Top Qs
Timeline
Chat
Perspective
Rich Ricci
American-British banker and racehorse owner (born 1964) From Wikipedia, the free encyclopedia
Remove ads
Richard Thomas Ricci[1] is an American-British banker and racehorse owner.[2] He was previously Chief Executive of Barclays Bank's Corporate and Investment banking.[3]
Early life and career
Ricci was born in Nebraska, United States in 1964.[4] He earned a bachelor's degree in finance from Creighton University.[5] He started banking for the Bank of Boston and then the Bank of New England.[5] He joined Barclays de Zoete Wedd (BZW) in the United Kingdom in 1994.[6] In 2002, he became the Chief Operating Officer of Barclays Global Investors before becoming head of Barclays Investment Banking and Management.[5] In 2008, he was part of the team that took over Lehmann Brothers' Investment arm for Barclays and oversaw their integration with Barclays.[5][7] In 2011, he received a bonus of £44 million, with newspapers attributing his name to nominative determinism.[8][9] Due to the Libor scandal, Ricci did not receive a bonus for 2012, however he did earn £17 million after selling Barclays shares after they were released to senior executives.[10] Ricci resigned from Barclays in 2013.[3] After leaving Barclays, he became head of the Liberum Investment Bank.[11]
Remove ads
Horse racing
Despite being based in England for much of his career, Ricci and his wife Susannah have been involved in horse racing in Ireland since 2005,[12][13] owning a large number of racehorses trained by champion trainer Willie Mullins.[14] He later started entering them in British and Australian races.[15] Following an article in The Independent that called him "the fat cat in the hat", Ricci retaliated by naming one of his horses Fatcatinthehat.[16] At the 2016 Cheltenham Festival, 3 of his horses won earning him £248,000.[11]
Remove ads
Personal life
Ricci is married to Susannah, an accountant.[17] The couple own the Yotes Court vineyard in Kent.[18]
References
Wikiwand - on
Seamless Wikipedia browsing. On steroids.
Remove ads