| Michael Sherwood | |
| Education: | Westminster School |
| Alma Mater: | University of Manchester |
| Occupation: | Banker |
| Spouse: | Melanie Sherwood |
| Children: | 2 |
Michael Sherwood, also known as Woody,[1] (born 1965) is a British banker. He served as the vice-chairman of Goldman Sachs and the co-chief executive officer of Goldman Sachs International until November 2016.
According to the Sunday Times Rich List in 2019, Sherwood is worth £195 million, a £10 million decrease from 2018.[2]
Michael Sherwood was born in July 1965 in London.[3] His father was "the owner of a chemical company" and his mother was an academic.[4] He grew up in Highgate, North London.[3]
Sherwood was educated at Westminster School.[5] He graduated from the University of Manchester, where he received a bachelor's degree in economics.[4] [5]
Sherwood started his career at Goldman Sachs in 1986.[4] [5] He served as the co-chief executive officer of Goldman Sachs International from 2005 to November 2016.[6] Additionally, he served as the vice-chairman of Goldman Sachs from 2008 to November 2016.[6] He was succeeded in these two roles by Richard Gnodde.[7]
Sherwood acquired Smythson for GBP£16 million in 2005 and sold it for GBP£18 million in 2009.[5] He invested GBP£400,000 in Tottenham Hotspur F.C., a football club in Tottenham, London, in 2009.[5] He formerly served on the board of directors of Watford F.C., a football club in Watford near London.[5] Sherwood serves as a non-executive director of Rothesay Life, a life insurance company.[8]
Sherwood received a bonus of $15.8 million in shares in 2013, which was more than CEO Lloyd Blankfein's bonus.[9] He earned US$21 million in 2014.[10] By April 2015, he had an estimated wealth of GBP£185 million.[11]
Sherwood is opposed to Brexit.[12]
In July 2019, it was reported in The Times that Sherwood will be made non-executive director of fintech unicorn Revolut.[13]
Sherwood serves as the chairman of the Development Committee at his alma mater, the Westminster School.[14] He has donated to the Harefield Academy.[14] He serves on the board of trustees of Greenhouse Sports, a non-profit organisation which encourages children to play sports.[14] With his wife, Sherwood has made charitable contributions to the Jewish Museum London via their Melanie and Michael Sherwood Foundation.[15]
Sherwood is married to Melanie.[5] They reside near Regent's Park in central London with their two children.[5] Sherwood is Jewish.[12] [16] [17]
Sherwood is a close confidant of retail tycoon Sir Philip Green and informally advised him on the sale of British Home Stores for £1 to Dominic Chappell in 2015.