JOHN J. MACK
General Partner Board
As a member of the Advisory Board, John Mack leverages his vast industry knowledge to provide guidance and strategic input in the genesis and execution of capital raising, principal investment activates, and enterprise direction. Most recently, Mack served as CEO/chairman of Morgan Stanley from 2005 to the end of 2011. Prior to his role as CEO at Morgan Stanley, he served as chairman of Pequot Capital Management, and CEO of Credit Suisse.
Mack joined Morgan Stanley in 1972 as a bond salesman and quickly rose to oversee the department, creating one of the most consistently profitable departments of the firm. In 1993, Mack became president of Morgan Stanley, earning a reputation as a charismatic leader, brilliant dealmaker and diligent cost cutter. In 1997, Mack brokered the merger of his firm and Dean Witter Discover & Co. This achieved the goal of combining Dean Witter’s strength as a retail brokerage to Morgan Stanley’s investment bank. The new firm of 28,000 employees became one of the largest financial institutions in history.
In 2001, Mack became CEO of Credit Suisse First Boston, the US unit of the Credit Suisse Group. A year later, Mack became co-CEO of the parent company. Within three years, Mack restored profitability to the unit by combining the stock and bond units into one securities division, and selling the online trading platform for $520 million to the Bank of Montreal. In addition, Mack oversaw a major restructuring which drastically reduced costs and overhead. By the end of his tenure, the firm received $1.4 billion in profits, a six fold increase.
After resigning his role as president in 2001, Mack rejoined the firm as CEO in 2005. After a brief period of growth, Mack helped save the financial powerhouse from collapse, and positioned it for future excellence. In 2008, Mack restored financial security to the firm by negotiating a $9 billion investment from Mitsubishi UFJ. Later that year, Mack converted the firm to a bank holding company, allowing them to borrow $107 billion from the Federal Reserve. In addition, Mack oversaw the placement of $10 billion of TARP proceeds onto the Morgan Stanley balance sheet. After successfully piloting the firm through the Great Recession, Mack resigned as CEO in 2012, taking active advisory roles in the China Investment Corporation, KKR and BKM
Capital Partners among others.
John Mack is a graduate of Duke University, where he is a trustee emeritus. He serves on the Board of Trustees of New York-Presbyterian Hospital and the University Hospital of both Columbia and Cornell, Board Member of the Bloomberg Family Foundation, and a member of the Business Council and the Business Roundtable. In addition, Mack serves on the Advisory Board of the International Business Leaders Council for the Mayor of Beijing, and the Executive Committee of the Partnership for New York City. He is a member of the International Business Council of the World Economic Forum, the NYC Financial Services Advisory Committee, and the Shanghai International Financial Advisory Council.