George Herbert Walker IV
Encyclopedia
George Herbert Walker IV (born April 1969) is the Chairman and CEO of Neuberger Berman
. Formerly a Partner and Managing Director at Goldman Sachs
, Walker was recruited to rival investment bank, Lehman Brothers
, to head its Investment Management Division, of which Neuberger was a part. Following Lehman's bankruptcy and the announcement of the sale of Neuberger, Walker assumed his present position.
. Walker's great-grandfather, George Herbert Walker
, was the founder of G. H. Walker & Co., a securities firm, which eventually became part of Merrill Lynch
. An avid golfer, he was also the namesake of amateur golf's Walker Cup
. His grandfather, George Herbert Walker, Jr.
, was a co-founder of the NY Mets and his father, George Herbert Walker III
, was U. S. ambassador to Hungary
. Walker was raised in St. Louis, Missouri
and has a younger sister, Carter. Walker's great-aunt, Dorothy, married Senator
Prescott Bush
, father of U.S. President George Herbert Walker Bush and grandfather of U.S. President George Walker Bush. He is a second cousin of George W. Bush.
He is married to the former Nancy Dorn. They have a son, Rufus.
where he received the Harry S. Truman Scholarship and was a Benjamin Franklin Scholar, graduated Phi Beta Kappa and received a dual degree- a B.S. and a B.A., both summa cum laude. He also received his MBA as a Palmer Scholar from the Wharton School of the University of Pennsylvania
after completing the 5 year MBA program. He was a member of the St. Anthony Hall
fraternity.
when he joined Goldman Sachs
in the Merger Department in 1992 and six years later, in 1998, became of one of the firm's youngest partners ever. He held several senior positions at Goldman, including co-head of the firm's Wealth Management business, and head of Alternative Investment strategies. In May 2006, Walker resigned from Goldman Sachs to become global head of Lehman Brothers' Investment Management.
Neuberger Berman
Neuberger Berman Group LLC, through its subsidiaries is an investment management firm that provides financial services for high net worth individuals and institutional investors. With approximately $200 billion in asset under management, it is among the largest private employee-controlled asset...
. Formerly a Partner and Managing Director at Goldman Sachs
Goldman Sachs
The Goldman Sachs Group, Inc. is an American multinational bulge bracket investment banking and securities firm that engages in global investment banking, securities, investment management, and other financial services primarily with institutional clients...
, Walker was recruited to rival investment bank, Lehman Brothers
Lehman Brothers
Lehman Brothers Holdings Inc. was a global financial services firm. Before declaring bankruptcy in 2008, Lehman was the fourth largest investment bank in the USA , doing business in investment banking, equity and fixed-income sales and trading Lehman Brothers Holdings Inc. (former NYSE ticker...
, to head its Investment Management Division, of which Neuberger was a part. Following Lehman's bankruptcy and the announcement of the sale of Neuberger, Walker assumed his present position.
Family
Walker comes from a successful family of industrialists and financiers, originally from St. Louis, MissouriSt. Louis, Missouri
St. Louis is an independent city on the eastern border of Missouri, United States. With a population of 319,294, it was the 58th-largest U.S. city at the 2010 U.S. Census. The Greater St...
. Walker's great-grandfather, George Herbert Walker
George Herbert Walker
George Herbert Walker was a wealthy American banker and businessman. His daughter Dorothy married Prescott Bush, making him a grandfather of former President George H. W. Bush and a great-grandfather of former President George W. Bush.-Life and career:Born in St...
, was the founder of G. H. Walker & Co., a securities firm, which eventually became part of Merrill Lynch
Merrill Lynch
Merrill Lynch is the wealth management division of Bank of America. With over 15,000 financial advisors and $2.2 trillion in client assets it is the world's largest brokerage. Formerly known as Merrill Lynch & Co., Inc., prior to 2009 the firm was publicly owned and traded on the New York...
. An avid golfer, he was also the namesake of amateur golf's Walker Cup
Walker Cup
The Walker Cup is a golf trophy contested biennially in odd numbered years between teams comprising the leading amateur golfers of the United States and Great Britain and Ireland...
. His grandfather, George Herbert Walker, Jr.
George Herbert Walker, Jr.
George Herbert Walker, Jr. , an American businessman and the uncle of President George H. W. Bush. He was an original owner of the New York Mets, a team which he co-founded in 1960 with Joan Whitney Payson....
, was a co-founder of the NY Mets and his father, George Herbert Walker III
George Herbert Walker III
George Herbert Walker III , commonly known as Bert Walker, is a former U.S. ambassador to Hungary and the first cousin of former President George Herbert Walker Bush....
, was U. S. ambassador to Hungary
Hungary
Hungary , officially the Republic of Hungary , is a landlocked country in Central Europe. It is situated in the Carpathian Basin and is bordered by Slovakia to the north, Ukraine and Romania to the east, Serbia and Croatia to the south, Slovenia to the southwest and Austria to the west. The...
. Walker was raised in St. Louis, Missouri
St. Louis, Missouri
St. Louis is an independent city on the eastern border of Missouri, United States. With a population of 319,294, it was the 58th-largest U.S. city at the 2010 U.S. Census. The Greater St...
and has a younger sister, Carter. Walker's great-aunt, Dorothy, married Senator
United States Senate
The United States Senate is the upper house of the bicameral legislature of the United States, and together with the United States House of Representatives comprises the United States Congress. The composition and powers of the Senate are established in Article One of the U.S. Constitution. Each...
Prescott Bush
Prescott Bush
Prescott Sheldon Bush was a Wall Street executive banker and a United States Senator, representing Connecticut from 1952 until January 1963. He was the father of George H. W. Bush and the grandfather of George W...
, father of U.S. President George Herbert Walker Bush and grandfather of U.S. President George Walker Bush. He is a second cousin of George W. Bush.
He is married to the former Nancy Dorn. They have a son, Rufus.
Education
Walker went to the University of PennsylvaniaUniversity of Pennsylvania
The University of Pennsylvania is a private, Ivy League university located in Philadelphia, Pennsylvania, United States. Penn is the fourth-oldest institution of higher education in the United States,Penn is the fourth-oldest using the founding dates claimed by each institution...
where he received the Harry S. Truman Scholarship and was a Benjamin Franklin Scholar, graduated Phi Beta Kappa and received a dual degree- a B.S. and a B.A., both summa cum laude. He also received his MBA as a Palmer Scholar from the Wharton School of the University of Pennsylvania
Wharton School of the University of Pennsylvania
The Wharton School is the business school of the University of Pennsylvania, an Ivy League university in Philadelphia, Pennsylvania. Wharton was the world’s first collegiate business school and the first business school in the United States...
after completing the 5 year MBA program. He was a member of the St. Anthony Hall
St. Anthony Hall
St. Anthony Hall, also known as Saint Anthony Hall and The Order of St. Anthony, is a national college literary society also known as the Fraternity of Delta Psi at colleges in the United States of America. St...
fraternity.
Career
Walker began his career on Wall StreetWall Street
Wall Street refers to the financial district of New York City, named after and centered on the eight-block-long street running from Broadway to South Street on the East River in Lower Manhattan. Over time, the term has become a metonym for the financial markets of the United States as a whole, or...
when he joined Goldman Sachs
Goldman Sachs
The Goldman Sachs Group, Inc. is an American multinational bulge bracket investment banking and securities firm that engages in global investment banking, securities, investment management, and other financial services primarily with institutional clients...
in the Merger Department in 1992 and six years later, in 1998, became of one of the firm's youngest partners ever. He held several senior positions at Goldman, including co-head of the firm's Wealth Management business, and head of Alternative Investment strategies. In May 2006, Walker resigned from Goldman Sachs to become global head of Lehman Brothers' Investment Management.