Robert K. Steel
| Robert K. Steel | |
|---|---|
 |
|
| Deputy Mayor of New York City for Economic Development and Rebuilding | |
|
In office June 2010 – January 2014 |
|
| Mayor | Michael Bloomberg |
| Preceded by | Robert Lieber |
| Succeeded by | Alicia Glen |
| 16th Under Secretary for Domestic Finance | |
|
In office October 10, 2006 – July 9, 2008 |
|
| President | George W. Bush |
| Preceded by | Randal K. Quarles |
| Succeeded by | Anthony Ryan |
| Personal details | |
| Born |
August 3, 1951 Durham, N.C. |
| Political party | Republican |
| Spouse(s) | Gillian Steel |
| Children | 3 daughters |
| Residence | Greenwich, Connecticut |
| Alma mater | B.A. Duke University M.B.A. University of Chicago |
| Profession | Financial Services |
Robert King "Bob" Steel (born August 3, 1951) is an American businessman, financier and government official who has served as Deputy Mayor for Economic Development in the administration of New York City Mayor Michael Bloomberg, Under Secretary for Domestic Finance of the United States Treasury, chief executive officer of Wachovia Corporation and vice chairman of Goldman Sachs. He has also served as chairman of the board of trustees at Duke University and the Aspen Institute. In May 2014, he was tapped to succeed Joseph R. Perella as chief executive officer of Perella Weinberg Partners, a private investment banking and asset management firm.
The second of three boys, Steel grew up in Durham, North Carolina, attending public schools near Duke University, his future college. He was a Boy Scout and attained the rank of Eagle Scout. His late father, Charles Steel, III, was a life insurance agent and his mother, Elizabeth, was a homemaker.
He received his undergraduate degree from Duke in 1973, majoring in history and political science. He received his Master of Business Administration degree from the University of Chicago in 1984.
Steel lives in New York, NY; he is married to Gillian Steel and they have three daughters. He enjoys hiking, skiing and golfing.
Steel spent nearly 30 years at Goldman Sachs, rising to vice chair of the firm. He joined the Chicago office in 1976 and served as that office's co-head of institutional sales. In 1987, he transferred to London, where he founded the Equity Capital Markets Group for Europe. At the time, Europe was privatizing major state-owned enterprises, like telecom, utility and energy interests, to transition to more market-driven economies. Steel was extensively involved in the privatization and capital-raising efforts for European corporations and governments. In 1988, he became partner in the firm. He later became head of Goldman Sachs Equities for Europe. In 1994, he relocated to New York and served as co-head of the Goldman Sachs Equities Division from 1996 to 2002 until his appointment as a vice chair of the firm. Upon his retirement from Goldman Sachs on February 1, 2004, he became advisory director and then senior director in December 2004.
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