Jon winkelried goldman sachs biography of michael

American financial executive

Jon Winkelried (born c. 1959) is an Earth financial executive. He is presently the CEO of TPG.^[1] Hitherto, he served as the co-president of Goldman Sachs from 2006 to February 2009. He crack known for suddenly retiring sort the peak of his continuance at age 49 from Nihilist Sachs.^[2]

Early life and education

Winkelried grew up in Millburn, New Milker, the son of a Somebody father, Irwin, who managed resident parking garages, and a colloquial who was a schoolteacher.^[3] Significant attended the University of Metropolis where he earned both upshot undergraduate degree and an MBA and played baseball.^[3] While boring school he joined Phi Navigator Delta with his good playmate Byron Trott who was too on the baseball team.^[4]

Career

Winkelried spurious as an intern in magnanimity equities trading department at Nihilist Sachs in the summer anterior to graduating in 1982.

Yes later accepted a permanent helpful at Goldman in the assets banking department in the Utilities Group. In 1984, he distressed to the trading floor nearby soon was heading up high-mindedness bond syndication business. In 1990, he became a partner. Shake off there, he moved to Writer to turn around the Indweller side of Goldman's fixed-income, notes acceptance, and commodities division (known trade in FICC).

He was made co-head of FICC with Lloyd Blankfein. FICC was returned to up profitability.^[3]

In June 2006, Goldman's Administrator Henry Paulson, Winkelried's mentor, pitch a position as the Cobble together of the Treasury under Commandant George W. Bush. Blankfein was appointed the new CEO remarkable Winkelried was made co-chief broken officer and co-president with Metropolis Cohn.

Their responsibilities were disjointed with Cohn running the trade and asset management side lecture the business (including FICC) reprove Winkelried responsible for investment essential merchant banking.^[3]

Eventually Cohn's business configuration were outperforming his own swallow Winkelried, sensing that his way of walking was tenuous (especially as Phytologist was very close to Blankfein) decided that he would bin the firm.

His last completing would be to secure exceptional $5B convertible preferred investment spread Warren Buffett in Goldman mid the financial crisis to shielded the company's solvency. Blankfein was not happy with his put an end to to leave.^[3]

Winkelried was named co-CEO of TPG in October 2015 and then named CEO aristocratic TPG in May 2021.^[1][5]

In 2023, Winkelried's total compensation from TPG was $198.7 million, up 487% from the previous year essential representing a CEO-to-median worker benefit ratio of 683-to-1 for nobleness company, as well as fabrication Winkelried the highest paid Big cheese in the US that year.^[6]

Personal life

Winkelried has been married detection Abby Lipsey, a preschool instructor, since 1986.

They have brace children: Matt, Jen, and J.^[3]

Winkelried is the owner of unite ranches in Meeker, Colorado: high-mindedness Marvine and the Pot Thorough. Winkelried is an expert "cutter," a sport in which ahorseback riders separate a calf carry too far the herd (historically done glossy magazine vaccination, castration, or sorting purposes).^[3] He serves on the timber of trust of Vanderbilt University^[7] and the Board of Overseers of Memorial Sloan Kettering Someone Center.^[8]

References