Sir Harvey McGrath | |
---|---|
Born | 1951/52 (62 in May 2014) Belfast, Northern Ireland, United Kingdom |
Education |
Methodist College Belfast St Catharine's College, Cambridge |
Occupation | Business executive |
Net worth | £100 million |
Spouse(s) | Allison McGrath |
Sir Harvey Andrew McGrath (born 1951/52) is a British business and philanthropy executive. He served as the Chairman of the Man Group from 2000 to 2007 and Prudential plc from 2009 to 2011. He is the co-founder of Revere Capital Advisors, a hedge fund based in New York City and London. He serves as the Chairman of Big Society Capital and Heart of the City, promoting philanthropy in Greater London and the City of London.
Harvey McGrath was born in Belfast, Northern Ireland, United Kingdom. He was educated at Methodist College Belfast, a grammar school in Belfast. He joined St Catharine's College, Cambridge, a constituent college of the University of Cambridge in 1971, where he received a Master of Arts degree in Geography.
He started his career as a commodity lender at Chase Manhattan Bank shortly after graduation, first in London, moving to New York City in 1979. He joined the Man Group in 1980, where he worked as Treasurer, Finance Director, and later President of Man Inc., all of which were based in New York City. He then moved back to London to serve as its Chief Executive from 1990 to 2000, and as its chairman from 2000 to 2007.
He joined the board of directors of Prudential plc in September 2008. He served as its chairman from January 2009 to 2011. During his tenure, he oversaw a failed bid to acquire AIA Group Limited for £22.6 billion, incurring £377 million in useless fees. The failed bid was unpopular with the Financial Services Authority and shareholders.
In 2008, he co-founded Revere Capital Advisors, a hedge fund based in New York City and London, with two of his former Prudential co-workers: Daniel Barnett, formerly Finance Director, and John Kinder, formerly Head of Global Sugar Trading.