''For the American musician, see

Michael Sherwood Michael Sherwood (27 October 1959 – 5 November 2019) was an American keyboardist and singer. Biography Michael Sherwood was a US keyboardist and singer who came from a musical family which included his father Bobby Sherwood, who was an actor ...

.'' Michael Sherwood, also known as Woody, (born 1965) is a British banker. He served as the vice-chairman of

Goldman Sachs Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, H ...

and the co-chief executive officer of Goldman Sachs International until November 2016. According to the ''

Sunday Times Rich List The ''Sunday Times Rich List'' is a list of the 1,000 wealthiest people or families resident in the United Kingdom ranked by net wealth. The list is updated annually in April and published as a magazine supplement by British national Sunday news ...

'' in 2019, Sherwood is worth £195 million, a £10 million decrease from 2018.

Early life

Michael Sherwood was born in July 1965 in London. His father was "the owner of a chemical company" and his mother was an academic. He grew up in

Highgate Highgate ( ) is a suburban area of north London at the northeastern corner of Hampstead Heath, north-northwest of Charing Cross. Highgate is one of the most expensive London suburbs in which to live. It has two active conservation organisati ...

, North London. Sherwood was educated at

Westminster School (God Gives the Increase) , established = Earliest records date from the 14th century, refounded in 1560 , type = Public school Independent day and boarding school , religion = Church of England , head_label = Hea ...

. He graduated from the

University of Manchester , mottoeng = Knowledge, Wisdom, Humanity , established = 2004 – University of Manchester Predecessor institutions: 1956 – UMIST (as university college; university 1994) 1904 – Victoria University of Manchester 1880 – Victoria Univer ...

, where he received a bachelor's degree in economics.

Career

Sherwood started his career at Goldman Sachs in 1986. He served as the co-chief executive officer of Goldman Sachs International from 2005 to November 2016. Additionally, he served as the vice-chairman of Goldman Sachs from 2008 to November 2016. He was succeeded in these two roles by Richard Gnodde. Sherwood acquired

Smythson Frank Smythson Limited, commonly known as Smythson (), is a British manufacturer and retailer of luxury stationery, leather goods, diaries, and fashion products based in London, England. The company's founder, Frank John Smythson, was born in 1 ...

for GBP£16 million in 2005 and sold it for GBP£18 million in 2009. He invested GBP£400,000 in

Tottenham Hotspur F.C. Tottenham Hotspur Football Club, commonly referred to as Tottenham () or Spurs, is a professional football club based in Tottenham, London, England. It competes in the Premier League, the top flight of English football. The team has playe ...

, a football club in

Tottenham Tottenham () is a town in North London, England, within the London Borough of Haringey. It is located in the ceremonial county of Greater London. Tottenham is centred north-northeast of Charing Cross, bordering Edmonton to the north, Waltham ...

, London, in 2009. He formerly served on the board of directors of

Watford F.C. Watford Football Club is an English professional football club based in Watford, Hertfordshire. They play in the EFL Championship, the second tier of English football. The club’s original foundation is 1881, aligned with that of its antecede ...

, a football club in

Watford Watford () is a town and borough in Hertfordshire, England, 15 miles northwest of Central London, on the River Colne. Initially a small market town, the Grand Junction Canal encouraged the construction of paper-making mills, print works, a ...

near London. Sherwood serves as a non-executive director of Rothesay Life, a life insurance company. Sherwood received a bonus of $15.8 million in shares in 2013, which was more than CEO

Lloyd Blankfein Lloyd Craig Blankfein (born September 20, 1954) is an American investment banker who has served as senior chairman of Goldman Sachs since 2019, and chairman and chief executive from 2006 until the end of 2018. Previous to leading Goldman Sachs, ...

's bonus. He earned US$21 million in 2014. By April 2015, he had an estimated wealth of GBP£185 million. Sherwood is opposed to

Brexit Brexit (; a portmanteau of "British exit") was the withdrawal of the United Kingdom (UK) from the European Union (EU) at 23:00 GMT on 31 January 2020 (00:00 1 February 2020 CET).The UK also left the European Atomic Energy Community (EAEC or ...

. In July 2019, it was reported in ''

The Times ''The Times'' is a British daily national newspaper based in London. It began in 1785 under the title ''The Daily Universal Register'', adopting its current name on 1 January 1788. ''The Times'' and its sister paper ''The Sunday Times'' (fou ...

'' that Sherwood will be made non-executive director of fintech

unicorn The unicorn is a legendary creature that has been described since antiquity as a beast with a single large, pointed, spiraling horn projecting from its forehead. In European literature and art, the unicorn has for the last thousand years o ...

Revolut Revolut is a British financial technology company that offers banking services, but did not have a UK banking licence. Headquartered in London, it was founded in 2015 by Nikolay Storonsky and Vlad Yatsenko. It offers accounts featuring currency ...

Philanthropy

Sherwood serves as the chairman of the Development Committee at his alma mater, the Westminster School. He has donated to the

Harefield Academy Harefield Academy is a secondary school and sixth form in Uxbridge, London. Located on the site of the former community school, John Penrose School, which closed on 31 August 2005, it reopened as an academy in 2005 and specialises in sports. Amon ...

. He serves on the board of trustees of Greenhouse Sports, a non-profit organisation which encourages children to play sports. With his wife, Sherwood has made charitable contributions to the

Jewish Museum London The Jewish Museum London is a museum of British Jewish life, history and identity. The museum is situated in Camden Town in the London Borough of Camden, North London. It is a place for people of all faiths to explore Jewish history, culture, a ...

via their Melanie and Michael Sherwood Foundation.

Personal life

Sherwood is married to Melanie. They reside near

Regent's Park Regent's Park (officially The Regent's Park) is one of the Royal Parks of London. It occupies of high ground in north-west Inner London, administratively split between the City of Westminster and the Borough of Camden (and historically betwee ...

in central London with their two children. Sherwood is Jewish. Sherwood is a close confidant of retail tycoon

Sir Philip Green Sir Philip Nigel Ross Green (born 15 March 1952) is a British businessman who was the chairman of the retail company the Arcadia Group. He owned the high street clothing retailers Topshop, Topman and Miss Selfridge from 2002 to 2020. As of Ma ...

and informally advised him on the sale of

British Home Stores British Home Stores, commonly abbreviated to BHS and latterly legally styled BHS Ltd, was a British department store chain, primarily selling clothing and household items. In its later years, the company began to expand into furniture, electron ...

for £1 to

Dominic Chappell Dominic Joseph Andrew Chappell (born 28 November 1966) is a failed British businessman who has been declared bankrupt on three occasions and was convicted for tax evasion. In 2015, his company, Retail Acquisitions Ltd, purchased the now collapsed ...

in 2015.

References

{{DEFAULTSORT:Sherwood, Michael Living people 1965 births Bankers from London People educated at Westminster School, London Alumni of the University of Manchester British corporate directors Goldman Sachs people English Jews Philanthropists from London Jewish British philanthropists British bankers People from London