Steven Mandis

Steven George Mandis
Born 1970
Chicago, Illinois
Education AB, 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
The Real Madrid Way: How Values Created the Most Successful Sports Team on the Planet
Awards Ellis Island Medal of Honor

Steven George Mandis (born in 1970) is an American investor and the founder of Kalamata Capital. He is also adjunct associate professor in finance and economics at Columbia University Business School, having previously worked at Goldman Sachs and Citigroup and as a senior advisor to McKinsey. He is the author of What Happened to Goldman Sachs: An Insider's Story of Organizational Drift and its Unintended Consequences and The Real Madrid Way: How Values Created the Most Successful Sports Team on the Planet.

Early life and education

Mandis was born in Chicago, Illinois as one of three children to his parents, Greek emigres George and Theoni. He spent his childhood in Chicago and Grand Rapids, Michigan where he attended Forest Hills Central High School .[1] He received an A.B. from the University of Chicago.[2] While at Chicago he was on the varsity tennis and fencing teams and volunteered for the Guardian Angels, an unarmed crime prevention and safety patrol group.[3][4] During his junior year at Chicago, he studied abroad at The London School of Economics and Political Science. After his career on Wall Street he enrolled in Columbia University and in 2010 received an M.A. in Museum Anthropology. In 2013 he received an M.Phil in Sociology and then completed his Ph.D. in Sociology as an honorary Paul F. Lazarsfeld Fellow.[5]

Business career

Mandis began his career at Goldman Sachs in 1992[6] as a mergers-and-acquisitions banker.[7][8][9][10][11][12] He then moved to the proprietary trading department,[7] where 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.[13][14][15][16] There he worked under Henry Paulson, before Paulson was promoted from Co-Head of the Investment Banking Division to President and Chief Operating Officer of Goldman Sachs.[17]

In 2004 Mandis left Goldman to co-found an alternative asset management company.[18] Mandis later worked as a senior advisor to McKinsey & Company, where during the financial crisis, he worked on strategic, business process, risk and organizational issues facing financial institutions and related regulatory authorities. He then worked as an executive at Citigroup in various roles including Chief of Staff to its President and Chief Operating Officer; Vice Chairman of its Institutional Clients Group (ICG); and a member of ICG's Executive, Management and Risk Management Committees.[2][19][20][21]

In 2013 Mandis founded Kalamata Capital, a small business finance company that he developed after investing in two companies in the field, including RapidAdvance—a company later sold to an entity controlled by Quicken Loans founder Dan Gilbert. Mandis funded Kalamata with his own money, naming it after the area of Greece his parents are from.[22][23]

Academic career

Mandis left Wall Street to become an academic in 2012.[24] He has taught at Columbia University both in New York and abroad in Madrid.[23] At Columbia Business School Mandis teaches MBA and Executive MBA students, focusing on investment banking and financial crisis topics. He is also an instructor in the Masters of Sports Management Program.[25] He has also developed lectures and courses for underprivileged high school students in Harlem, New York on the subject financial responsibility.[26]

In 2013 Mandis published the book What Happened to Goldman Sachs: An Insider’s Story of Organizational Drift and its Unintended Consequences, published by Harvard Business Press, based upon his PhD dissertation at Columbia. It is an examination of if, why, and how the culture of Goldman Sachs changed between 1979 and 2013. It has been reviewed by the Wall Street Journal,[6] The Financial Times,[27] and the New York Times [7]

In 2016 Mandis published the book The Real Madrid Way: How Values Created the Most Successful Sports Team on the Planet, published by BenBella books. The book is an analysis of both the on-the-field and business aspects and performance of the club to discover reasons behind its success. The book received endorsement quotes from Billy Beane, Sir Alex Ferguson and David Stern, and was the subject of a documentary by BBC Radio World Service.[28] It was also mentioned in: Financial Times,[29] Forbes,[30] and ESPN.[31]

Recognition

Mandis was awarded an Ellis Island Medal of Honor in 2012.

In 2014, his book about Goldman Sachs won the Gold Axiom Business Book Award for Corporate History.[32]

In 2017, his book about Real Madrid won the International Book Award for Sports.[33]

 

Personal life

Mandis lives in New York City.[7][34] He currently competes in triathlons, including having competed in the IRONMAN World Championships in Kailua-Kona, Hawaii; IRONMAN 70.3 World Championships in Zell Am See-Kaprun, Austria; and Escape from Alcatraz in San Francisco, California.[35][36][37][38][39]

References

  1. ↑ "Author of 'What Happened to Goldman Sachs' recalls his days at Forest Hills Central High School". MLive.com. Retrieved 2016-04-13.
  2. 1 2 "Columbia Business School Directory".
  3. ↑ "Campus Life:; A Different Kind Of Education: Going on Patrol". The New York Times. 1990-05-20. ISSN 0362-4331. Retrieved 2017-02-05.
  4. ↑ "Author of 'What Happened to Goldman Sachs' recalls his days at Forest Hills Central High School". MLive.com. Retrieved 2017-02-05.
  5. ↑ "Alumni Profile: Steven Mandis". gsas.columbia.edu. Retrieved 2016-04-13.
  6. 1 2 Mary Kissel (10 October 2013). "Review: What Happened to Goldman Sachs - WSJ". WSJ.
  7. 1 2 3 4 Lattman, Peter. "An Ex-Trader, Now a Sociologist, Looks at the Changes in Goldman".
  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. ↑ Atlas, Riva D. "'Goldman Sachs' on a Resume Gives Continuing Rewards". New York Times.
  14. ↑ Rappaport, Liz. "Goldman to Shut Global Macro Trading Desk". Wall Street Journal.
  15. ↑ "Goldman Prop Portfolio Manager Mandis Leaves; Named Managing Principal, Vice-Chairman and Chief Investment Officer for Special Credit and Select Opportunity Products.".
  16. ↑ "Alternative Asset Management Acquisition Corp, EX-99.2.". SEC. 2008.
  17. ↑ Spiro, Leah Nathans, Gary Silverman. "The Coup at Goldman.". Bloomberg Businessweek.
  18. ↑ https://www.nytimes.com/2005/02/03/business/goldman-sachs-on-a-resume-gives-continuing-rewards.html?_r=0
  19. ↑ Randall Smith. "Citi Taps Goldman Vet As Institional Clients Vice Chair.". Wall Street Journal.
  20. ↑ "Senior Management. Citi Institutional Clients Group". Citigroup.
  21. ↑ https://blogs.wsj.com/deals/2010/07/21/citi-taps-goldman-vet-as-institutional-clients-vice-chair/<
  22. ↑ Zeke Faux; Max Abelson (11 July 2014). "Trying to be a Nice Guy in Small-Business Lending". Bloomberg.com.
  23. 1 2 Zeke Faux & Max Abelson (10 July 2014). "How a Goldman Sachs Ethicist Became a High-Rate Lender". Bloomberg.com.
  24. ↑ Justin Baer (27 September 2013). "In Book on Goldman, Former Trader Hedges His Bets". WSJ.
  25. ↑ Columbia Business School. "Steven George Mandis". Columbia Business School Directory.
  26. ↑ "Transcripts.". CNN.
  27. ↑ "‘What Happened to Goldman Sachs’ by Steven Mandis". Financial Times.
  28. ↑ "Inside Real Madrid, The Documentary - BBC World Service". BBC. Retrieved 2017-06-25.
  29. ↑ https://www.ft.com/content/ac29bc5c-859e-11e6-a29c-6e7d9515ad15
  30. ↑ http://www.forbes.com/sites/andrewcave/2016/10/26/real-madrids-biggest-secret-revealed-and-its-not-cristiano-ronaldo-or-gareth-bale/#7f3b19ce4c09
  31. ↑ "Real Madrid lure enough to keep Cristiano Ronaldo and Gareth Bale". ESPNFC.com. Retrieved 2017-01-04.
  32. ↑ http://www.axiomawards.com/Axiom_Results_Listing_2014.pdf
  33. ↑ "International Book Awards - Honoring Excellence in Independent & Mainstream Publishing". www.internationalbookawards.com. Retrieved 2017-06-25.
  34. ↑ "EX-HALCYON HEDGIE PROVES EVERY ALUM OF GOLDMAN SACHS DOESN’T TURN TO GOLD". New York Post. 31 August 2008.
  35. ↑ "IRONMAN World Championship Results - IRONMAN Official Site | IRONMAN triathlon 140.6 & 70.3". IRONMAN.com. Retrieved 2017-02-05.
  36. ↑ "Όλα έτοιμα για το Παγκόσμιο Πρωτάθλημα Ironman στην Kona της Χαβάη! @trinews.gr". trinews.gr. Retrieved 2017-02-05.
  37. ↑ "IRONMAN 70.3 World Championship Results - IRONMAN Official Site | IRONMAN triathlon 140.6 & 70.3". IRONMAN.com. Retrieved 2017-02-05.
  38. ↑ "IRONMAN 70.3 World Championship - English". Ironman. Retrieved 2017-02-05.
  39. ↑ "2015". Escape from Alcatraz Triathlon. Retrieved 2017-02-05.
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