Blair Effron

Blair Effron
Born
Blair Wayne Effron

(1962-06-19) June 19, 1962 (age 62)
Education
Known forCo-Founder of Centerview Partners
Political partyDemocratic

Blair Wayne Effron (born June 19, 1962) is an American financier. Effron co-founded Centerview Partners, a leading global investment banking firm based in New York City.[1][2] Centerview has offices in London, Paris, Chicago, Los Angeles, Palo Alto and San Francisco. The firm provides advice on mergers and acquisitions, financial restructurings, valuation, and capital structure to companies, institutions and governments.

Effron is also active in Democratic Party politics and was a prominent supporter of John Kerry's 2004 presidential campaign, as well as subsequent presidential campaigns for Barack Obama, Hillary Clinton, Joe Biden and Kamala Harris.[3]

Early life

Effron grew up in a Jewish family in Poughkeepsie, New York, son of James W. Effron, president of Effron Oil. Effron graduated with a BA in history[4] from Princeton University in 1984[5] and an MBA from Columbia Business School in 1986. He began his career at Dillon, Read & Co. and would remain with the firm and its successors (Warburg Dillon Read, UBS Warburg and UBS Investment Bank) over the next 20 years. Effron received a brief mention as an associate at Dillon Read in the Barbarians at the Gate involved in the buyout of RJR Nabisco by Kohlberg Kravis Roberts & Co.[6]

Career

Effron began his career in investment banking in the early 1980s and built up a reputation as one of the leading bankers in the consumer products industry and for more than ten years since founding Centerview has been one of the industry's top generalist banker across several industries. At UBS, Effron was Group Vice Chairman of UBS AG and a member of the Board of UBS Investment Bank, where he also sat on several management committees. Effron's major coup came in 2005 when he advised Gillette on its $57 billion sale to Procter & Gamble, which was the largest mergers and acquisitions transaction of 2005. Among Effron's other major deals are:

In July 2006, Effron co-founded Centerview Partners along with Robert Pruzan, formerly CEO of North America at Dresdner Kleinwort Wasserstein and President of Wasserstein Perella & Co. Additional Centerview co-founders included Stephen Crawford, former co-president at Morgan Stanley, and Adam Chinn, a former partner at Wachtell Lipton.[7] James M. Kilts, former CEO of Gillette, heads the firm's private equity fund.[8]

Other affiliations

Effron serves on the board of trustees of the Council on Foreign Relations (Vice-Chairman), Lincoln Center (Treasurer), the Metropolitan Museum of Art, New Visions for Public Schools, Partnership for New York City, and Princeton University. He also sits on the advisory board of The Hamilton Project[9] at the Brookings Institution.

Active in the Democratic party, Effron was a prominent supporter of John Kerry's 2004 presidential campaign and an active supporter of Joe Biden's 2020 presidential campaign.[3] He also hosted Obama at his Upper East Side Manhattan home in May 2014 and Hillary Clinton in June 2015.[10] Effron contributes political and business commentary to outlets including the Financial Times, The Wall Street Journal, CNBC, Bloomberg and other publications.[11][12][13][14][15][16] In August 2022, Effron was appointed by President Joe Biden as a member of the President’s Intelligence Advisory Board.[17] He has publicly praised the Biden Administration's record, stating on Bloomberg TV that the Biden presidency has produced economic “steadiness, good growth and markets at an all-time high”[18] and on CNBC stating “the Administration has done a strong job getting legislation to help the economy."[19]

Effron has endorsed Kamala Harris's 2024 presidential campaign and organized support for the Vice President within the business community.[20][21] He stated on CNBC that Harris recognizes the importance of policy alignment with the private sector[21] and on Bloomberg TV that CEOs prefer stability and a free-market based economy.[22]

References

  1. ^ "Boutique Bank That's Riding Out the Storm". The New York Times. February 29, 2008.
  2. ^ "For Boutiques, Time to Shop as Bankers Flee Big Firms". The Wall Street Journal. February 5, 2009.
  3. ^ a b "Joe Biden picks up support from influential Wall Street fundraisers Marc Lasry and Blair Effron, who backed Obama and Clinton". CNBC. December 19, 2019.
  4. ^ "Effron Center for the Study of America established at Princeton through a major gift to the Venture Forward campaign". Princeton University. November 15, 2021.
  5. ^ Promislo, Susan (June 8, 2016). "Princeton: Seven named to Princeton Board of Trustees". Princeton University.
  6. ^ Burrough, Bryan; Helyar, John (1990). Barbarians at the Gate: The Fall of RJR Nabisco. HarperCollins. ISBN 9780060536350.
  7. ^ Three Senior Wall Street Professionals Announce Formation of Centerview Partners PR Newswire.
  8. ^ "Conagra to buy Pinnacle for $8.1 billion, creating frozen food powerhouse". Reuters. June 27, 2018.
  9. ^ "Blair W. Effron | The Hamilton Project". www.hamiltonproject.org. Retrieved April 23, 2020.
  10. ^ "Obama to attend investment bankers' fund-raiser". The New York Times. May 14, 2014.
  11. ^ Pipeline for Deals, January 20, 2024, retrieved February 15, 2024
  12. ^ "You'll see mergers & acquisitions be much better in 2024, says Centerview Partners' Blair Effron". CNBC. Retrieved February 15, 2024.
  13. ^ "How a Democrat-led House of Representatives could boost US growth". Financial Times. January 3, 2019.
  14. ^ "Tighter times mean tougher corporate choices". Financial Times. June 16, 2020.
  15. ^ Effron, Blair (August 9, 2022). "There are reasons to be optimistic about the US economy". Financial Times. Retrieved August 24, 2022.
  16. ^ Watch Effron: Need Interest Rates to Come Down - Bloomberg, September 13, 2024, retrieved October 13, 2024
  17. ^ "President Biden Announces Key Appointments to Boards and Commissions". The White House. August 26, 2022.
  18. ^ Effron: Economy Under Biden is Underappreciated, January 20, 2024, retrieved February 11, 2024
  19. ^ Cassella, Megan (September 6, 2024). "Eighty-eight corporate leaders endorse Harris in new letter, including CEOs of Yelp, Box". CNBC. Retrieved October 11, 2024.
  20. ^ "Effron, Lasry Among Wall Streeters Raising Harris Cash". Bloomberg. July 24, 2024. Retrieved October 10, 2024.
  21. ^ a b "VP Harris recognizes you need to aligned with the private sector to be successful, says Blair Effron". CNBC. September 26, 2024. Retrieved October 10, 2024.
  22. ^ "Effron: CEOs Don't Want 10% Across-the-Board Tariffs". Bloomberg. September 13, 2024. Retrieved October 10, 2024.