Michael Sherwood (banker)
{{Short description|British banker (born 1965)}}
{{EngvarB|date=June 2017}}
{{Use dmy dates|date=June 2017}}
{{for|the American musician|Michael Sherwood}}
{{Infobox person
| name = Michael Sherwood
| image =
| caption =
| birth_name =
| birth_date = {{Birth year and age|1965|07}}
| birth_place =
| death_date =
| death_place =
| death_cause =
| resting_place =
| resting_place_coordinates =
| nationality =
| other_names =
| known_for =
| education = Westminster School
| alma mater = University of Manchester
| employer =
| occupation = Banker
| title =
| term =
| predecessor =
| successor =
| party =
| boards =
| spouse = Melanie Sherwood
| children = 2
| parents =
| relatives =
}}
Michael Sherwood, also known as Woody,{{cite news|last1=Braithwaite|first1=Tom|last2=Alloway|first2=Tracy|title=Goldman repositions Sherwood in reshuffle|url=http://www.ft.com/cms/s/0/e877f840-47da-11e3-88be-00144feabdc0.html|accessdate=26 February 2016|work=Financial Times|date=7 November 2013}} (born 1965) is a British banker. He served as the vice-chairman of Goldman Sachs and the co-chief executive officer of Goldman Sachs International until November 2016.
According to the Sunday Times Rich List in 2019, Sherwood is worth £195 million, a £10 million decrease from 2018.{{Cite news|url=https://www.thetimes.com/sunday-times-rich-list/article/sunday-times-rich-list-2019-profiles-602-650-sting-rod-stewart-7v729g2dj|title=Rich List 2019: profiles 602-650, featuring Sting and Sir Rod Stewart|last=Times|first=The Sunday|newspaper=The Times|date=2019-05-12|access-date=2019-07-08|language=en|issn=0140-0460}}
Early life
Michael Sherwood was born in July 1965 in London.{{cite news|last1=Mathiason|first1=Nick|title=Winner in the battle of the bulges|url=https://www.theguardian.com/business/2008/apr/06/goldmansachs.banking|accessdate=26 February 2016|work=The Guardian|date=6 April 2008}} His father was "the owner of a chemical company" and his mother was an academic.{{cite news|last1=Nisse|first1=Jason|title=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|url=https://www.independent.co.uk/news/business/profile-how-fat-mike-became-a-million-dollar-baby-the-huge-bonuses-handed-to-partners-by-goldman-1468530.html |archive-url=https://ghostarchive.org/archive/20220514/https://www.independent.co.uk/news/business/profile-how-fat-mike-became-a-million-dollar-baby-the-huge-bonuses-handed-to-partners-by-goldman-1468530.html |archive-date=14 May 2022 |url-access=subscription |url-status=live|accessdate=26 February 2016|work=The Independent|date=19 December 1993}} He grew up in Highgate, North London.
Sherwood was educated at Westminster School.{{cite news|title=Profile: Michael Sherwood – the UK's golden Goldman boy|url=https://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8146587/Profile-Michael-Sherwood-the-UKs-golden-Goldman-boy.html|accessdate=26 February 2016|work=The Daily Telegraph|date=19 November 2010}} He graduated from the University of Manchester, where he received a bachelor's degree in economics.
Career
Sherwood started his career at Goldman Sachs in 1986. He served as the co-chief executive officer of Goldman Sachs International from 2005 to November 2016.{{cite web|title=Michael Sherwood, Vice Chairman|url=http://www.goldmansachs.com/who-we-are/leadership/executive-officers/michael-sherwood.html|website=Goldman Sachs|accessdate=26 February 2016}} Additionally, he served as the vice-chairman of Goldman Sachs from 2008 to November 2016. He was succeeded in these two roles by Richard Gnodde.{{cite news|last1=Treanor|first1=Jill|title=Michael Sherwood quits Goldman Sachs role|url=https://www.theguardian.com/business/2016/nov/21/michael-sherwood-quits-goldman-sachs-europe-role-bhs|accessdate=28 July 2017|work=The Guardian|date=21 November 2016}}
Sherwood acquired Smythson for GBP£16 million in 2005 and sold it for GBP£18 million in 2009. He invested GBP£400,000 in Tottenham Hotspur F.C., a football club in Tottenham, London, in 2009. He formerly served on the board of directors of Watford F.C., a football club in Watford near London. Sherwood serves as a non-executive director of Rothesay Life, a life insurance company.{{cite web|title=Board of Directors: Michael Sherwood|url=http://www.rothesaylife.com/about-us/board-of-directors|website=Rothesay Life|accessdate=26 February 2016}}
Sherwood received a bonus of $15.8 million in shares in 2013, which was more than CEO Lloyd Blankfein's bonus.{{cite news|last1=Rushton|first1=Katherine|title=Goldman Sachs top City banker Michael Sherwood receives $15.8m share bonus|url=https://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9813038/Goldman-Sachs-top-City-banker-Michael-Sherwood-receives-15.8m-share-bonus.html|accessdate=26 February 2016|work=The Daily Telegraph|date=19 January 2013}} He earned US$21 million in 2014.{{cite web|title=Michael S. Sherwood|url=https://www.bloomberg.com/research/stocks/people/person.asp?personId=1585683&privcapId=398625|website=Bloomberg Business|accessdate=26 February 2016}} By April 2015, he had an estimated wealth of GBP£185 million.{{cite news|title=Sunday Times Rich List|work=The Sunday Times|issue=72|date=26 April 2015}}
Sherwood is opposed to Brexit.{{cite news|title=Uncertainty of Brexit would be bad for business, say leading figures|url=http://www.thejc.com/news/uk-news/153830/uncertainty-brexit-would-be-bad-business-say-leading-figures|accessdate=26 February 2016|work=The Jewish Chronicle|date=25 February 2016}}
In July 2019, it was reported in The Times that Sherwood will be made non-executive director of fintech unicorn Revolut.{{Cite news|url=https://www.thetimes.com/world/europe/article/former-goldman-sachs-boss-michael-sherwood-lined-up-for-city-return-at-fintech-unicorn-revolut-jz3blh0q5|title=Former Goldman Sachs boss Michael Sherwood lined up for City return at fintech unicorn Revolut|last=Kelly|first=Liam|website=The Times|language=en|access-date=2019-07-08}}
Philanthropy
Sherwood serves as the chairman of the Development Committee at his alma mater, the Westminster School.{{cite web|title=Trustees|url=http://www.greenhousesports.org/greenhouse-sports-about-us/trustees/|website=Greenhouse Sports|accessdate=26 February 2016}} He has donated to the Harefield Academy. He serves on the board of trustees of Greenhouse Sports, a non-profit organisation which encourages children to play sports. With his wife, Sherwood has made charitable contributions to the Jewish Museum London via their Melanie and Michael Sherwood Foundation.{{cite web|title=Our supporters|url=http://www.jewishmuseum.org.uk/our_supporters|website=Jewish Museum London|accessdate=26 February 2016}}
Personal life
Sherwood is married to Melanie. They reside near Regent's Park in central London with their two children. Sherwood is Jewish.{{cite news|last1=Krieger|first1=Candice|title=Striving to rediscover hunger will make successful start-ups|url=http://www.thejc.com/lifestyle/lifestyle-features/65151/striving-rediscover-hunger-will-make-successful-start-ups|accessdate=26 February 2016|work=The Jewish Chronicle|date=15 March 2012}}{{cite web| url = https://www.thejc.com/lifestyle/features/striving-to-rediscover-hunger-will-make-successful-start-ups-1.32310| url-status = dead| archive-url = https://web.archive.org/web/20180127203337/https://www.thejc.com/lifestyle/features/striving-to-rediscover-hunger-will-make-successful-start-ups-1.32310| archive-date = 2018-01-27| title = Striving to rediscover hunger will make successful start-ups - The Jewish Chronicle}}
Sherwood is a close confidant of retail tycoon Sir Philip Green and informally advised him on the sale of British Home Stores for £1 to Dominic Chappell in 2015.