Steven George Mandis

Steven George Mandis
Born 1970
Chicago, Illinois
Education MA, M.Phil, PhD
Alma mater University of Chicago
Columbia University
Occupation Investor and Business Executive
Notable work What Happened to Goldman Sachs: An Insider’s Story of Organizational Drift and its Unintended Consequences
Awards Ellis Island Medal of Honor

Steven George Mandis (born in 1970) is an American investor, professor and author. He is Chairman and Senior Partner of Unico Capital and an adjunct associate professor in finance and economics at Columbia University Business School. Mandis is the author of What Happened to Goldman Sachs: An Insider’s Story of Organizational Drift and its Unintended Consequences.

Early life

Steven Mandis was born in Chicago, Illinois. His parents emigrated from Greece. He received an A.B. with Honors from The University of Chicago. While Mandis was at the University of Chicago, Nobel Prize winner George J. Stigler, was one of his honors thesis supervisors.[1] Mandis later received a M.A., M.Phil and Ph.D. in Sociology from Columbia University, where he was also an honorary Paul F. Lazarsfeld Fellow.

Career

Mandis was a senior advisor to McKinsey & Company, where during the financial crisis, he advised McKinsey on strategic, business process, risk and organizational issues facing financial institutions and related regulatory authorities. Mandis then worked as an executive at Citigroup in various roles including Chief of Staff to Mr. John P. Havens, the President and Chief Operating Officer of Citigroup; Vice Chairman of Citigroup's Institutional Clients Group (ICG); and a member of the Executive, Management and Risk Management Committees of ICG.[1][2][3]

Mandis also worked at Goldman Sachs in a variety of departments. While there he helped build the Special Situations Proprietary Trading Group (SSG) within the Fixed Income, Commodities and Currencies Division; which became one of the largest proprietary trading groups on Wall Street.[4][5][6][7] While in the M&A Department of Goldman Sachs, Mandis also worked on the $72 billion merger of the AT&T Broadband Business with Comcast, the sale of privately held Larson-Juhl to Warren Buffett's Berkshire Hathaway and the corporate raid defense of VISX versus Carl Icahn.[8][9][10][11][12] While Mandis was assisting and reporting to Henry M. Paulson Jr., Paulson was promoted from Co-Head of the Investment Banking Division to President and Chief Operating Officer of Goldman Sachs.[13]

Mandis left Goldman to co-found an alternative asset management company which, he helped grow to multi-billion dollars of assets under management.

Philanthropy

Mandis has developed lectures and courses for underprivileged high school students in Harlem, New York on the subject financial responsibility.[14] Mandis has also worked with the Guardian Angels while he was starting on both the Varsity Fencing and Varsity Tennis teams at the University of Chicago.[15]

Recognition

Mandis was awarded an Ellis Island Medal of Honor, presented annually to a group of distinguished American citizens who are the children or grandchildren of immigrants and exemplify a life dedicated to community service. He received a "shout out" from Tony Kornheiser on ESPN's Pardon the Interruption (PTI) TV show on December 10, 2013 for mentioning Tony in his book.[16]

References

  1. 1 2 "Columbia Business School Directory".
  2. ↑ Randall Smith. "Citi Taps Goldman Vet As Institional Clients Vice Chair.". Wall Street Journal.
  3. ↑ "Senior Management. Citi Institutional Clients Group". Citigroup.
  4. ↑ Atlas, Riva D. "'Goldman Sachs' on a Resume Gives Continuing Rewards". New York Times.
  5. ↑ Rappaport, Liz. "Goldman to Shut Global Macro Trading Desk". Wall Street Journal.
  6. ↑ "Goldman Prop Portfolio Manager Mandis Leaves; Named Managing Principal, Vice-Chairman and Chief Investment Officer for Special Credit and Select Opportunity Products.".
  7. ↑ "Alternative Asset Management Acquisition Corp, EX-99.2.". SEC. 2008.
  8. ↑ "AT&T Broadband To Merge with Comcast.". AT&T Comcast Corp.
  9. ↑ Teitelbaum, Richard. "Buffet Says Sell To Me, Not 'Porn Shop' as Growth Dips.". Bloomberg.
  10. ↑ "-"With Takeover Attempt Behind It, Visx Looks to Its Future."". Ocular Surgery News.
  11. ↑ "VISX Responds to Icahn Letter; Urges Stockholders Reject the Icahn Slate and Protect the Value.".
  12. ↑ Kraeuter, Chris. "Icahn Focuses on Visx.".
  13. ↑ Spiro, Leah Nathans, Gary Silverman. "The Coup at Goldman.". Bloomberg Businessweek.
  14. ↑ "Transcripts.". CNN.
  15. ↑ "Campus Life: A Different Kind of Education: Going on Patrol.". New York Times.
  16. ↑ http://espn.go.com/espnradio/play?id=10116283

External links

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