John J. Mack
| John J. Mack | |
|---|---|
| Born |
November 17, 1944 Mooresville, North Carolina, U.S. |
| Nationality | American |
| Alma mater | Duke University |
| Occupation | Banker |
| Years active | 1967-present |
| Known for | Chairman, Morgan Stanley (Jun 30, 2005 - Jan 1, 2012) CEO, Credit Suisse (2001 - 2004) CEO, Morgan Stanley (Jun 30, 2005 - Jan 1, 2010) Senior Advisor, KKR (2012-present) |
| Spouse(s) | Kristy Mack |
| Children | 3 |
John J. Mack (born November 17, 1944) is a Senior Advisor and the former CEO & Chairman of the Board at Morgan Stanley, the New York-based investment bank and brokerage firm.
Mack was born in Mooresville, North Carolina, the son of Alice (née Azouri) and Charles Mack. Mack's father's original family name was Makhoul; he came to the United States from Lebanon when he was 12 years old, following Mack's grandfather, who had arrived at Ellis Island in 1909.
The family settled in North Carolina. Mack's father ran a wholesale grocery, clothing, and general merchandise store called John Mack & Son in Mooresville, North Carolina. The business occupied The John Mack Building from 1937 to the 1990s. Mack is the youngest of six sons. The family was Catholic.
In 1968, Mack graduated from Duke University, where he attended on a football scholarship and majored in history. Mack's first job in finance was as a clerk at a small brokerage house during his junior year at Duke, after a cracked vertebra made it impossible for him to continue on his football scholarship.
Mack worked at several firms around Wall Street before starting his career at Morgan Stanley in 1972 as a salesman, and has since worked for the company for nearly thirty years. Rising steadily to positions of increasing responsibility, Mack eventually headed the firm's Worldwide Taxable Fixed Income Division from 1985 to 1992. In 1987, he became a member of the board of directors. In March 1992, he assumed responsibility for Morgan Stanley's day-to-day operations as chairman of the operating committee. He was named President of Morgan Stanley in June 1993. Mack served as president, chief operating officer and a director of Morgan Stanley Dean Witter & Co. from May 1997 when the firm was created by the merger of Morgan Stanley and Dean Witter, two of the world's leading financial services companies.
In 2001, Mack left Morgan Stanley after a power struggle with Phil Purcell; Purcell became CEO of Morgan Stanley after the 1997 merger of Morgan Stanley and Dean Witter, of which Purcell was already CEO.
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