Jay Sidhu
From Wikipedia, the free encyclopedia
Jay Sidhu (born August 08, 1951) is currently Chairman (chairman) and CEO (chief executive officer) of Sidhu Advisors, LLC, a private equity and financial services consulting company. In March 2008, he filed for his own $150 million SPAC, Special Purpose Capital Corp.[1]. From 1989 until his retirement in December 2006, he was the Chairman and CEO of Sovereign Bancorp (NYSE: SOV), Inc and Sovereign Bank, a $90b financial institution.[2]
During his 20-year career at Sovereign, he grew the organization from an IPO value of $12 million to the 17th largest banking institution in the US, with a market cap approaching $12 billion at the end of 2006[3]. Through 2006 sovereign’s shareholders experienced an IRR of 17% over the last 20 years; outperforming the S&P500 and Dow in the last 5, 10 and 20 year periods.
He has received Financial World’s CEO of the year award and named Turnaround Entrepreneur of the Year. From the Chamber of Commerce he was named Large Business Leader of the Year; from the Caron Foundation, Citizen of the Year. [4] Additionally he has received many other awards and honors, including a Hero of Liberty Award from the National Liberty Museum. [5]
Jay has served on the boards of numerous businesses and non-for-profits, including as a member of the board of Grupo Santander (Madrid).[6] He obtained an MBA from Wilkes University and is a graduate of Harvard Business School’s Leadership Course.
As a speaker on leadership and emotional intelligence, he has attended conferences in the US, Europe and Asia. He is active in community affairs and education. At his Alma Mater, he helped establish the Jay Sidhu School of Business and Leadership at Wilkes University, with the goal of it becoming a prominent center of excellence in these disciplines.[7]
