Richard Schaefer is the CEO of Golden Boy Promotions, a professional boxing promotion company based in Los Angeles.
Schaefer grew up in the Switzerland. He is a Swiss national who began his career in 1983 at Swiss Volksbank. Upon graduation from the Swiss Banking School in 1993, he joined IHAG Handelsbank where he spent four years as Registered Trader within the Institutional Trading business unit.[1]
Subsequently, in 1997, Mr. Schaefer joined Lombard Odier & Cie., as Vice President for the Institutional Sales and Trading division covering the German-speaking part of Europe. Thereafter, in 1999, he joined the Pictet & Cie. Brokerage division, leading the Zurich effort and subsequently setting up the company’s US hedge fund coverage activities in New York in the fall of 2001.
He stunned his family and gave up banking to join Oscar De La Hoya's fledgling business organization, to help the young boxer "build up a business empire." Schaefer first focused on the business of managing fighters, but soon switched tracks to the more lucrative event promotion business, lining up deals for boxing matches for Latino television audiences. More recently, Schaefer and De La Hoya have branched out into real estate, most prominently with a $70 million acquisition and redevelopment of a Sears site in Boyle Heights. Schaefer has other links to Hispanic culture as well: His wife is from Mexico.[1]
Schaefer joined Armor Capital (Switzerland) SA in Lausanne as Chief Operating Officer in January 2007.[2]