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Money Maze Podcast
153: Colm Kelleher, Chairman of UBS & Former President of Morgan Stanley, Discusses Culture, Leadership, Surviving the Great Financial Crisis and UBS Today
Sep 19, 2024
Colm Kelleher, Chairman of UBS and a pivotal figure in banking, shares insights from a remarkable career including his tenure as President of Morgan Stanley. He discusses the critical lessons learned during the Great Financial Crisis and the intense pressure of leadership during turbulent times. Colm reflects on UBS's recent Credit Suisse acquisition, the essence of banking culture, and the evolving landscape of the financial sector. He also delves into regulatory challenges, the role of large banks amidst fintech disruption, and the strategic future of UBS.
43:27
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Quick takeaways
- Colm Kelleher emphasizes that a cohesive corporate culture is essential for banks to navigate crises and maintain operational effectiveness.
- He highlights the importance of strategic leadership and adapting to technological changes to ensure the competitiveness of banks in the evolving financial landscape.
Deep dives
The Journey of Colin Keller
Colin Keller's background as one of nine children from a close-knit Irish family in England shaped his character and work ethic. He learned to be independent and resourceful early on, developing a sense of grit rather than competing for attention in his busy household. His parents instilled a strong sense of public duty, valuing education and community service, which influenced his career in finance. Keller's journey from an upbringing steeped in Irish culture to becoming the CFO of Morgan Stanley highlights the lessons of resilience and adaptation he embraced throughout his life.
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