J. Christopher Flowers
J. Christopher Flowers was bornon 27 October 1957 in New York, New York, United States, is Founder and Managing Director, J.C. Flowers & Co. LLC. J. Christopher Flowers is #1880 in List Billionaires People In The World. J. Christopher Flowers runs private equity firm J.C. Flowers & Co., which focuses on the financial services sector. He studied math at Harvard and then joined Goldman Sachs in 1979, becoming a partner in 1988 before striking out on his own a decade later. In 2000 J.C. Flowers bought a beleaguered Japanese bank, the Long Term Credit Bank, which had been nationalized in 1998. He resold the business to the public under the moniker Shinsei Bank in 2004; partners reaped $2.3 billion. In 2008, he helped advise Bank of America and Merrill Lynch on their merger.
In 2016, Flowers took a stance on the growing fintech sector, stating that it would "mostly end in tears"
Flowers joined the Kasparov Chess Foundation Board in February 2015
In June 2014 Flowers completed the first public listing of a British bank on the London Stock Exchange’s main market for more than a decade when he floated OneSavings Bank, a small business and mortgage lender he bought into in 2010
Flowers's role in the crisis was portrayed by Michael O'Keefe in the 2011 HBO film Too Big to Fail
Later that year he argued that banking regulations in the wake of the 2008 financial crisis had depressed profitability so much that lenders would struggle to attract enough investors to survive the next financial crisis
After an unsuccessful attempt to arrange an acquisition of Sallie Mae in 2007, Flowers became deeply involved in the financial crisis of September 2008
Flowers also participated in the creation of the Harvard Professorship Challenge Fund in 2006, a $50 million fund to endow further professors
In 2004, the Flowers Foundation launched NetsforLife, a partnership working with Episcopal Relief & Development to fight malaria in Africa
Flowers University Professorship at Harvard in honor of his parents in 2003
He became a director of Shinsei Bank in March 2000 and continues to hold that position
Flowers was named partner in 1988, the same year as Goldman CEO Lloyd Blankfein and former Merrill Lynch CEO John Thain
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
James Christopher Flowers (born October 27, 1957) is an American private equity investor and investment manager focused on the financial services industry