Teneo

Teneo
Private
Founded 2011 (2011)
Headquarters New York, New York, United States[1]
Key people
 Declan Kelly CEO
Doug Band, President
Paul Keary, COO
Michael Madden
Henry van Dyke V
Richard Powell
Jim Shinn
Number of employees
 500[2]
Website http://www.teneoholdings.com

Teneo is an US-based global advisory firm that partners exclusively with the CEOs and senior leaders of many of the world’s largest and most complex companies and organizations. [3] The firm works with clients to address a wide range of financial, reputational and transformational challenges and opportunities by combining the disciplines of strategic communications, investor relations, investment banking, financial analytics, executive recruiting, digital analytics, corporate governance, government affairs, business intelligence, management consulting and corporate restructuring on an integrated basis. Teneo’s clients include the CEOs of many Fortune 100 companies across a diverse range of industry sectors.

History

Teneo was founded in June of 2011 by three partners: Declan Kelly (former U.S. Special Envoy to Northern Ireland, U.S. CEO of Financial Dynamics, and EVP & CIO of FTI Consulting); Doug Band (Counselor to U.S. President Bill Clinton); and Paul Keary (former Senior Managing Director of FTI Consulting).[4]

The firm is headquartered in New York City, with offices in Washington DC, Brussels, São Paulo, London, Dublin, Dubai, Hong Kong, Beijing, Atlanta, San Francisco, Doha, Singapore, and Toronto and Melbourne.[1] The firm has over 570 employees as of 2016.[2] Teneo's monthly retainer fees have been as high as $250,000.[5]

In December 2014, it was announced that the private equity firm, BC Partners, had acquired a minority stake in Teneo. [6]

In January 2015, Charles Watson was named the Chairman of Teneo International, based in the firm’s London office. On July 9, 2015 Teneo acquired London-based communications agencies Blue Rubicon and Stockwell, effectively doubling in size.[7] Subsequently, on October 26, 2015, Teneo acquired Pendomer Communications, a financial and corporate communications firm based in London. Both Pendomer and StockWell were rebranded as Teneo effective January 2016.

On February 24th, 2016 Teneo announced that Twelve Rolling Capital, a boutique investment banking firm based in the Washington D.C. area, would join the Teneo Capital investment banking platform. [8]

Management and organization

Partnerships

Teneo has partnered with The Johnson School of Business at Cornell University to create the Teneo Leadership Institute. The partnership is designed to help equip the next generation of CEOs and senior executives with the skills and competencies required to combat volatile markets, geopolitical winds and other disruptors facing global businesses. Teneo’s partnership with Cornell also brings together the best minds from around the globe in intimate, unique and private settings to tackle the leadership challenges of today and tomorrow through real-world experiences, dialogue and exchange. [9]

Teneo has sponsored Northern Irish golfer Graeme McDowell (winner of the 2010 US Open) for several years.

Teneo is also a partner of Billie Jean King across her business and philanthropic endeavors, with a particular focus on the Billie Jean King Leadership Initiative (BJKLI). Teneo was an advisor to and primary sponsor of the Shareholder-Director Exchange Protocol (SDX™ Protocol) when it was launched in 2014. SDX™ Protocol was created by a working group of leading independent directors and representatives from some of the largest and most influential long-term institutional investors. The group came together to provide guidance to other investors and directors about the growing trend towards shareholder-director engagement.

Business units

Teneo has twelve business units: Strategy, Capital, Intelligence, 360, Consulting, Restructuring, Ventures, Talent, Diversity & Inclusion, Sports, Governance, and Digital.[10]

People

Involvement in politics

Former U.S. President Bill Clinton and former British Prime Minister Tony Blair were paid advisers to Teneo. The New Republic described "the extent to which Teneo’s business model depend[ed] on [Band's] relationship with Clinton" as "striking".[3] Clinton ended his relationship with Teneo on February 2012.[25] Doug Band's longtime advisor relationship with Clinton ended in 2013 after concerns that Band had leveraged his ties with Clinton too much for his own business interests with Teneo.[3]

During the latter half of 2012, Huma Abedin was working as a paid consultant for Teneo, while also working as special government employee for U.S. Secretary of State Hillary Rodham Clinton.[26] In July 2013, Senate Judiciary Committee Chairman Chuck Grassley (R-IA) initiated an investigation into Abedin’s activities and pay during that period.[27][28][29] In November 2015 the New York Times reported that in a letter to Senator Grassley Teneo stated that prior to Ms. Abedin’s hiring it had required her to sign an independent contract agreement that she would avoid any work that could potentially pose a conflict with her role at the State Department. “We have no reason to believe any of her activities as an independent contractor were inconsistent with the commitments she made in this regard,” wrote Mr. Kelly according the media report. [30]

Client list

Teneo’s clients include Fortune 500 companies, philanthropies, governments, and high-net-worth individuals.[31]

See also

References

  1. 1 2 "Teneo – Locations". Retrieved 27 February 2013.
  2. 1 2 "Teneo – About Us". Retrieved 6 November 2015.
  3. 1 2 3 4 5 6 Alec MacGillis: Scandal at Clinton Inc. How Doug Band drove a wedge through a political dynasty. The New Republic, September 22, 2013
  4. 1 2 O'Shea, James (29 June 2011). "Former US economic envoy Declan Kelly launches merchant bank and private equity and consulting company". Irish Central. Retrieved 25 February 2013.
  5. 1 2 "Unease at Clinton Foundation Over Finances and Ambitions". The New York Times. 14 August 2013.
  6. ↑ "Teneo, an Advisory Firm, Draws Investment From BC Partners". The New York Times. 8 December 2014.
  7. ↑ "Teneo Holdings - Teneo Holdings today announced that it has completed the acquisition of Blue Rubicon and StockWell".
  8. ↑ "Teneo Expands Investment Banking Operations". Reuters. 24 February 2015.
  9. ↑ "Executive Education Clients". Reuters. 24 February 2015.
  10. ↑ "Teneo – Businesses". Retrieved 7 March 2013.
  11. ↑ "Teneo – Declan Kelly". Retrieved 7 March 2013.
  12. ↑ "Declan Kelly, Teneo Holdings and Gary McGann, Smurfit Kappa". Business and Finance. Retrieved 11 March 2013.
  13. ↑ "Teneo – Douglas Band". Retrieved 7 March 2013.
  14. ↑ Clark, Alisson (4 February 2009). "The Gator Behind Bill Clinton". Gainesville Sun. Retrieved 11 March 2013.
  15. ↑ "Teneo – Paul Keary". Retrieved 7 March 2013.
  16. ↑ "Teneo – Michael Madden". Retrieved 7 March 2013.
  17. ↑ "Michael Madden/Teneo Capital". Irish America. Retrieved 11 March 2013.
  18. ↑ "Teneo – Henry Van Dyke V". Retrieved 7 March 2013.
  19. ↑ "Asian industry: Bagged cement". The Economist. 17 June 1999. Retrieved 11 March 2013.
  20. ↑ "Teneo – Richard Powell". Retrieved 7 March 2013.
  21. ↑ Hagey, Keach (6 January 2011). "Richard Powell joins Bloomberg LP". Politico. Retrieved 11 March 2013.
  22. ↑ "Teneo – Jim Shinn". Retrieved 7 March 2013.
  23. ↑ Hickey, Kate (22 June 2012). "Teneo’s Declan Kelly delivers Bill Clinton, keeps expanding". Irish Central. Retrieved 11 March 2013.
  24. 1 2 "Fifa: Former aide of President Bill Clinton to help PR". BBC Sport.
  25. ↑ Haberman, Maggie (19 February 2012). "Bill Clinton changes relationship with Teneo". Politico. Archived from the original on December 25, 2015. Retrieved 11 March 2013.
  26. ↑ Hernandez, Raymond (16 May 2013). "Weiner’s Wife Didn’t Disclose Consulting Work She Did While Serving in State Dept.". The New York Times (The New York Times Company). Retrieved 2013-05-17.
  27. ↑ Hernandez, Raymond (August 18, 2013). "Questions on the Dual Role of a Clinton Aide Persist". The New York Times. Retrieved August 19, 2013.
  28. ↑ Condon, Stephanie (July 26, 2013). "Weiner's wife Huma Abedin under scrutiny over two jobs". CBS News. Retrieved July 29, 2013.
  29. ↑ Jonathan Allen (2015-11-05). "Teneo, firm with Clinton ties, declines to answer Senate questions". Reuters. Archived from the original on February 13, 2016. Retrieved 6 November 2015.
  30. ↑ "Consulting Firm With Clinton Ties Denies Influencing State Department Policy". Reuters. 6 November 2015. Archived from the original on November 8, 2015.
  31. ↑ Allen, Mike (23 July 2012). "Playbook". Politico. Retrieved 25 February 2013.
  32. ↑ Hickey, Kate (2012-06-22). "Teneo's Declan Kelly delivers Bill Clinton, keeps expanding". Irish Central. Retrieved 25 February 2013.

External links

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