John M. Hennessy

John M. (Jack) Hennessy is an American financier and philanthropist. The son of John F. Hennessy and Octavia Tanksley, he was born on May 5, 1936 in Boston, Massachusetts.

He was educated at the Roxbury Latin School, Harvard University (where he graduated magna cum laude), and the MIT Sloan School of Management. He and his wife, Margarita, divide their time among Nassau, Bahamas, London, England, where their daughter and son-in-law live, and Tuxedo Park, New York, where their son, daughter-in-law and three grandchildren live.

Citibank

After college in 1958, Hennessy joined The First National Citibank (now Citigroup), working in New York and South America. He eventually became the head of the bank's West Coast of S.A. operations centered in Lima, Peru at the age of 28.

The U.S. Treasury

After returning to school at MIT for two years, in September, 1970, Hennessyjoined the United States Department of the Treasury as Deputy Assistant Security, responsible for International Economic Development. On May 2, 1972, he was sworn in as Assistant Secretary for International Affairs, a Presidential appointment requiring the consent and approval of the United States Senate.

The First Boston Corp, Credit Suisse First Boston (CSFB), Credit Suisse

In July 1974, Hennessy left the U.S. Treasuryto join First Boston, one of wall street'sleadinginvestment banking firms at the time. He spent the rest of his career in the firm, which subsequently was acquiredby The Credit Suisse, Zurich. In 1982, he becameChairman and CEO ofthe joint venture CSFB, Ltd., London. In 1989, he becameChairman of Executive Committee and CEOof the mergedglobal bank, Credit Suisse First Boston. In 2001, he retired from the Bank to dedicatehimself to philanthropic and not-for-profit activities,concentrating on educationand programs in developing nations.

Other

• Board Member,Corning Inc. and Chairman of the Finance Committee, 1989-2008
• Memberof the AdvisoryBoard of the Federal Reserve Bank of New York, 1990-2001
• Memberof the Twin Towers Fund to compensate the victims of 9/11/2001,2001-2002
• Trustee, The Appeal of Conscience Foundation, 1992–2020
• Chairman, The Economic Club of New York (founded1910), 2004-2006
• Member,MIT Corporation, 1990-2000
• Trustee,George H. W. Bush Presidential Library Foundation, 1994–Present
• Independent Inquiry (Volcker)Committee into United NationsOil for Food Iraq program, led team to set up Baghdadoffice, May & August 2004
• Co-Chairman, Safe Water Network, Inc.,founded by Paul Newman to provideclean water to villages in Africa and India, 2005-2010
• Advisory Board Memberand InauguralSpeaker,The LegatumCenter for Entrepreneurship and Development at MIT, 2008–2018
• Chairman, Care Corporate Council
• Memberof the Visiting Committee, Harvard University, 1988-1993
• Trustee, Roxbury Latin School, 1975-1980; 1990-1995
• Board Member,AmericanFriends of Eton College, 2008–2018
• Trustee, The Manhattan Institute, 1991- 2001
• Co-Chairman, Shakespeare Globe Center USA, 1989

• Exceptional Service Award U.S. Treasury (1974)
• CorporateLeadership Award, MIT, (1987)
• Commencement Speaker, Yale University School of Management, (1994)
• Member of 5-man Blue Ribbon Committee on Future of Asian Development Bank, Chair Amartya Sen, Nobel Laureate (1988)
• Honoree, New York Boy Scouts of America (1994)
• Honoree, first Annual Award Dinner of Student Sponsorship (programfor mentoring and financing failingNYC publicstudents in Catholic schools) (2000)

• Established scholarships for Latin American students at Harvard University(3 students each year) and MIT (4 students each year)
• Established International Exchange and Travel program, Jarvis international lecture series, and program for 1 student to attend Eton College for 1 year post graduate studies
• President, Margarita and John Hennessy Family Foundation – grants for education and related initiatives