J. Christopher Flowers
| J. Christopher Flowers | |
|---|---|
| Born |
James Christopher Flowers October 27, 1957 California |
| Residence | North Haven, Maine (seasonal) |
| Citizenship | United States |
| Alma mater | Harvard University (A.B., 1979) |
| Occupation | Private equity |
| Employer |
J.C. Flowers & Co. Goldman Sachs (prior) |
| Known for | Financial services investor |
| Net worth | est. $1.18 billion (as of July 2017) |
| Board member of | Shinsei Bank, The Kessler Group, Flowers National Bank |
| Children | two |
James Christopher Flowers (born October 27, 1957) is an American private equity investor and investment manager focused on the financial services industry. He is a Managing Director and CEO of J.C. Flowers & Co., and a member of the firm’s Management Committee.
Flowers was born in California and grew up in Wayland, Massachusetts. He graduated magna cum laude from Harvard University with a degree in Applied Mathematics.
Flowers worked at Goldman Sachs for 19 years starting in March 1979, and was a founder of Goldman's lucrative financial institutions merger practice in the late 1980s. Flowers was named partner in 1988, the same year as Goldman CEO Lloyd Blankfein and former Merrill Lynch CEO John Thain. At 31, he was one of the youngest Goldman Sachs partners in history. Flowers retired from Goldman in 1998, one of fifteen members of the bank's operating committee to leave the bank prior to its 1998 initial public offering.
In 1998, Flowers founded J.C. Flowers & Co., a private equity advisory and fund management firm which has acquired major equity stakes in Shinsei, NIBC Bank, Hypo Real Estate, HSH Nordbank and other financial institutions. As of 2017, the company manages assets of US $6.7 billion.
Flowers was the main partner of Ripplewood Holdings CEO Tim Collins in the 2000 acquisition of Long-Term Credit Bank of Japan to form Shinsei Bank. He became a director of Shinsei Bank in March 2000 and continues to hold that position. Shinsei's initial public offering in 2004 netted a profit of approximately $1 billion for himself and $7 billion total for his investment group. However, the value of the investor group's stake decreased in the following years.
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