions Group at UBS Investment Bank. While at UBS, he advised financial services clients in the asset management, banks and financial technology sectors on mergers and acquisitions and capital raising transactions.
Mr. Raio holds a B.B.A. in Finance and Accounting from Villanova University.
Mr. Swanson is an Associate of Corsair. He joined Corsair in 2019 and is based in New York.
As a member of the Finance & Operations team, Mr. Swanson is responsible for the execution of the fund accounting, tax reporting, audit and operations functions for the Corsair funds. Prior to joining Corsair, Mr. Swanson was a senior associate at MG Stover where he provided fund accounting services on a wide range of Private Equity and Venture Capitalist Funds.
Mr. Swanson graduated from the Leeds School of Business at the University of Colorado, where he received a B.S. degree in Accounting.
Ms. Turner is a Business Coordinator at Corsair. She joined Corsair in 2016 and is based in New York.
Ms. Turner works closely with the firm’s Managing Partner. She is responsible for supporting a variety of projects related to the Managing Partner’s responsibilities across the firm. Prior to joining Corsair, Ms. Turner was an Associate on the Marketing & Communications team at Moelis & Company, a global independent investment bank.
Ms. Turner holds a B.A. in Art History from The University of Virginia.
Ms. Crespo is the Office Manager at Corsair. She joined Corsair in 2007 and is based in New York.
As a member of the Finance and Operations team, Ms. Crespo is responsible for supporting the finance, facilities, IT, and human talent functions for Corsair in New York. Prior to joining Corsair, Ms. Crespo spent 15 years working with various teams within J.P. Morgan Chase & Co., including the Corsair team prior to its spin-off in 2006.
David Carroll is a Corsair Advisory Board member. He has over 38 years of institutional experience as a financial services executive with expertise in wealth and asset management as well as retail and commercial banking. Mr. Carroll was a long-time leader at Wells Fargo and its predecessor firms (Wachovia and First Union). He is a Director of Wells Fargo Investment Institute, Inc and served as the Chairman of the Board of Managers of Wachovia Securities Financial Holdings, LLC.
Mr. Carroll began his career at First Union Bank, where he grew up on the commercial and retail banking side, and ultimately became CEO of the bank’s Georgia and Florida businesses. He was instrumental in the merger integration between Wachovia and First Union and in 2004, he became President of Wachovia’s Capital Management Group – the asset management, retirement services and reinsurance businesses.
In 2009, after Wachovia’s acquisition by Wells Fargo, Mr. Carroll ascended into the Senior EVP role responsible for all of wealth and investment management. This group consisted of Wells Fargo Advisors (the traditional brokerage business), Wells Fargo Private Bank, Wells Fargo Institutional Retirement Services, Institutional Trust and Custody, Wells Fargo Asset Management (the institutional and mutual fund businesses, across various asset classes), Abbot Downing (the ultra high net worth business) and Wells Fargo Investment Institute (the investment strategy engine for all of Wells Fargo).
Mr. Carroll holds a BS degree in Business Administration from University of North Carolina at Chapel Hill.
Dr. Joseph F. Coughlin is a Corsair Advisory Board member. He is the founder and director of the Massachusetts Institute of Technology AgeLab. He teaches in MIT’s Department of Urban Studies and Planning and the Sloan School of Management’s Advanced Management Program. His work explores how global demographics, technology, and changing behaviors are transforming business and society.
Dr. Coughlin advises a wide variety of global firms in the financial services, healthcare, real estate, retail, technology, and transportation industries and has served on advisory boards for companies such as Bell Canada, British Telecom, Daimler, Fidelity Investments, and Sanofi-Aventis. He has held appointments on advisory committees for the White House, the Organization for Economic Cooperation and Development, and the Governor’s Council to Address Aging in Massachusetts, co-chairing its Technology and Innovation Subcommittee.
He was recognized by the Wall Street Journal as inventing the future of retirement and one of “100 Most Creative in Business” by Fast Company Magazine. He was named one of Investment News 2019 “Icons & Innovators.” He is a Senior Contributor to Forbes and has written for the Wall Street Journal, Barron’s and other leading business media outlets.
Previously he was with EG&G, global science and technology services firm, where he provided technical analyses in support of United States Departments of Defense, State, Transportation, and the White House Office of Science Technology Policy.
Dr. Coughlin is the author of over 100 academic publications and his recent book is The Longevity Economy: Unlocking the World’s Fastest Growing, Most Misunderstood Market (Public Affairs, 2017).
Dr. Jacob A. Frenkel is a Corsair Advisory Board member. He is Chairman of JPMorgan Chase International and Chairman of the Board of Trustees of the Group of Thirty (G-30) which is a private, nonprofit, Consultative Group on International Economic and Monetary Affairs.
Previously he was Chairman and CEO of the G-30 (2001-2011), Vice Chairman of American International Group, Inc. (2004-2009), and Chairman of Merrill Lynch International (2000-2004). Between 1991 and 2000 he served two terms as the Governor of the Bank of Israel. He is credited with reducing inflation in Israel and achieving price stability, liberalizing Israel’s financial markets, removing foreign exchange controls, and integrating the Israeli economy into the global financial system.
He was the Economic Counselor and Director of Research at the International Monetary Fund (1987-1991) and was on the faculty of the University of Chicago where he held the position of the David Rockefeller Professor of International Economics (1973-1987).
He is a Fellow of the Econometric Society, a Foreign Honorary Member of the American Academy of Arts and Sciences and a member of the Board of Directors of the National Bureau of Economic Research, of the Japan Society and of the Peterson Institute for International Economics. He is a member of Temasek International Panel (TIP), and of the International Advisory Council of China Development Bank. He is also a member of the Board of Directors of Boston Properties, Inc. and Loews Corporation.
Dr. Frenkel is a Laureate of the 2002 Israel Prize in Economics, a recipient of numerous prizes and decorations from governments and academic institutions and is a recipient of several Honorary Doctoral degrees and other awards.
Dr. Frenkel serves as Chairman of the Board of Governors of Tel Aviv University. He previously served as Chairman of the Board of Governors of the Inter-American Development Bank (1995-1996), as Vice Chairman of the Board of Governors of the European Bank for Reconstruction and Development (1999-2000), as Governor of the IMF and Alternate Governor of the World Bank for Israel (1991-2000) and a member of the Economic Advisory Panel of the Federal Reserve Bank of New York (1986-2014).
Dr. Frenkel is the author of numerous books and articles in the fields of International Economics and Macro-Economics. He holds a B.A. in economics and political science from the Hebrew University of Jerusalem, and an M.A. and Ph.D. in economics from the University of Chicago.
Chuck Hagel is a Corsair Advisory Board member. He was the 24th Secretary of Defense, serving from February 2013 to February 2015. He is the only Vietnam veteran and the first enlisted combat veteran to serve as Secretary of Defense. Mr. Hagel also served two terms in the United States Senate (1997-2009) representing the state of Nebraska.
Some of Mr. Hagel’s current commitments include serving on the Board of Trustees of RAND, Advisory Boards of Deutsche Bank America, Senior Advisor to Gallup and to the McCarthy Group, Distinguished Executive in Residence at Georgetown University, Distinguished Statesman at the Atlantic Council and Board of Directors of the American Security Project.
Previously, Mr. Hagel served on the Board of the Chevron Corporation and the Zurich Holding Company of America, was a Distinguished Professor at Georgetown University, Co-Chairman of the President’s Intelligence Advisory Board, Chairman of the Atlantic Council, Chairman of the United States of America Vietnam War Commemoration Advisory Committee and Co-Chairman of the Vietnam Veterans Memorial Fund Corporate Council. He served as a member of the Secretary of Defense’s Policy Board, Secretary of Energy’s Blue Ribbon Commission on the Future of Nuclear Power, the Public Broadcasting Service (PBS) Board of Directors and the Systemic Risk Council.
Prior to his election to the U.S. Senate, Mr. Hagel was president of McCarthy & Company, an investment banking firm in Omaha, Nebraska. In the mid-1980’s, Mr. Hagel co-founded VANGUARD Cellular Systems, Inc., a publicly traded corporation. He was President and CEO of the World USO, Private Sector Council (PSC), and Chief Operating Officer of the 1990 Economic Summit of Industrialized Nations (G-7 Summit). Mr. Hagel also served as Deputy Administrator of the Veterans Administration under President Ronald Reagan and Deputy Commissioner General of the 1982 World’s Fair.
He is the author of the book, America: Our Next Chapter and was the subject of a 2006 book by Charlyne Berens entitled, Chuck Hagel: Moving Forward. Mr. Hagel is a graduate of the University of Nebraska at Omaha.
Mr. Kielholz is a Corsair Advisory Board member. He has been Chairman of the Board of Directors of Swiss Reinsurance Ltd (“Swiss Re”) since 2009. He has been a member of the Board of Directors of Credit Suisse Group AG since 1999 and was Chairman of the bank’s Board of Directors from 2003 to 2009.
Mr. Kielholz began his career at the General Reinsurance Corporation, Zurich in 1976. He joined Credit Suisse in 1986, where he was responsible for client relations with large insurance groups in the multinational services department. In 1989, Mr. Kielholz joined Swiss Re, Zurich. He became a member of the Executive Board in 1993 and was Swiss Re’s Chief Executive Officer from 1997 to 2002. He was Executive Vice Chairman of the Board of Directors from 2003 to 2006 and Vice Chairman from 2007 to 2009.
Mr. Kielholz is Chairman of the European Financial Services Round Table (“EFR”). He is also a member of the International Monetary Conference (“IMC”) and the Board of the Institute of International Finance (“IIF”). In addition, he is a member and former Chairman of the Board of Trustees of Avenir Suisse. From 1998 to 2005, and again since 2009, he has served as a member of the International Business Leader Advisory Council (“IBLAC”). In 2009, he became a member of the International Advisory Panel (“IAP”) of the Monetary Authority of Singapore. In 2005, Mr. Kielholz was elected by the members of the International Insurance Society to the Insurance Hall of Fame.
Mr. Kielholz studied business administration at the University of St. Gallen and graduated in 1976 with a degree in business finance and accounting.
Mr. Puri is a Corsair Advisory Board member. He is a director of the following Indian companies: Mahindra and Mahindra (a diversified conglomerate), Tech Mahindra (telecom software) and Dr. Reddy’s Labs (generic pharmaceuticals). He currently serves on the Advisory Board of Spencer Stuart, India. Before, he was a Director of ICICI Bank and the Director of Godrej Consumer Products Limited.
Mr. Puri previously was a senior director at McKinsey & Company (“McKinsey”) (1970-2000). Early in his career at McKinsey, Mr. Puri worked with governments in the United States, the United Kingdom, Mexico and Australia, and with United Nations agencies and multilateral development banks, on issues of economic development and industrial policy. Among other things, he helped create the plan for Saudi Arabia’s petrochemical industry, participated in the re-structuring of the European textile and steel industries for the European Economic Community (“EEC”), led the creation of a new structure for the Venezuelan oil industry and advised the Organization of the Petroleum Exporting Countries (“OPEC”) on oil policy.
From 1990 to 1998, Mr. Puri founded and managed McKinsey’s practice in India. From 1996 onwards, Mr. Puri was an elected member of McKinsey’s Board of Directors, and from 1998 onwards he oversaw all of McKinsey’s Asian, Middle Eastern and Latin American practices.
Mr Puri holds an M.Phil. in Economics from Nuffield College, Oxford; an M.A. with Distinction in Politics, Philosophy and Economics from Balliol College, Oxford, and a B.A. in Economics from Delhi University, where he graduated first in the University academic rankings.
Mr. Richards is a Corsair Advisory Board member. He is Chairman of the Board of Credit Suisse Holdings (USA).
From 2011 until 2017, Mr. Richards was at the Federal Reserve Bank of New York (“FRBNY”) where he was a Senior Vice President and Head of Supervision for Complex Financial Institutions, including the ten largest financial firms in New York. He also served as a member of the Federal Reserve’s system wide operating committee responsible for the supervision of all systemically important firms in the United States. Mr. Richards represented the FRBNY on a number of international committees including the Senior Supervisors Group.
Mr. Richards was General Manager of the Americas for National Australia Bank (“NAB”) from 2002-2010 responsible for all of the Bank’s businesses in the Americas. He joined NAB in 2000 as Managing Director and Head of Client Relationships in the Americas. He also served as Head of Global Financial Institutions for two years. From 1988 to 2000, Mr. Richards worked with UBS as Head of Client Relationship Management for corporations, financial institutions and public sector entities in the US. He started his career with The Chase Manhattan Bank.
Mr. Richards has served on the boards of the Institute of International Bankers, Great Western Bank, the American Australian Association, the US-New Zealand Business Council, and the Shelter for the Homeless.
Mr. Richards is a graduate of Williams College and of several executive programs at the Harvard Business School.
Ellen Shuman is a Corsair Advisory Board member. She is the co-founder and Managing Director of Edgehill Endowment Partners, a fully outsourced investment office providing discretionary management to a small number of perpetual endowed charities.
Prior to founding Edgehill Endowment Partners, Ellen Shuman served as Vice President and Chief Investment Officer of Carnegie Corporation of New York (January 1999 to July 2011). Ms. Shuman was its first Chief Investment Officer, recruited by President Vartan Gregorian. Ms. Shuman built the investment office and implemented a set of strategies that dramatically diversified the portfolio – globally and by asset class – generating investment performance that exceeded the Corporation’s policy benchmark. Throughout her tenure, the Corporation’s assets grew from $1.5 billion to $2.55 billion, net of spending in excess of $1 billion.
Prior to Carnegie Corporation, Ms. Shuman worked for long-standing CIO David Swensen at the Yale Investment Office (1986-1998), serving as Director of Investments. At Yale, Ms. Shuman focused on real estate, energy and fixed income asset classes, including the University’s debt issuance. She taught several courses at Yale College and the Yale School of Management on Finance and Real Estate Investing.
Ms. Shuman received the Institutional Investor Award for Excellence in Investment Management by Foundations in 2006. She was profiled in Foundation and Endowment Investing, by Cathleen Rittereiser and Larry Kochard, published in 2008 by Wiley & Sons, and has received Institutional Investor magazine’s Lifetime Achievement Award in Investment Management for foundations in May 2014.
Ms. Shuman has served on the board of both colleges and foundations. She was a trustee of Bowdoin College for 21 years (1992-2013), serving as Vice Chair, a member of the Presidential Search Committee, the investment committee and the audit committee (chair). She was an investment advisor, trustee, and investment committee chair of the Edna McConnell Clark Foundation (1998-2013) and a board member of The Investment Fund for Foundations (2000-2009).
Ms. Shuman graduated with a B.A. magna cum laude from Bowdoin College and received an M.P.P.M. from the Yale University School of Management. She has earned the Chartered Financial Analyst designation.