Deryck Maughan

Sir Deryck Maughan

Sir Deryck Charles Maughan (born 20 December 1947) is a British businessman and philanthropist.

Early life

He graduated from King's College London with a BA in 1969, and earned a MS from Stanford Graduate School of Business in 1978, where he was a Harkness Fellow.

Career

Maughan is a partner of Kohlberg Kravis Roberts & Co, where he leads the firm's global financial services practice. He was previously Vice Chairman of Citigroup and CEO of Citigroup International from 1998 to 2004; and Chairman and CEO of Salomon Brothers from 1992–97, a firm he joined in 1983. He served as Vice-Chairman of the New York Stock Exchange from 1996 to 2000. Currently he is a member of the Committee on Capital Markets on Regulation.

Prior to joining Salomon Brothers, Deryck Maughan worked at HM Treasury from 1969 to 1979 and at Goldman Sachs from 1979 to 1983. He is a Director of GlaxoSmithKline, Thomson Reuters and of BlackRock. He is a Trustee of Lincoln Center, NYU Medical Center and Japan Society. He serves on an Advisory Council at Harvard University.

Personal life

Maughan and his wife, the former Lorraine Hannemann of Honolulu, Hawaii, reside in Manhattan, New York. Lady Maughan is of Samoan heritage, and her father was a teacher and Mormon bishop in Honolulu. Deryck Maughan and Lorraine Hannemann met in London, where she had transferred from Los Angeles, while working as a flight reservation agent for Pan American airlines. After marrying, the Maughans moved to Tokyo,Japan and then to Manhattan. Maughan began using a Samoan name, "Va" as her first name after marrying Maughan. New York Magazine published a scathing article on June 12, 1995 {Vol. 28, No. 24, page 32} by journalist Suzanna Andrews called "Wall Street Weak," in which Deryck and Va Maughan were profiled. It was noted in the article that Va Maughan had been accused by former friends, roommates, and employees of physical violence and threats. Of significant note were statements made by Deryck Maughan's colleagues that Va Maughan had undue influence over Maughan's business decisions while at Saloman Brothers in the 1990s. They subsequently founded a number of scholarships at Stanford University and at Iolani School. They also made a substantial donation to King's College London; the Maughan Library is named in their honour.[1]

Honours

Maughan was knighted in 2002.

References

  1. ↑ "£4m gift for King's College London" (PDF). Comment. March 2002. Retrieved 2008-11-24.


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