Rich Ricci
Rich Ricci | |
|---|---|
| Born | Richard Thomas Ricci 1964 (age 60–61) Nebraska, United States |
| Occupation | Racehorse owner |
| Known for | Banker at Barclays |
| Spouse | Susannah Ricci |
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
[edit]Ricci was born in Nebraska, United States in 1964.[4] He earned a bachelors 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] 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.[9] Ricci resigned from Barclays in 2013.[3] After leaving Barclays, he became head of the Liberum Investment Bank.[10]
Horse racing
[edit]
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,[11][12] owning a large number of racehorses trained by champion trainer Willie Mullins.[13] He later started entering them in British and Australian races.[14] Following an article in The Independent that called him "the fat cat in the hat", Ricci retaliated by naming one of his horses Fatcatinthehat.[15] At the 2016 Cheltenham Festival, 3 of his horses won earning him £248,000.[10]
Personal life
[edit]Ricci is married to Susannah, an accountant.[16] The couple own the Yotes Court vineyard in Kent.[17]
References
[edit]- ^ "Richard Thomas RICCI". Companies House. Retrieved 1 January 2025.
- ^ Souster, Mark (13 March 2017). "Ricci is the former banker repairing his image on racecourse". The Times. Retrieved 3 January 2025.
- ^ a b Ferdman, Roberto A. (18 April 2013). "Ten things to know about Rich Ricci's rise to riches". Quartz. Retrieved 1 January 2025.
- ^ Partington, Richard. "Rich Ricci: Last of the four musketeers leaves Barclays". Financial News. Retrieved 1 January 2025.
- ^ a b c d "Rich Ricci profile: banking, horses and lottery tickets". The Telegraph. 18 April 2013. Retrieved 1 January 2025.
- ^ Goyder, Bernard. "Rich Ricci rides into fintech". Financial News. Retrieved 1 January 2025.
- ^ Treanor, Jill (18 April 2013). "Rich Ricci: laughing all the way from Barclays bank". The Guardian. Retrieved 1 January 2025.
- ^ Highfield, Roger (10 April 2012). "The name game - the weird science of nominative determinism". The Standard. Retrieved 3 January 2025.
- ^ "Barclays bosses handed £40m bonus pot". The Telegraph. 20 March 2013. Retrieved 1 January 2025.
- ^ a b Gulliver-Needham, Elliot (16 January 2024). "Rich Ricci: Who is the horse racing chief of the City's newest investment bank?". City AM. Retrieved 1 January 2025.
- ^ "The American who threatens to dominate the Cheltenham Festival | Topics: Willie Mullins, Cheltenham Festival, Rich Ricci". Thoroughbred Racing Commentary. Retrieved 3 January 2025.
- ^ Kealy, Paul (31 October 2024). "'Willie has become convinced he's a Champion Chase winner in the making' - Rich and Susannah Ricci stable tour". www.racingpost.com. Retrieved 3 January 2025.
- ^ "Ricci pledges his future to Irish racing with Willie Mullins". Irish Independent. 18 September 2013. Retrieved 3 January 2025.
- ^ "Rich Ricci ready to roll". At The Races. Retrieved 2 January 2025.
- ^ "Fatcatinthehat: Banker Rich Ricci comes first in the giving your racehorse a funny name stakes". The Independent. 11 March 2013. Retrieved 3 January 2025.
- ^ "Rich Ricci ready to roll". At The Races. Retrieved 3 January 2025.
- ^ Marquis, Christopher. "England's Yotes Court Vineyard Is Letting Nature Do The Work". Forbes. Retrieved 3 January 2025.