Celebrating the Irish in...Then HSBC acquired Household Finance, one of the largest subprime...

IRISH AMERICAIRISH AMERICA

0 874470 73334

09>

August/ September 2008 Canada $4.95 U.S.$3.95

Brendan McDonaghCEO HSBC

North America Holdings Inc.,represents the new

“Global Irish” who are joining

the ranks of corporate

America in increasing numbers.

IRELAND’S NEW LEADER

CANADA’S IRISH HERITAGE

CHICAGO’S IRISH ROOTS

DES BISHOP AS GAEILGE

THE WALL STREET

50Celebrating the Irish in

the Finance Industry

DISP

LAY

UNTI

L SE

PT. 3

0, 2

008

IA.Cover2.qxd 7/3/08 3:55 PM

AIF-1 2/27/08 2:06 PM Page 1

AIF-2 2/27/08 2:30 PM Page 1

WaterfordAD 3/3/08 5:02 PM Page 1

Mutual 6/26/08 1:23 PM Page 1

34 IRISH AMERICA AUGUST / SEPTEMBER 2008

IA.34-37.qxd 7/10/08 4:03 PM Page 34

ust six months after

assuming his job as head

of HSBC Finance in

North America, Brendan

McDonagh volunteered to

appear before Congress,

in March 2007, to address

the growing subprime

mortgage-lending crisis.

It was a typical move by the 49-year-

old Irishman who has become known

throughout his career for a straightfor-

ward type of management, which

addresses problems head on.

Like many other banking leaders,

McDonagh could have tried to duck and

dive on the issue and refuse to appear at

the televised hearings, but that was not

his way. Senate Banking Chairman Chris

Dodd was certainly appreciative.

“We take the situation very seriously

and we’re taking strong steps to correct

problems,” McDonagh told the legisla-

tors, and his bank directly proceeded to

do that, seeking to ensure above all that

a way was found for homeowners to

keep their properties. “Otherwise every-

one loses,” McDonagh notes.

HSBC had gotten caught up in the sub

prime crisis after it purchased

Household Finance in 2003, before

McDonagh took the top job.

Last year, the company wrote off $11.7

billion in bad debt as a result of the crisis,

but under McDonagh’s management the

worst of the crisis now seems over.

The subprime segment is but a very

small part of the global HSBC brand.

Forbes magazine recently rated HSBC

Holdings number one in its Global 200

ranking of companies worldwide.

The banking behemoth earned the dis-

tinction by showing a phenomenal annu-

al 26 percent growth in revenues, by

having 10,000 offices worldwide in 83

countries, and by having $2.3 trillion in

assets.

HSBC is the little foreign bank that

could. It started in Hong Kong in 1865

with just two branches, one in Hong

Kong and one in Shanghai, capitalizing

on the trade winds that were blowing

strongly between the Chinese capital and

the then crown colony.

At a time when the world center of

banking was London, HSBC’s incredible

growth since their modest colonial

beginnings has been staggering.

As CEO of HSBC North America (the

holding company for all of HSBC’s U.S.

and Canadian businesses; the company

serves nearly 68 million customers),

McDonagh has no doubt that the bank

has gone from strength to strength

because of its global reach.

In fact, the Dublin native embodies

HSBC’sBrendanMcDonaghis a newbreed ofinternationalIrishman.BY NIALL O’DOWD

PHOTOGRAPH BY:KIT DE FEVER

The GlobalIrishman

STREET50WALL

KEYNOTE SPEAKER

J

AUGUST / SEPTEMBER 2008 IRISH AMERICA 35

IA.34-37.qxd 7/10/08 4:03 PM Page 35

UCD-AD 7/8/08 1:54 PM Page 1


the global nature of a bank that has man-

aged to bestride the world.

McDonagh’s stellar career in banking

was foreordained from an early age. Born

in 1958 on Dublin’s Northside, as

a kid he showed an aptitude for numbers,

which came in handy in the family

business.

His father was a butcher who supplied

meat to the Guinness Brewery and the

Rotunda Hospital.

“What we did in those days, because

my father had a cash business, we would

bring the cash home and I ran a ledger for

him and then we would cash checks for

our neighbors who were in the check busi-

ness and needed to pay salaries and wages.

So we ran a bank out of the dining room in

the evening time,” McDonagh recalls.

It was no surprise when McDonagh

took the economics and accounting route

and went to Trinity College Dublin to

study business and finance.

Once he qualified and anxious to see

the world, he sent his résumé out to sev-

eral international banks and waited. It

was 1979 and jobs were not plentiful in

Ireland in the pre-Celtic Tiger era.

The best offer was from a vaguely

exotic sounding company known as the

Hong Kong and Shanghai Bank in

London. His parents were surprised.

“They were a little shocked when they

realized it was based in the Far East and I

wasn’t just going over to London for a

job,” McDonagh remembers with a smile.

Thus began the journey from butcher’s

boy to HSBC’s top job in America.

McDonagh now oversees one of the top

10 financial services organizations in the

United States, with assets totaling $557

billion and over 40,000 employees.

The journey to the top was one that

would include living in eight different

countries and developing deep cultural

and business ties on several continents.

“A lot of us at HSBC have worked in

many countries, and that richness of

experience means that you have a deeper

understanding, a global understanding,

how things work in, and between, differ-

ent countries,” McDonagh explained in

our interview, which took place at

HSBC’s New York headquarters on Fifth

Avenue. “The foundation for us [HSBC]

is free trade. Globalization, at the end of

the day, is good for everybody,” he says.

McDonagh, who is now based at

HSBC headquarters in the Chicago

suburb of Mettawa, Illinois, worked

with several developing nations

early in his career.

“In those days we were headquartered

in Asia and most of our operations were

in the Far East and Middle East,” he

explains.

McDonagh was in Guam for six

months. Then he was sent to Brunei, in

Southeast Asia. His first managerial

position followed, in Hong Kong.

It was quite an experience.

“We had a very large cash department.

It was like mini Fort Knox, and I was the

operations manager.”

Soon after arriving in Brunei,

McDonagh met Kenane, an English

nurse and midwife, who would become

his wife. The newlyweds set out for

Oman, McDonagh’s next posting, where

he had to adjust to the life style of the

Middle East after the years in South Asia.

His globetrotting pace increased when

he was sent to Tokyo after Oman.

He enjoyed his time in Tokyo enor-

mously. It was the first of two postings in

Japan – the second came a few years

later, when he was sent to Kobe.

In Kobe, McDonagh’s Irish roots and

philanthropic leanings came into play.

He helped set up the Irish Network of

Japan which was an organization of

younger Irish who were living in Japan.

“Actually, three of us set up a St.

Patrick’s Night function in Kobe,” he

recalls. “We got various people to spon-

sor – to buy the Guinness and whatever.

We were planning to run it on the fly, but

people came from all over – we were

surprised by the numbers. We made a

handsome profit and found, through a

local priest, a Korean orphanage that

needed support. There’s a large Korean

population in Japan and they, largely, are

less well-off. The event became so suc-

cessful that it became an annual affair. I

think the orphanage is still wondering

who these crazy Irish people were who

were dropping money off with them

once a year.”

In 1993, McDonagh, on an upward

trajectory, was transferred to London,

thus ending his Asia sojourn. He says

that he learned “cultural sensitivity” dur-

ing his time overseas. “You value diver-

sity, you value, and you recognize, the

richness that each people can bring.”

Back in London, he was soon on the

move again, taking over the company’s

offshore operations in the Channel

Islands before going back to London and

joining the global headquarters staff.

LEFT: Fishing in Wisconsin with lifelong friend PadraicO’Beirn of Dublin.

BELOW: April 30, 2008:Celebrating the opening of HSBC North America’s new headquarters in the Chicago suburb of Mettawa, Illinois, with Group Chairman StephenGreen and Group Chief ExecutiveMichael Geoghegan of parent company HSBC Holdings plc.

P

PH

OTO

:JA

SM

IN S

HA

H,C

OU

RT

ESY

HSB

C

CO

URT

ESY

HSB

C

IA.34-37.qxd 7/10/08 4:03 PM Page 36

He made it to head of strategy there

before the call to come to the U.S. came.

He was sent over to run the retail and

commercial banking side of the U.S.

business, which was based in Buffalo,

New York. Soon he was made COO of

the banking operation.

Then HSBC acquired Household

Finance, one of the largest subprime

mortgage lenders, but also one of

America’s largest credit card companies.

When the company began suffering

under the subprime mortgage deluge, the

search for a topnotch executive ended at

McDonagh’s desk.

McDonagh moved to Chicago to

become CEO of HSBC Finance and to

deal with the subprime crisis, which he

has done successfully.

In February this year, he was promot-

ed to CEO of HSBC North America

Holdings Inc., which oversees both

HSBC Finance and HSBC Bank.

By now the McDonagh management

approach was tried and tested. He

expresses it this way:

“If you’ve got good ideas coming

from your team, try not to stop them.

Your job is to manage the bright people

around you and to be comfortable and

not be threatened by them. And if you

can trust them, and you think they have a

good idea, let them go for it.”

He is an innovator too. He and the

bank leadership have focused on green

technology and making the bank a car-

bon neutral one globally. He speaks with

pride of how all the office buildings in

HSBC will eventually conform to the

highest green standards. Their new head-

quarters outside Chicago was recently

featured in the New York Times because

of its green focus.

It would seem counterintuitive for a

bank chief executive to focus so intently

on this issue, but McDonagh is a new

breed of manager who realizes that green

technology benefits everyone, as does

good employee relations, another area he

spends considerable time on.

When the subprime mortgage crisis

hit, McDonagh worked hard to reassure

his work force and deal with the problem

head on.

“One of the first things I did was to go

on the road. There are close to 3000

managers around the country, and I spent

six weeks just talking to them.

Explaining, ‘This is the problem, this is

the size of it, this is what we’re going to

do. You’re over here, look after our

customers and meet our plan.’”

Many observers are predicting hard

economic times ahead, and McDonagh

himself sees the U.S. economy as being

at a critical crossroads.

“I believe that parts of America are

already in recession, but it won’t be that

deep and it won’t be that long,” he says,

adding reassuringly, “The American

economy is very resilient.”

Ireland, always close to McDonagh’s

heart, has changed enormously since he

left, and he is glad for that. “It has become

far more multicultural, which is a good

thing. For decades, the world took the

Irish in, and perhaps it’s our turn to take

other people in. We owe them that. We are

a very wealthy nation now, and we have

to start to help others,” he says.

McDonagh does his part. He is

involved with The American Ireland

Fund, a philanthropic organization which

supports cultural and educational groups

in Ireland, and also, through Enterprise

Ireland, he serves as an advisor for new

Irish companies seeking to enter the U.S.

market. His wife, Kenane, meantime, is

involved in charitable organizations in

the Chicago area, where their daughter

Alison is in school. The couple’s son,

Rory, following in his father’s footsteps,

is studying economics at Trinity College,

Dublin.

McDonagh, who sees the Irish economy

as now going through a difficult phase

after the heady days of the Celtic Tiger,

believes a highly educated work force,

preferably one that is flexible and multilin-

gual, can help Ireland find that “sweet

spot” in areas such as financial services,

and keep the economy turning over.

His own accomplishment embodies that

very successful aspect of the new Ireland –

its ability to compete globally. As one of

the first generation of the new “Global

Irishmen,” Brendan McDonagh is an

example of how much has changed since

the days when the Irish left on Famine

ships and were rarely heard from again.

He is living the dream of generations

of Irish to better themselves abroad.

Except in his case, he is proving it with

one of the world’s truly global compa-

nies. With their combined global visions

HSBC and McDonagh seem right for

each other.

“If you’vegot good ideascoming fromyour team, trynot to stop

them.Your jobis to manage

the bright people

around youand be

comfortableand not bethreatened by them.”

IA


PH

OTO

:KIT

DE F

EV

ER

Brendan McDonagh at HSBC New Yorkheadquarters on Fifth Avenue.

IA.34-37.qxd 7/10/08 4:03 PM Page 37

ad_FD-Revised 7/1/08 1:24 PM Page 1

AUGUST / SEPTEMBER 2008 IRISH AMERICA 39AUGUST / SEPTEMBER 2008 IRISH AMERICA 39

STREET50WALLPA

INT

ING

:KA

MIL

KU

BIK

Celebrating the Irish in the Finance Industry

IA39.qxd 7/3/08 4:18 PM Page 39

WALL STREET 50 SPONSORS

Irish America Magazine & FDextend a special thank you to all our sponsors for their support.

Mutual of America

HSBC

Waterford Crystal

FTI Consulting

PR Newswire

Bank of Ireland

DST Systems

Prudential

Wall Street Access

UCD Michael Smurfit Business School

1-800-Flowers.com

The American Ireland Fund

The Merrion Dublin

Irish Government AgenciesCIE Tours International

Enterprise Ireland

IDA Ireland

Tourism Ireland

IA.40.qxd 7/3/08 4:58 PM Page 40

HSBC 7/2/08 7:58 AM Page 1

John Brown Merrill LynchJohn J. Brown is Head of Global Markets &

Investment Banking Services (GMIS), Americas.

In this role, he manages all institutional operations

for Merrill Lynch for the Americas. From 2001 to

2007, his responsibilities at Merrill Lynch includ-

ed the Prime Broker and Swaps business, which

during that time saw an increase from $75 billion

in assets to $200 billion. Prior to his time at GMIS, Brown headed

Convertible Securities at Merrill Lynch for five years. His over 25

years of experience in global markets has also included time as head

of Convertible Securities for UBS and SG Cowen. Brown graduated

from St. John’s University in New York and holds a Series 3, 7, 24,

55, 63. He finds time to serve as a board member for Tuesday’s

Children, an organization which aims at providing programs

designed to help family members of victims of 9/11. Brown is a first-

generation Irish-American. His father hailed from County Mayo and

his mother from County Wexford. Brown is married with five chil-

dren.


STREET50WALL

Tom Connolly Goldman & Sachs Co.

As Managing Director at Goldman, Sachs & Co.,

Tom Connolly heads the Leveraged Finance team

as well as the High Yield and Bank Loan Capital

markets businesses. He is a member of the firm’s

Firmwide Capital Committee, Mezzanine

Investment Committee and Allocation Committee.

In 1989, Connolly received a BA from Union College. He

worked for Bankers Trust Company for six years before joining

Goldman Sachs in 1996. Prior to his current position, Connolly

worked in High Yield Capital Markets in New York and was head of

European High Yield business and co-head of European Leveraged

Finance from 1998 to 2002. He was named Managing Director in

1999 and partner in 2004. Connolly is also a board member of Youth

I.N.C., a group dedicated to guiding nonprofit groups for children.

A Bronx native, Connolly is married with three children. He is first-

generation Irish-American. His father John was born in County

Monaghan and is the proprietor of the popular midtown pub and

restaurant Connolly’s; his mother Mary hails from County Mayo.

Charles CareyCME Group Inc.

Charles P. Carey is Vice

Chairman of CME Group.

Previously, he was Chairman of

the Chicago Board of Trade

(CBOT) which merged with

CME in July 2007, creating a

new company, CME Group Inc.,

a CME/Chicago Board of Trade

Company. Carey received a

B.A. in business administration

from Western Illinois University.

He served on the CBOT board

of directors in various roles,

including Vice Chairman, First

Vice Chairman and Full

Member Director. An independ-

ent futures trad-

er, Carey

became a mem-

ber of CBOT in

1978 and is a

partner in the

firm Henning

and Carey.

Carey has received a number

of civic, industry and communi-

ty service awards. Most recently,

he was presented with the

Western Illinois University

Distinguished Alumni Award.

Carey is also President of the

Chicagoland Sports Hall of

Fame, an organization that is

very active in providing scholar-

ships for underprivileged

youths. Carey’s great-grandfa-

ther Simon Carey immigrated to

Chicago from County Clare andmarried Roscommon-native

Mary O’Brien. On his mother’s

side, Carey traces his roots back

to Monaghan. He is married with

three sons.

ChristopherCondronAXA Financial

Christopher “Kip” Condron is

President and CEO of AXA

Financial, Inc., and a member of

the AXA Group

Management

Board. He

joined AXA in

2001, immedi-

ately following

his roles as

President and

COO of the Mellon Financial

Corporation and Chairman and

CEO of the Dreyfus Corporation.

Condron began his career at

C.S. McKee and Co. before

forming his own financial plan-

ning firm.

In 1989, Condron joined The

Boston Company, now Mellon

Private Asset Management,

where he was named executive

vice president. In 1995, he took

over responsibility for the

Dreyfus Corporation.

Condron received his bache-

lor’s degree in business from the

University of Scranton. He is

Vice Chairman of the Financial

Services Roundtable and serves

on its board of directors. He is

also the director and treasurer of

The American Ireland Fund, and

a trustee on the board of the

University of Scranton.

Married with three children,

Condron is a third-generation

Irish-American with roots in

counties Donegal and Cork.

John ByrneBank of America

As the Regulatory Relations

Executive for Bank of America,

John J. Byrne coordinates

relationships with federal regula-

tors, analyzes regulatory propos-

als and identifies emerging

regulatory risks.

Byrne joined Bank of America

in 2005 as senior vice president

for AML Strategies. The

company has an affiliate in

Dublin called

Banc of America

Ireland Leasing

Co., Ltd.

Byrne, who

received the

American

Bankers

Association Distinguished

Service Award in 2006, earned

his BA from Marquette

University and a law degree

from George Mason. He is a

member of the bar in both the

District of Columbia and

Pennsylvania.

A second-generation

Irish-American, Byrne’s father’s

family hailed from counties

Galway and Carlow, while his

mother’s family have roots in

counties Sligo and Galway.

He says that his appreciation

for the importance of

participating in the political

process – a keystone of Irish

culture in the U.S. – stems

from several Irish role models,

including his father.

Erin CallanLehman Brothers

Erin Callan is a powerhouse

in the investment banking divi-

sion of Lehman Brothers where

she served as CFO from

September 2007 through June

2008.

Before joining Lehman

Brothers, Callan was an associ-

ate at the law firm of Simpson,

Thatcher & Bartlett in New

York, specializing in corporate

taxation. For the past few years,

Callan has been a member of the

investment bank’s Senior Client

Council. She is a multi-year

recipient of the Chairman’s

Award for Client Service and

President’s Corporate

Citizenship Award, a senior

leader of WILL (the women’s

network at Lehman Brothers)

and has been honored by the

Women’s Bond Club as its 2006

Merit Award Winner.

Callan graduated magna cum

laude from

Harvard in

1987, where

she earned a

BA. She also

holds a JD from

New York

University

School of Law, 1990.

A third-generation Irish-

American, Callan traces her

father’s family to County

Roscommon and her mother’s to

County Donegal. A New York

City native, she is married and

owns three dogs.

IA.42-52.qxd 7/10/08 4:20 PM Page 42

DST 6/26/08 1:14 PM Page 1


STREET50WALL

Hillary Cullen UBS Private Wealth Management

Hillary Cullen joined UBS Financial Services

in 1998 through its predecessor firm Paine Webber

and currently works as the Vice President of

Investments at UBS. She is a member of the

Sage/Swaser Group in the Private Wealth

Management office at UBS and holds the Private Wealth Advisor

designation.

Cullen graduated from Wheaton College with a B.A. in

Mathematics. She is a former Associate Director of international sales

for International Strategy & Investments (ISI), a leading macroeco-

nomic research firm. She started her career as a portfolio assistant at

Morris & McVeigh, LLP, a trust and estate law firm. Cullen then

worked for the Archdiocese of New York with charitable fund-raising

and development. She is member of the board of advisors for

Cathedral High School in New York and is a member of The American

Ireland Fund. Cullen is third-generation Irish-American. Her father’s

family hails from Blackwater, County Wexford and her mother’s

family from County Clare. Her Irish heritage gives her pride in where

she comes from, in her family and her faith.

Noel B. DonohoeMerrill Lynch

In January 2008, Noel B.

Donohoe was named co-chief

risk officer of Merrill Lynch.

Prior to joining Merrill Lynch,

Donohoe, who has more than 20

years of risk management expe-

rience in the financial services

industry, was chief operating

officer and a partner of Dune

Capital Management, working

with risk management, finance,

investor reporting and opera-

tions. Before Dune Capital

Management, he was with

Goldman Sachs, where he was

head of

Firmwide Risk

and responsible

for global mar-

ket risk across

all the trading

and private equi-

ty businesses.

Donohoe

graduated with a Bachelor of

Commerce from University

College Dublin, and is a fellow

of the Institute of Chartered

Accountants in Ireland.

Born in Monaghan, he makes

a point to travel back to Ireland

for at least two weeks each sum-

mer. Donohoe believes his Irish

upbringing has played an impor-

tant part in his life, allowing him

to look on the brighter side of

issues, and to use humor as a

way of breaking down barriers.

Craig DonohueCME Group Inc.

Craig Donohue has served as

Chief Executive Officer and a

director of the

board of CME

Group since

July 2007. Prior

to his current

position,

Donohue served

CME for years

in a variety of roles, among

them CEO of CME Holdings. In

addition to serving on CME’s

Board of Directors, Donohue is

a Director of FXMarketSpace

and the Brazilian Mercantile &

Futures Exchange S.A.

(BM&F).

After receiving a BA from

Drake University in 1983,

Donohue earned a Juris

Doctor from John Marshall

Law School in 1987, a Master

of Laws degree in Financial

Services Regulation from IIT

Chicago-Kent College in 1989,

and a Master of Management

degree from Northwestern

University in 1995.

Donohue, who is Chairman of

the Board of the National

Council on Economic Education

(NCEE), a nonprofit organiza-

tion, is a third-generation

Irish-American with roots in

County Cork. He lives in

Northbrook, Illinois, with his

wife and their three children.

David Dempsey Bentley Associates L.P.

David Dempsey, who has over 28 years of experi-

ence as an international investment banker specializ-

ing in private equity, mergers and acquisitions, is a

Managing Director at Bentley Associates L.P. in New

York. Prior to joining Bentley, Dempsey worked with

a number of banks in New York and London, on the merger and acquisi-

tion and corporate finance sides and also with a major management con-

sulting firm. He began his career at the Chase Bank in London after com-

pleting his term as Secretary General of AIESEC International in

Brussels, and also serves as the director of The New Ireland Fund, Inc., a

closed-end diversified investment company with 80 percent of its assets in

a portfolio of Irish securities. He is an Advisory Board member for the

Pennell Venture Partners Marathon Fund L.P., a private equity fund, and is

also the founder of the China Investment Group, LLC. Dempsey grew up

in Dublin and earned a Bachelor of Commerce from University

College Dublin and his MBA from Fordham University. He has served

as a Visiting Professional at New York University, is a commercial

pilot and Master Flight Instructor in his spare time, and lives in New

York City with his wife Deborah and their daughter.

Anthony ConroyThe Bank of America

Anthony Conroy is a

Managing Director and Head

Trader for BNY ConvergEx

Execution Solutions LLC, a

member of BNY ConvergEx

Group. He oversees broker-

assisted trading and is responsi-

ble for the coordination and

deployment of customized trad-

ing solutions designed to meet

clients’ investment strategies.

A member of

the senior man-

agement team of

BNY ConvergEx

Execution

Solutions,

Conroy, who has

more than 20

years of direct investment and

trading experience, began his

career as a Vice President and

Sales Trader at Shearson

Lehman Brothers. Prior to join-

ing BNY ConvergEx Group,

Conroy served as a head trader

and portfolio manager for

Merrill Lynch Investment

Management’s hedge fund unit.

An active member in the secu-

rities industries’ Wall Street

Committee for St. Jude’s

Children’s Hospital, Conroy is a

third-generation Irish-American

who traces his roots on his

father’s side to County Clare,

and is very proud of his Irish

heritage. A graduate of St. John’s

University, where he received

his BS in Finance, he is married

with five children.

Noreen CulhaneN Y Stock Exchange

As Executive Vice President

for the New York Stock

Exchange’s Global Corporate

Group, Noreen Culhane manages

Business Development, Client

Service, Marketing, Sales

Support, and the Initial Public

Offering process and Structured

Products for the Exchange’s

business worldwide.

A first-generation Irish-

American with roots in County

Kerry, Culhane believes that

strong relationships founded on

mutual trust and respect are

essential to economic growth

and peace and that Ireland and

the U.S. should lead the way and

be a model for others.

A native New Yorker, Culhane

obtained an undergraduate

degree from the College of

Mount St. Vincent, where she

serves on the board, and a

graduate degree in education

from the College

of New

Rochelle. She

also completed

the Advanced

Management

Program at

Harvard. She

serves on the Operations

Committee for the NYSE and the

Fund Raising Board of the

Borough of Manhattan

Community College. She is a

board member of the Marco Polo

Network, and a member of the

Economic Club of New York.

IA.42-52.qxd 7/10/08 4:21 PM Page 43

Walstreet 6/27/08 10:59 PM Page 1

Walstreet 6/27/08 11:00 PM Page 2

John Duffy • KBW IncIn 2001, John Duffy was named Chairman and

CEO of Keefe, Bruyette &Woods, Inc., a firm that

he has been with for more than 28 years. He had

served as the President and Co-CEO since July

1999. In the nine years previous, Duffy was the

executive vice-president of the Investment

Banking Department within the firm.

Duffy’s prior employment was with Standard &

Poor’s Corporation as vice president. After attending the City College

of New York, where he earned his BA in economics, Duffy received

his MBA from Bernard Baruch College Graduate Program of the

City University of New York. Duffy is active on the board of trustees

of the Michael Smurfit Graduate School of Business, University

College, Dublin. He also serves as the chairman of the Investment

Committee of the Cardinal & Gold Fund of Cardinal Hayes High

School, Bronx, New York. In 2006, Duffy gave the keynote address

at Irish America’s Wall Street 50 dinner, and was honored by the

Ireland Chamber of Commerce in the United States. His mother is

from NewTongore, County Leitrim and his father is from Culleens,

County Sligo.


STREET50WALL

Robert Charles Golden Prudential Financial

Bob Golden joined Prudential in 1976 and is now

Executive Vice President of Prudential Financial.

Under his leadership, Prudential founded a technolo-

gy and call center in County Donegal, which now

employs 700 people. Golden, who earned his BS

and MBA from Fordham University, serves as first vice chair and

director of HeartShare Human Services of New York, a nonprofit

organization for children in need. In 2000, he received the Ellis Island

Medal of Honor. In 2001, he was named Man of the Year by Catholic

Charities of Brooklyn and by the New York Aquarium. In 2002,

Golden was named Man of the Year by Catholic Big Brothers, and in

2006 was named a Distinguished Irish-American by New York City

Comptroller, William Thompson. Golden is a Knight of Malta and a

Knight Grand Cross of the Holy Sepulchre. A third-generation Irish-

American with roots in County Mayo, he is a member of the Friendly

Sons of St. Patrick, the Ancient Order of Hibernians and the St. Patrick

Society of Brooklyn. He and his wife Maureen live in Staten Island

with their two children, Katie and Bobby.

Mary CallahanErdoesJP Morgan Private Bank

Mary Callahan Erdoes is Chief

Executive Officer of JPMorgan

Private Bank and Chairman of

Global Wealth Management. As a

member of the JPMorgan Chase

Executive Committee, her

responsibilities include working

with the firm’s ultra high net

worth clients.

Since joining J.P. Morgan in

1996, Callahan Erdoes has served

in a variety of roles including

head of Investment Management

and Alternative

Solutions for the

Private Bank

and CEO of

JPMorgan

Private Bank.

An Illinois

native, Callahan

Erdoes is fourth-generation Irish-

American. Her great-grandpar-

ents emigrated from Counties

Cork on her father’s side and

Tipperary on her mother’s. She

received her B.S. from

Georgetown University and her

M.B.A. from Harvard Business

School. A member of the Young

Presidents’ Organization, she

serves on the Board of Directors

of the U.S. Fund for UNICEF.

Callahan Erdoes lives with her

husband and three daughters in

New York City.

Michael FarrellMetLife

Michael K. Farrell is an execu-

tive vice president at MetLife

and is responsible for the organi-

zation’s Independent Distribution

Group and

MetLife

Resources which

services the not-

for-profit com-

munity. Prior to

joining MetLife

in 2001, Farrell

held the positions of president,

Mutual Benefit Pension

Corporation and senior vice pres-

ident, sales and marketing for

Mutual Benefit Life Insurance

Company. He has served as

national sales director for

ReliaStar Retirement Plans,

member of the board of directors

of Employee Benefit Plans, Inc.,

vice president of Mutual Benefit

Investment Advisory Corp. and

director of Essex Corporation.

He currently serves on the Board

of Directors of NAVA.

Farrell, who graduated from

Fairleigh Dickenson University

and went on to attend the

Columbia University School of

Management, is active in several

community organizations includ-

ing St. Vincent’s Home and

School Association, Integrity

House Drug Abuse Center, the

Fordham Gridiron Club, and the

Boys and Girls Club of Newark.

A second-generation Irish-

American, he traces his father’s

family to Tuam, County Galway.

Terrence DuffyCME Group Inc.

Terrence A. Duffy has served

as Executive Chairman of CME

Group since July 2007. He was

Vice Chairman of the Board of

CME Holdings Inc. from its for-

mation in August 2001 and of

the Board of CME from 1998 to

April 2002. In 2002, Duffy was

appointed by President Bush to

serve on a National Saver

Summit on

Retirement

Savings. The

following year,

he was con-

firmed by the

U.S. Senate as a

member of the

Federal Retirement Thrift

Investment Board (FRTIB). He

serves on several boards includ-

ing FXMarketSpace Limited and

World Business Chicago. His

involvement extends to the

Economic Club of Chicago and

the President’s Circle of the

Chicago Council on Global

Affairs. Duffy is involved in the

Mercy Home for Boys and Girls

and Saint Xavier University. In

2007, he received a Doctor of

Humane Letters from DePaul

University. Duffy attended the

University of Wisconsin-

Whitewater. He calls his third-

generation Irish heritage a source

of “great pride,” and traces his

father’s family to Westport,

County Mayo. He lives in

Lemont, Illinois with his wife

and twin sons.

Bryan T. DurkinCME Group Inc.

Bryan T. Durkin has served as

Managing Director and Chief

Operating Officer of CME Group

Inc. since July 2007. He previ-

ously held a variety of leadership

roles with Chicago Board of

Trade from 1982 to 2007, most

recently as Executive Vice

President and Chief Operating

Officer. He also served as

Chairman of the Joint

Compliance Committee for all

U.S. futures exchanges and repre-

sented CBOT on various industry

panels concerning trading prac-

tices and trading operations.

Durkin, who has also been an

adjunct faculty member of Lewis

University's MBA program,

teaching courses in organization-

al behavior and management, is

a second-generation Irish-

American who traces his roots to

County Mayo on both sides. He

credits his Irish immigrant

grandparents with “paving the

way” for his

“beautiful and

productive life,”

adding: “The

Irish have

proven to be a

resilient and

giving culture

and I am most grateful to be a

part of that legacy.” He has a

Bachelor’s degree in Business

Administration and an MBA

from Lewis University. Durkin

lives in Chicago with his wife

and four children.

IA.42-52.qxd 7/10/08 4:21 PM Page 44

WALLST50-AD 7/8/08 7:47 PM Page 1

Michael Grealy Bank of Ireland Group

Michael Grealy is CEO for Alternative

Investments and International Distribution in the

Capital Markets Division of the Bank of Ireland

Group. As CEO, Grealy oversees the Group’s

interests in international and alternative invest-

ments, including being the Chairman of both

Iridian Asset Management and Guggenheim Advisors, and board

member of Paul Capital Investment. He is also responsible for the

distribution of investment products through the group’s international

sales and client service platform in the U.S., Canada, Australia, the

UK, and Europe. Prior to joining the Bank of Ireland Group, he

worked with Boston Scientific, Baxter Healthcare, Digital Equipment

Corp. and Seagate Technology.

He is the President and Director of the Board of the New Ireland

Fund in New York. Grealy is a co-founder and director of Coláiste

Lurgan, an educational institution in the Connemara Gaeltacht dedicated

to the promotion of Irish language and culture. Grealy received a B. Ed.

from University College, Dublin and a M.Sc. Management from Trinity

College, Dublin; he is also a Fellow of the Institute of Bankers.


STREET50WALL

Donald Keough Allen & Company

Donald Keough became Chairman of Allen &

Company, Inc., in 1993 following his retirement as

President, COO of the Coca-Cola Company.

In 2004, Coca-Cola re-elected Keough to the

post of director. Keough also serves on the boards

of IAC/InterActive Corp., Global Yankee Holdings, Convera

Corporation, and Berkshire Hathaway, Inc. He has received various

honors in his career, including honorary doctorates from the

University of Notre Dame, his alma mater Creighton University,

Emory University, Trinity College, Dublin, University College

Dublin, and Clarke University. The University of Notre Dame’s high-

est honor, the Laetare Medal, was presented to Keough in 1993. In

1995, he established the Keough-Naughton Institute of Irish Studies

at the University of Notre Dame. He was elected a Fellow of the

American Academy of Art & Sciences in 2002 and inducted into the

Junior Achievement National Business Hall of Fame in 2003. Keough

received honorary Irish citizenship in June, 2007.

Denis KelleherWall Street Access

Denis Kelleher is Founder and

CEO of Wall Street Access, a

diversified financial services

organization with expertise in

money management and trading

for institutions and hedge funds.

Billions of dollars are processed

through Wall Street Access

annually and it is a member of

the New York Stock Exchange.

Kelleher began his career in

1958 as a messenger with

Merrill Lynch, where through

dynamic financial talent, he rose

dramatically through the compa-

ny ranks until 1969 when he

founded Ruane

Cunniff and its

Sequoia Fund.

In 1981 he

founded Wall

Street Access.

Kelleher, a

native of

County Kerry, Ireland, is a grad-

uate of St. John’s University,

where he served as Chairman of

the Board for the last eight

years. He is Director of The

New Ireland Fund and member

of the Staten Island Foundation.

He was proud to be recognized

with the Ellis Island Medal of

Honor in 1995. In 2005,

Kelleher was Grand Marshal of

the St. Patrick’s Day Parade in

New York City. He is married

with three children and seven

grandchildren.

Sean KelleherWall Street Access

As managing director of Wall

Street Access, the financial

services

organization

founded by his

father Denis

Kelleher, Sean

Kelleher has

helped guide the

firm through

successful ventures in online

brokerage, institutional

research and trading and asset

management.

In 1992, Kelleher joined the

firm as a clerk and now

manages a team of more than 50

analysts, traders and salespeople.

A graduate of Wagner College,

Kelleher now serves on the col-

lege’s alumni board. He also

serves as co-chairman of the

Staten Island Film Festival and

is the co-founder of the Gerry

Red Wilson Foundation to sup-

port spinal meningitis research.

Kelleher, who spent the sum-

mers of his youth in Ireland,

working the bog, says the cata-

lysts behind his love for Irish

culture are his family and play-

ing Gaelic Football in his

father’s village in County Kerry.

He lives on Staten Island, New

York with his wife Wendy and

their three children, Maggie,

Jack and Denis.

Michael HigginsCIBC

Michael Higgins is Managing

Director and Head of Real Estate

Finance at CIBC World Markets.

CIBC is a leading financial insti-

tution and one of the largest in

North America, with total assets

exceeding $200 billion and

offices around the world.

Higgins is one of the most

active and respected real estate

finance execu-

tives in the U.S.

He has experi-

ence in all

aspects of the

real estate indus-

try and has been

involved in the

financing and advisory of over

$50 billion of commercial real

estate transactions.

A native of County Mayo,

Higgins earned a Bachelor of

Commerce degree from National

University of Ireland, Galway,

where he serves on the founda-

tion board. He also holds a

Master of Science degree in Real

Estate Finance from New York

University.

Higgins, who is married and

has four children, is a member of

The American Ireland Fund. An

avid golfer, he served as chair-

man of the AIF’s golf outing at

Baltusrol, New Jersey in 2004.

James HoganHSBC

As Executive Vice President

of HSBC Holdings PLC/HSBC

Bank USA, James Hogan is

responsible for Trade and Supply

Chain and Global Transaction

Banking at HSBC. He joined

HSBC in 1987 and has served in

a variety of positions across a

number of disciplines within the

HSBC Group. Hogan oversees

the Trade and Supply Chain

business, which provides adviso-

ry services, financing, and sup-

port for companies in North

America, carrying out cross-bor-

der trade with the rest of the

world. With HSBC’s history of

servicing the international trade

needs of companies worldwide,

he plays an integral role in the

continuation of HSBC’s commit-

ment to support international

networks across emerging and

developed markets.

Hogan was

born and raised

in Dublin, and

graduated from

the University of

Dublin with a

Bachelor of

Commerce. He

serves on Goal USA’s advisory

board, and says being Irish “pro-

vides a firm foundation to live

and work anywhere in the world,

which is based on a combination

of pride, dynamism, resilience

and good humor.” He is married

to Josie, and is an avid golfer

and long distance runner.

IA.42-52.qxd 7/10/08 4:45 PM Page 46

Met life 7/2/08 7:59 AM Page 1

ad_EnterpriseIreland 7/1/08 1:18 PM Page 1


STREET50WALL

Thomas Lynch Milkie/Ferguson Investments

As Vice-President/Investments and registered

principal of Dallas-based Milkie/Ferguson

Investments, Thomas Patrick Lynch works closely

with clients assisting them with stock selection,

asset allocation and risk management. Lynch not

only works with clients but also manages Milkie-

Ferguson advisors outside of the company’s central Dallas office.

A graduate of University of Missouri-Kansas City, Lynch has over

20 years of experience as an investment adviser and stockbroker. As a

specialist in stocks and IRA rollovers, he has been honored with Top

Producer awards.

A married father of two, Lynch honors the motto on the Lynch

Family Coat of Arms, “Semper Fidelis” (Always Faithful). The sec-

ond-generation Irish-American remains always faithful to his family’s

roots in counties Roscommon and Cork. He and his wife have worked

with Project Children, a program that brings Protestant and Catholic

children to the U.S. from Northern Ireland each summer. Lynch’s pride

in his heritage has led him to be an active member of the Irish-

American society in Dallas, Texas where he currently resides.

JosephMcAlindenCatalpa Capital

Joseph McAlinden established

Catalpa Capital LLC in March

2007 and serves as its Chairman

and Chief Executive. For 12

years prior to Catalpa,

McAlinden worked at Morgan

Stanley Investment Management

as Chief Investment Officer.

A native of Newark, New

Jersey, McAlinden graduated

from Rutgers University with a

B.A. in Economics and is a

Chartered Financial Analyst. He

began his career

on the floor of

the New York

Stock Exchange

over 30 years

ago. A first-gen-

eration Irish-

American, his

father hails from

County Down and his mother is

a native of Scotland. McAlinden

is married with five children. He

serves on the Board of the

Convent of the Sacred Heart and

on the New York Board and

Dinner Committee of The

American Ireland Fund. Of his

Gaelic roots he says: “My good

fortune to have experienced a

taste of the ‘American Dream’

may have defined for others the

tapestry of what I am, but, for

me, my Irish heritage defines the

fabric of who I am.”

Meg McCarthyAetna Inc.

As Chief Information Officer

(CIO) and Senior Vice President

of Procurement

and Real Estate,

Meg McCarthy

is responsible for

all information

technology serv-

ices, process and

performance

improvement, procurement and

real estate at Aetna Inc. Prior to

being named CIO in 2005,

McCarthy was Vice President and

Head of Business Solutions

Delivery at Aetna.

McCarthy received her

Master’s of Public Health degree

in Hospital Administration from

Yale University and received her

B.A. in Philosophy from

Providence College. Before work-

ing for Aetna, she was Senior

Vice President of Information

Technology at CIGNA.

McCarthy’s military experience

includes U.S. Navy Medical

Services Corps; Lieutenant at

Bethesda Naval Hospital; and

U.S. Navy Reserves, Lieutenant

Commander. A third-generation

Irish-American whose father’s

family came from Kerry,

McCarthy is a member of the

Ancient Order of Hibernians and

calls her Irish heritage a source of

“strong spirit, personal warmth,

and perseverance.”

Joseph Manning Merrill Lynch & Co.

Joseph R. Manning joined Merrill Lynch as an

analyst on the Risk Arbitrage desk after complet-

ing an MBA in Finance from New York

University. He then moved on to become a credit

analyst and trader on the Convertible Desk and to

earn his Chartered Financial Analyst designation.

In 2003, Manning joined Merrill’s Prime Brokerage business and was

promoted to the Head of U.S. PB Sales. Currently, he leads a sales

and relationship management team in the Global Markets Financing

& Services division.

Manning’s financial efforts extend into the social sector. He was

one of the founders of The Manhattan Society, an organization raising

funds for the National Multiple Sclerosis Society, is a supporter of the

Wall Street Friends of St. Christopher, and is a charter member of the

President’s Council for his alma mater, Assumption College.

A member of the Ancient Order of Hibernians, Manning is a sec-

ond-generation Irish-American, tracing his family to County Cork on

his father’s side and Kerry on his mother’s side. He is married with

three children.

Sean T. KilduffUBS

As Senior Vice President of

Investments at UBS Private

Wealth Management, Sean T.

Kilduff focuses on delivering

customized solutions to high net

worth individuals and families.

He also serves as Senior Portfolio

Manager in the Portfolio

Management Program concentrat-

ed on developing customized

investment strategies that utilize

strategic and

tactical asset

allocation

models.

Born and

raised in New

York City,

Kilduff is a

graduate of St. John’s University

with a B.S. in Finance. He began

his career at Shearson Lehman

Brothers and spent nine years at

Morgan Stanley Global Wealth

Management before moving his

team and practice to UBS Private

Wealth Management. A first-gen-

eration Irish-American, Kilduff’s

mother was born and raised in

Dublin and his father is from

Westmeath. He notes, “Having

visited my grandmother in Dublin

often, Ireland became a big part

of my life from an early age. As a

result, I gained a true appreciation

for the world famous warmth and

incredible wit of the Irish people.”

Kilduff lives in Rockville

Centre, New York with his wife

Jean and their four children.

Catherine KinneyNYSE Euronext

Catherine R. Kinney is Group

Executive Vice President and

Head of Global Listings, NYSE

Euronext, and a member of the

NYSE Euronext Management

Committee. Based in Paris, she is

responsible for overseeing the

company’s global listings and

NYSE Euronext marketing and

branding.

Kinney joined the NYSE in

1974 and has held management

positions in several divisions,

including Technology Planning,

Sales and Marketing, Operations

and Regulation. In 1986, she

became responsible for

managing trading-floor

operations and technology.

Kinney graduated magna cum

laude from Iona College and

completed the Advanced

Management Program, Harvard

Graduate School of Business.

She is a member of the boards

of Georgetown University and

Catholic

Charities.

A second-

generation Irish-

American,

Kinney’s pater-

nal grandfather

was from

County Mayo and her paternal

grandmother was from

Ballyjamesduff, County Cavan.

Her maternal grandfather was

from County Sligo and her

maternal grandmother was from

County Leitrim.

IA.42-52.qxd 7/10/08 4:45 PM Page 47

AXA 6/27/08 9:26 AM Page 1

BNYMellon 7/2/08 6:00 PM Page 1

Prudential_art_Ryan 7/2/08 4:05 PM Page 1

Liam McGee Bank of America

Liam E. McGee is President of Global

Consumer and Small Business Banking for Bank

of America, which serves nearly 56 million con-

sumer and small business households in the U.S.,

Canada and Europe.

McGee joined Bank of America in 1990 and

has broad leadership experience in consumer and commercial

banking, as well as technology and operations. In 2001, he was

appointed president of the Bank of America Consumer Bank.

Active in civic affairs and education, McGee is a member of the

National Urban League Board of Trustees and the Arts & Science

Council in Charlotte, North Carolina. He recently served as chairman

of the board of trustees of both the University of San Diego and the

United Way of Greater Los Angeles.

A native of County Donegal, Ireland, McGee grew up in Southern

California and speaks Spanish fluently. A graduate of the University

of San Diego, he has a master’s degree in business administration

from Pepperdine University, and a law degree from Loyola Law

School. McGee and his family live in Charlotte.


STREET50WALL

Kathleen Murphy INGKathleen Murphy is Chief Executive Officer of

ING U.S. Wealth Management. Her responsibilities

include leading the Retirement Services and Retail

Annuity businesses of ING, which had pretax earn-

ing in 2007 of over $1 billion, as well as ING’s

Broker Dealer network, one of the largest independ-

ent broker dealer systems in the country. As CEO,

Murphy is charged with leading thousands of employees and well over

150,000 distribution partners to drive growth and value creation while

continually enhancing the company’s competitive positioning. Murphy

joined ING in 2000, after ING’s acquisition of Aetna Financial

Services. Prior to this acquisition, she served as General Counsel and

Chief Compliance Officer of Aetna. Murphy holds a Juris Doctorate

degree with highest honors from the University of Connecticut, and

graduated summa cum laude with a Bachelor of Arts degree in both

Economics and Political Science from Fairfield University. She is

third-generation Irish-American – her father Charles Murphy’s family

hailed from Cork, while her mother, Christine Connor’s family were

from Kerry. Murphy is married to George Hornyak and they have a

son, Jack.

AnthonyMurphyHSBC

Anthony (Tony) Murphy is sen-

ior executive vice president of

strategy implementation at HSBC

North America Holdings Inc., a

wholly owned subsidiary of

HSBC Holdings plc

(NYSE:HBC). In previous roles

with HSBC, Murphy was Head of

Portfolio Management for HSBC

North America and President and

Chief Executive Officer of HSBC

Securities (USA) Inc. Before

joining HSBC

in 1990, he held

positions at

Towers, Perrin,

Forster and

Crosby, HSBC

James Capel &

Co. and Nomura

International, based in London.

Throughout his career, Murphy

has been a consistent advocate for

enhancing workplace diversity

and a promoter of community

outreach initiatives in the educa-

tion field. Born in Dublin, he

earned his degree in Mathematics

and Physics from Trinity College,

Dublin. He holds a Ph.D. in

Theoretical Physics from Oxford

University, and is a Fellow of the

UK Institute of Actuaries. Married

with two children, aged 19 and

13, Murphy counts trekking and

photography among his many

interests.

Conor MurphyMetLife

As vice president and head of

investor relations for MetLife,

Conor Murphy

manages coordi-

nation and exe-

cution of pre-

senting MetLife’s

financial results

and strategies to

the analyst and

investor commu-

nity. Murphy was appointed to

his current position in November

2007. He has been with MetLife

since October 2000 after seven

years with PWC LLP. Conor

spent his early career with Grant

Thornton LLP in Dublin.

A past president of the

Association of Chartered

Accountants, Murphy is a certi-

fied public accountant and mem-

ber of the Massachusetts Society

of CPAs.

Murphy is known for telling

people, “I’m a Donegal man, my

home (and heart) has always

been Donegal, where the third

generation of Murphys still run

the family store, ‘Murphy of

Ireland.’ ” Murphy resides in

Westchester County, NY with his

wife Ani and sons Jack and

Aidan but remains close to his

family who still live in Donegal.

His favorite quote, “We are our

father’s sons,” comes from

Douglas Hyde, the first President

of Ireland, and reflects his great

admiration for his father.

ThomasMcInerney ING

Thomas J. McInerney is the

Chairman & CEO of ING

Insurance Americas and also

serves on the

ING Group

Executive

Board. He is

responsible for

all United States

Financial

Services (USFS)

businesses, which includes

retirement, investment, mutual

funds, insurance, employee ben-

efits, reinsurance and asset man-

agement products and services

across the United States.

McInerney was president of

Aetna Financial Services and

joined ING after they acquired

Aetna Financial in December

2000. After graduating with hon-

ors from Colgate University in

1978 with a Bachelor of Arts

degree in Economics, McInerney

received a Master of Business

Administration degree, with a

concentration in Finance and

Investments, from the Tuck

School of Business at Dartmouth

College in 1982.

A fourth-generation Irish-

American with roots in Counties

Clare and Cork, McInerney’s

great-grandparents, both mater-

nal and paternal, came to the

United States in the 1840’s and

50’s.

SeamusMcMahonBooz & Company

Seamus McMahon is the Vice

President of Financial Services

at Booz & Company, based in

New York. A partner in Booz

from 1991-1995, he went to

HSBC Bank USA and then

rejoined the firm in October

2006. In his current position

McMahon leads the commercial

banking practice in the United

States. Prior to rejoining the firm

McMahon held leadership posi-

tions at other consulting firms

and had line responsibilities at

Toronto Dominion Bank and

HSBC Group.

McMahon, whose roots are in

counties Monaghan and

Tipperary, attended Trinity

College, Dublin where he gradu-

ated with a BA in Economics.

Asked what his Irish heritage

means to him, McMahon

answers, “My Irish heritage

anchors me and

secures my

sense of commu-

nity – especially

important in

fast-moving

New York.”

McMahon cur-

rently serves on the board of the

National Council on Economic

Education and on the Advisory

Board of Enterprise Ireland. He

has two children and lives in

New York.

IA.42-52.qxd 7/10/08 4:45 PM Page 48

CIBC-AD 7/2/08 7:57 AM Page 1

TourismIreland 6/26/08 2:01 PM Page 1


STREET50WALL

John T. O’NealDST Systems, Inc.

As vice president of DST Systems, Inc., and presi-

dent of DST Securities, Inc., John O’Neal developed

the most widely used mutual fund accounting system

in the country, the DST Portfolio Accounting System

(PAS). And after 30 years with DST, he continues to

work in business development and special projects.

O’Neal, who holds a BA in Economics and an MBA from the

University of Missouri, Kansas City, and retired from the Missouri

Army National Guard in 1992 as a Lt. Colonel, continues to research

his Irish ancestors who emigrated in the 1790s. He supports various

Irish organizations including the Irish Museum and Cultural Center of

Kansas City, and the Celtic Fringe of Kansas City.

In 2006, O’Neal was honored with the Greater Kansas City Irish

Unification Award by the AOH of Kansas City for his work improving

communications between various Irish organizations.

O’Neal currently resides in Overland Park, Kansas with his wife. He

is dedicated to ensuring that his two children and three grandchildren

know and celebrate their Irish heritage.

Thomas RyanING Capital

Thomas Ryan is Managing

Director and Regional Head of

the Americas

for the Financial

Engineering

Group at ING

Capital based in

New York. He

is the youngest

managing direc-

tor in ING Capital and under his

leadership the group has grown

to be the largest revenue-genera-

tor for ING Capital in the region.

Ryan joined ING 14 years ago

after a short period at NCB

Stockbrokers in Dublin. He

moved to New York in

November of 2001 to help

develop the Financial

Engineering business for ING in

the U.S. and was made regional

head of the group in 2003.

Ryan has a degree in Business

Studies from the University of

Limerick and received a master’s

of science in Economics from the

Center for Economic Research in

Tilburg, the Netherlands. Since

coming to New York as a student

many years ago, Ryan is fulfill-

ing a dream by working in the

finance sector with ING.

A member of The American

Ireland Fund, Ryan is also on the

advisory committees of the

SDLP USA and the University

of Limerick Foundation. He

lives in New York with his wife

Dawn and their daughter Alice,

born in March 2008.

Arthur Ryan Prudential Financial

After 14 years as Chairman

and CEO of Prudential Financial,

Inc., one of the largest diversified

financial institutions in the

world, Arthur F. Ryan retired in

May 2008. When Ryan took the

position in 1994, he became the

first Chairman and CEO in the

company’s history to be elected

from outside the company.

Prior to joining Prudential

Financial, Ryan was President

and COO of Chase Manhattan

Bank. Ryan was named chair-

man of the American Council of

Life Insurers in October 2003.

He is also

co-chair of the

New Jersey

Performing

Arts Center.

Ryan is a

member of the

Council on

Foreign Relations and the board

of trustees of New York

Presbyterian Hospital,

Regeneron Pharmaceuticals, Inc.

He serves as co-chair of the

board of Achieve, Inc., an organ-

ization created by U.S. gover-

nors and business leaders to pro-

mote high academic standards

for public schools in the U.S.

Ryan, who graduated from

Providence College with a

degree in mathematics, is a sec-

ond-generation Irish-American

whose family hails from County

Tipperary. He is married with

four children.

Brian A. Ruane The Bank of New York Mellon

Brian Ruane is Executive Vice President and Head

of Financial Institutions at The Bank of New York

Mellon. He is responsible for relationships and busi-

ness development for Broker/Dealers, Banks and

Hedge Funds globally. Ruane also sits on the Board of

Pershing LLC, the bank’s NYSE Broker/Dealer and

BNY Mellon Financial Services PLC, the bank’s Irish domiciled bank.

Ruane graduated from Colaiste Eanna in Dublin in 1982. In 1989, he

graduated from The Chartered Association of Certified Accountants in the

U.K. and Ireland. In 1995, he received his MBA from The Zarb School of

Business, New York, and in 2004, he was asked to sit on The Federal

Reserve’s Working Committee on the Future of the U.S. Treasury Market.

His father comes from Crossmolina, County Mayo and his mother is from

Drumhaldry, County Longford. He and wife Anna Lynch, who is from

Dublin, live in New York with their four children.

Ruane sits on the advisory boards of the UCD Michael Smurfit

School of Business, Dublin, and the Zarb School of Business, New

York.

JohnO’Donoghue SG Cowen & Co. LLC

John F. O’Donoghue is the

Head of Equities at Cowen &

Company LLC and a member of

the firm’s Executive Committee.

As such, O’Donoghue oversees

the firm’s research sales, sales

trading, and all trading areas of

the firm, along with strategic

planning and expansion of the

firm’s franchise.

Prior to join-

ing Cowen in

2005,

O’Donoghue

was Managing

Director and Co-

Head of Trading

at Credit Suisse

First Boston and was a member

of that firm’s Global Equity

Operating Committee. Prior to

that, he was a partner at

Schroders PLC and spent 24

years working with Schroders,

including six years as Managing

Director.

A native of County Down,

O’Donoghue received an honors

B.Sc. degree in Economics from

Queen’s University in Belfast.

He moved to the United States

in 1980 and has been active in

the American Ireland Fund, serv-

ing on the last seven chairman’s

committees for the annual New

York Gala. O’Donoghue also

serves on the QUB Advisory

Board (US) and is married with

two sons.

Ciaran O’KellyBank of America

Ciaran O’Kelly is Head of

Global Equities at Bank of

America, with responsibility for

cash and derivatives sales and

trading, institutional sales, elec-

tronic trading, NYSE Specialist,

prime brokerage and equity capi-

tal markets.

O’Kelly joined Bank of

America in 2002 as Head of

Equity Trading, with a mandate

to significantly grow the firm’s

Global Equities business.

During his tenure at the firm, he

has held leadership roles across

Markets and Banking, including

Head of U.S. Equities and Head

of Equity Capital Markets.

Prior to joining Bank of

America, he worked at Citigroup

/Smith Barney for 11 years, most

recently as Head of Equity

Trading from 2000 to 2002.

O’Kelly, who received a

Bachelor of Business Studies

from Dublin City University in

1989, is a mem-

ber of New York

University’s

Glucksman

Ireland House

and The

American

Ireland Fund

(AIF). He has served on the

chairman’s committee for the

annual AIF New York gala for

seven years. O’Kelly lives in

Manhattan with his wife Lisa

and their three sons.

IA.42-52.qxd 7/10/08 4:45 PM Page 49

BOI 6/26/08 1:12 PM Page 1


James SweeneyMFS

James Sweeney is the Vice President of

the Broker/Dealer Division of MFS Fund

Distributors, Inc.

Sweeney joined MFS in 1997 from

Smith Barney, Inc.,

where he had held

positions as Divisional

Sales Director and

Senior Sales Director

of Mutual Funds since

1991. Prior to that he

held sales manage-

ment positions in the Direct Investments

Department of Shearson Lehman

Brothers, and from 1981 to 1986 he

worked for Prudential-Bache Securities in

the Direct Investment and Legal

Departments. He is a graduate of the

University of Notre Dame and New York

University School of Law.

A second-generation Irish-American,

Sweeney said: “The history of the Irish

teaches us that adversity can be overcome

with a positive attitude, hard work and a

sense of humor.” His father’s family is

from County Mayo, his mother’s from

County Clare.

A native of Queens, Sweeney works in

New York City and is married with two

children.

Maureen White takes her Irish heritage very

seriously– she’s helping to build a new Irish-

American Cultural Center in New York City. White,

who is Chairman of the Board of Overseers of The

International Rescue Committee (IRC), has been

active with a number of organizations which focused

on international humanitarian issues. But her Irish

roots are very close to her heart, and so is her hus-

band, financier Steven Rattner, who is supportive of her efforts. The

couple recently opened their home on Fifth Avenue, New York City, for

a fundraising event for the Irish-American Center with actor Gabriel

Byrne, who is also on board on the project, serving as the special guest.

White was also a guest speaker at the Irish-American Forum in New

York last November – she spoke on philanthropy. A third-generation

Irish-American with roots in Cork and Kilkenny, she served as National

Finance Chair of the Hillary Clinton for President campaign, and was

the National Finance Chair of the Democratic National Committee for

five years. She also had a career in international economic research,

working with the Royal Institute of International Affairs in London and

the Nomura Research Institute in Tokyo, and First Boston Corporation

and Globe Finlay International.

White, who received her BA from Mount Holyoke College and her

MSc from the London School of Economics, is currently on the Board

of the International Women’s Health Coalition and the Chatham House

Foundation. She and husband Steven, have four children.

Steven Rattner is Managing Principal of Quadrangle

Group LLC, a private investment firm with more than

$6 billion of assets under management. Quadrangle

invests in media and communications companies

through separate private and public investment strate-

gies and across all asset classes through its asset man-

agement business. Quadrangle has offices in New York,

London and Silicon Valley and will be opening an

office later this year in Hong Kong. Prior to the formation of

Quadrangle in March 2000, Rattner served as Deputy Chairman and

Deputy CEO of Lazard Frères & Co. In addition to his management

responsibilities, Rattner founded the firm’s Media and Communications

Group and was involved in

many of the largest and most

important transactions in the

industry. Rattner received his

BA in economics from Brown

and was later awarded the

Harvey Baker Fellowship. He

is a former Chairman of thir-

teen.org and is also a Trustee

of the Metropolitan Museum

of Art, and an Honorary

Trustee of the Brookings

Institution.

Sharon SagerUBS Private WealthManagement

Sharon Sager, Senior Vice President,

Investments, is a Private Wealth Advisor at

UBS Financial Services Inc. A 25-year veter-

an of the financial securities

industry, Sharon previously

worked in the textile industry.

She graduated from the

College of Mount St. Vincent,

Riverdale, New York, with a

bachelor’s degree in fine arts.

Later, she obtained the

Certified Investment Analyst (CIMA) degree

from the Investment Management Consultants

Association. In 1983, she began her financial

career at Kidder Peabody & Co., which

merged with Paine Webber in 1995 and UBS

in 2000. Sager is a member of the board of

directors of C-CAP (Careers Through

Culinary Arts Program), former co-chairman

of the Board of Directors of the Women’s

Venture Fund, a not-for-profit micro lender,

and served in the President’s Circle of the

James Beard Foundation. In 2006, 2007 and

2008 Sager was named one of Barron’s Top

100 Women Financial Advisors. Sager is a

second-generation Irish-American and, true to

her roots, she holds membership in the Irish

Georgian Society and the New York Irish

History Roundtable. Her father’s family the

O’Tooles are from County Galway, while her

mother’s, the Carrolls, hail from County Cork.

Brian SweeneyMarco Polo Network

Brian Sweeney is one of the founding

members of Marco Polo Network, which

was established in New York City in 2001.

He currently serves as managing director of

the financial services firm with a special-

ized focus on emerging markets.

With offices across the major emerging

markets, Marco Polo Network is one of the

fastest growing platforms capitalizing on

global demand for emerging market invest-

ments and the growth of new marketplaces

across the globe. Sweeney, who has over

15 years experience in

trading and operations,

is responsible for client

strategy and sales of

equities, futures and

fixed income to Quant

Funds and Proprietary

Trading Desks in

Europe and the USA. He began his career

at Citigroup before becoming an options

specialist on the NYSE floor, and devel-

oped his emerging markets expertise while

at the Standard Bank of South Africa.

A Dublin native, Sweeney was educated

at Terenure College and University College

of Dublin, where he received a B.A. in

Economics and English. He resides in New

York City with his wife, Fabienne and two

children Liam and Xavier.

STREET50WALL

Maureen White • IRC / Steven Rattner • Quadrangle Group LLC

Husband and wife honorees help promote Irish culture in New York City

Maureen White with Gabriel Byrne at afundraiser in her Manhattan home forThe Irish-American Cultural Center.

IA.42-52.qxd 7/3/08 5:58 PM Page 52

Prudential 6/26/08 1:50 PM Page 1

BOA-AD 7/8/08 1:53 PM Page 1

The mere act of flying into Chicago is a reminder of the

Irish impact upon the city. O’Hare International Airport is

named after Lt. Commander Edward Henry “Butch”

O’Hare. The U.S. Navy’s first flying ace, O’Hare was

awarded the Medal of Honor for his service in the Pacific

during World War II. On November 26, 1943, O’Hare par-

ticipated in the first night attack on Japanese forces. The

29-year-old’s plane was shot down and never recovered.

After the war, Chicago Tribune publisher Colonel Robert

McCormick suggested changing the name of Chicago’s

Orchard Depot Airport in honor of O’Hare.

Bridgeport

1Take a ride through Bridgeport, the South Side neigh-

borhood settled by 19th-century refugees from the

Great Hunger who built the Illinois & MIchigan (I&M) Canal

that connected Chicago to the world. Bridgeport also sent

Edward J. Kelly and the father-and-son Richard J. and

Richard M. Daley to City Hall to become the most power-

ful mayors in the country. Some of the old Canal-era hous-

es are still visible.The novel Galway Bay coming out in

February tells the story of the earliest Chicago Irish.

Gaelic Park

2Opened in 1985, Gaelic Park is a venue for Irish sports, music

and culture, as well as an annual festival.The park also hosts

Chicago Gaelic Athletic Association events, including hurling and

soccer. Gaelic Park, 6119 W. 147th St., Oak Forest, IL, 60452.Tel.

708-687-9323.

Old St. Patrick’s Church

3Founded by Irish immigrants in 1846, the church

survived the great fire of 1871, and still serves

over 3,000 households. Designed by Architect

Thomas O’Shaughnessy, the church features beauti-

ful stained-glass windows (pictured left) which

helped earn it a spot on the National Register of

Historic Places in 1977. Old St. Patrick’s Church: 700

W.Adams St. Chicago.Tel: (312) 648-1021.

Irish-American Heritage Center

4The IAHC was opened officially by Irish presi-

dent Mary Robinson in 1991.The complex fea-

tures a library, museum and even the Fifth Province

pub.The center regularly hosts talks, concerts and

other events.Address: 4626 North Knox Avenue,

Chicago, IL 60630.Tel. 773-282-7035.

Chicago Irish ImmigrationSupport

5Founded in 1998, CIIS continues the tradition of assisting new-

comers to Chicago.Address: 640 North LaSalle Street, #390

Chicago, IL 60610.Tel: 312-337-8445.

6Annual noteworthy Irish events include the Chicago Irish Film

Festival, the IAHC’s annual Fest and, of course, the Chicago St.

Patrick’s Day Parade, which marches north up Columbus Drive

before concluding at Buckingham Fountain.

“Irish” Places to See in Chicago

IA.69.qxd 7/3/08 9:41 AM Page 69

InvestNorthernIreland 2/27/08 5:15 PM Page 1

PRNEWSWIRE 6/26/08 1:47 PM Page 1

Continental 6/27/08 9:19 AM Page 1

*Exclusive of applicable service and shipping charges and taxes. Items may vary and are subject to availability, delivery rules and times. Items available online, by phone and at participating 1-800-FLOWERS® retail stores. Offers cannot be combined,are not available on all products and are subject to restrictions, limitations and blackout periods. Prices and charges are subject to change without notice. Offer expires on 12/31/08. Void where prohibited. © 2008 1-800-FLOWERS.COM, INC.

Make their Summer sensational–shop for beautiful fresh flowers and

unforgettable gifts at 1-800-FLOWERS.COM®! Celebrate Dads, Grads,

Birthdays, Anniversaries and every shindig big and small!

Pick the best. We always do™.

Save15%*

Use Promotion Code IRISH at checkout

Call 1-800-FLOWERS® (1-800-356-9377), Click www.1800flowers.com today or Come in!

Save some green this Summer!

Project2 4/22/08 11:13 AM Page 1

Coke 6/27/08 10:53 PM Page 1

Celebrating the Irish in...Then HSBC acquired Household Finance, one of the largest subprime...

Documents

Transcript of Celebrating the Irish in...Then HSBC acquired Household Finance, one of the largest subprime...