Business people in the banking sector include the individuals who either solely or jointly with partners form a private bank. Banks are the financial institutions that accept deposits from customers, pay interest and provide other financial services like loans and mortgages to them. Banks play a vital role in the financial system and economy of a country, and are therefore highly regulated by the governments. Even the owners of the private banks need to adhere to the governmental policies regulating banks. Business people wanting to start banks have to possess business acumen along with a strong base in finance and have to have a deep knowledge and understanding of the various laws and regulations governing the banking sector. Private Banks play a major role in the expansion of business activities by proving essential financial services to the general public. The owners of private banks are also more receptive towards adopting newer tools and technologies to enhance the banking experience of their clients, especially in the developing countries. Starting a private bank is a challenging task, more challenging than starting any other kind of a venture; it is something only highly ambitious individuals with a profound knowledge of legal and financial matters will venture into. What follows is a collection of the biographies, timelines, trivia and other information about the professional and personal lives of some of the world’s most famous bankers.
This ranking is based on an algorithm that combines various factors, including the votes of our users and search trends on the internet.
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.Jamie Dimon is an American business executive, currently serving as Chief Executive Officer and Chairman of the largest of the popular American banks, JPMorgan Chase. He is among the few bank chief executives in the world to become a billionaire. In 2006, 2008, 2009, and 2011, Jamie Dimon was named in Time magazine's world's 100 most influential people lists.
.Ben Bernanke is an American economist who served two terms as the chair of the Board of Governors of the Federal Reserve System from 2006 to 2014, during which he supervised the Federal Reserve's response to the global financial crisis (GFC). For his efforts during GFC, Ben Bernanke was named Time Person of the Year in 2009.
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After his 13-year stint with Goldman Sachs, Mark Carney served as the governor of the Bank of Canada and the Bank of England. He was also part of the Canadian finance department. He is an ice-hockey lover and played the sport actively during the school and university days.
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One of the main patriarchs of the famed Medici family that ruled Florence, Italian banker Cosimo de' Medici was one of the richest men of his time. Medici was also a great patron of art and architecture. He also arranged a search for ancient manuscripts and opened a public library.
The son of a janitor and a domestic help, Herman Cain used his talent in math to join Purdue University. He had worked with the Navy and been an analyst for Coca-Cola. He later headed Pillsbury as its VP. He had announced his presidential candidacy in 2012 but later withdrew.
.The son of wealthy Pittsburgh banker Thomas Mellon, Andrew William Mellon had followed in his father’s footsteps, to be a banker. He had also been the American ambassador to the U.K. and the American secretary of the treasury. He owned companies such as Alcoa, Old Overholt whiskey, and Gulf Oil.
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.A member of the Walton family—the world’s richest family— James Walton has inherited retail giant Walmart along with his siblings. A graduate from the University of Arkansas, the billionaire is also the chairman of Arvest Bank and heads newspaper company, Community Publishers Inc. He played football during his younger days and leant to pilot planes. He has four children.
Apart from being the president of Harvard, Lawrence Summers has also been the U.S. secretary of the treasury, the World Bank’s chief economist, and the NEC director. The MIT alumnus became one of the youngest tenured faculty members at Harvard. He also writes regularly for The Washington Post.
The son of a banker father, Italian economist Mario Draghi initially served as the president of the European Central Bank and the Bank of Italy governor, and is the current prime minister of Italy. The media named him Super Mario for efficiently handling the Eurozone debt crisis.
.Mikhail Prokhorov is a Russian billionaire, former owner of the American professional basketball team Brooklyn Nets, and politician. One of Russia's most prominent industrialists, Prokhorov is credited with helping Norilsk Nickel become the largest producer of palladium and nickel in the world.
Urjit Patel is an Indian economist. From 2016 to 2018, he served as the Governor of the Reserve Bank of India. In 2018, he resigned stating personal reasons. He also became the fifth governor to have resigned before the completion of his term. Urjit Patel is the recipient of Yale University’s Wilbur Cross Medal.
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Economist Janet Yellen has had an illustrious career as an academic and researcher, and has taught at Harvard University and other reputed institutes. After chairing the Federal Reserve for 4 years, she is now the United States Secretary of the Treasury. She is married to Nobel-winning economist George Akerlof.
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Best remembered for creating a new writing system that allows Mandarin to be written in Roman alphabets, Chinese economist Zhou Youguang started working on the project in 1955, reaching his goal after three years of labor. Known as Father of Pinyin, he has also authored forty books, most notable among them being The Historical Evolution of Chinese Languages and Scripts.
Democratic Party member and former governor of Virginia, Terry McAuliffe is a qualified lawyer. Born to a Democratic politician in New York, he began his first business at 14, maintaining driveways and parking lots in his area, and grew up to be a successful banker, real-estate developer, and venture capitalist.
Jim Yong Kim, or Kim Yong, was born in South Korea and later moved to the US, where he grew up to be the president of the World Bank. The physician and anthropologist has also taught at Harvard Medical School, his alma, and co-owns the medical care company Partners in Health.
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