Hugh "Skip" McGee III

Hugh E. "Skip" McGee III (born 1959) is an American investment banker from Texas,^[1] ex-Lehman Brothers and Barclays executive and currently Co-Founder and Chief Executive Officer of Intrepid Financial Partners, a Power & Energy focused merchant bank.

Education

McGee graduated summa cum laude from Princeton University in civil engineering in 1981,^[2] and received a JD with honors from the University of Texas School of Law.^[3]

Career

Prior to co-founding Intrepid in April 2015, Skip served as a member of the Barclays Group Executive Committee and CEO of Barclays, Americas responsible for its Investment Banking, Corporate Banking, Credit Card and Wealth & Investment Management businesses in the region. Prior to that, he held a number of senior leadership positions at Barclays including CEO of Corporate and Investment Banking, Americas and Chairman and Head of the Global Investment Banking Division. At the time of his promotion to CEO of Corporate and Investment Banking Americas, Skip was the longest serving Head of an Investment Banking Division across Wall Street. He joined Barclays in September 2008 when he negotiated the move of 10,000 former Lehman employees over to Barclays after the bankruptcy of Lehman.

Prior to Barclays, Skip was a senior executive at Lehman, where he spent the majority of his career. At Lehman, he was a member of the Firm’s Executive Committee and most recently Head of the Global Investment Banking Division from 2002-2008 after running the highly successful Global Natural Resources and Power franchises. Skip joined Lehman in 1993 after six years at First Boston and Wasserstein Perella.

McGee has been involved in multiple significant transactions, such as Energy Transfer’s $38 billion merger with Williams, Kinder Morgan's $21 billion acquisition of El Paso Energy, BHP Billiton’s $15 billion acquisition of Petrohawk, Verizon’s $135 billion acquisition of its remaining stake in Verizon Wireless from Vodafone, Exxon Mobil's $41 billion acquisition of XTO Energy, Kerr-McGee's $18 billion sale to Anadarko, Pfizer’s $68 billion acquisition of Wyeth, and the Williams Companies’ $3 billion financial restructuring.

Skip graduated summa cum laude from Princeton University with a degree in civil engineering and received a J.D. degree with honors from the University of Texas School of Law. He is a Lifetime Member of the Advisory Council of McCombs School of Business at the University of Texas at Austin and sits on the Advisory Council for the Bendheim Center for Finance at Princeton University.

Personal life

McGee has three children with his wife Susie.^[4]

In 2009, McGee sent a letter, later leaked to the media, to the board of directors at The Kinkaid School, which his son attended,^[5] criticizing the school's administration and a teacher for altering a previously planned student pep rally, canceling a skit in which his son would have performed in drag. He also complained that the teacher had made a slur against his profession, upsetting his son.^[6]

References

1. Raghavan, Anita (15 September 2008). "Up For Grabs: Lehman's Hot Bankers". Forbes. Retrieved 24 June 2010.
2. "Lehman Brothers promotes McGee". E-Quad News. Princeton. Winter 02-03. Retrieved 24 June 2010. Check date values in: |date= (help)
3. "Hugh (Skip) E. McGee III". Barclays Capital. Retrieved 2010-06-20.
4. McGee III, Hugh E. (2009-11-11), Re: The Tipping Point (PDF), Dealbreaker.com, retrieved 2011-12-25
5. Tolson, Mike (2009-12-07). "Kinkaid letter fans flames over political correctness". Houston Chronicle. Retrieved 2010-06-20.
6. Quinn, James (2009-12-02). "Barclays banker Hugh McGee wants son's teacher fired for 'sleazeball' comment". The Daily Telegraph. Retrieved 2011-12-25.