Teneo

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Teneo
Type 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
Employees 130[2]
Website http://www.teneoholdings.com

Teneo is an US-based corporate advisory firm[3] that offers strategic communications, investment banking, business intelligence and restructuring services.[4]

General[edit]

Teneo was founded in 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).[5]

The firm is headquartered in New York City, with offices in Washington DC, São Paulo, London, Dublin, Dubai, Hong Kong, Beijing, Zurich, and Melbourne.[1] The firm has over 190 employees as of 2013.[2] Teneo's monthly retainer fees have been as high as $250,000.[6]

Management and organization[edit]

Business units[edit]

Teneo has six business units: Strategy, Capital, Intelligence, Financial Strategy, Consulting and Restructuring.[4]

People[edit]

  • Chief Executive Officer: Declan Kelly [7][8]
  • President: Douglas Band (Former Chief Advisor to former President Bill Clinton) [9][10]
  • Chief Operating Officer: Paul Keary [5][11]
  • Teneo Capital Chairman: Michael Madden (Former CEO of Renaissance Credit) [12][13]
  • Teneo Capital CEO: Henry van Dyke V (Former head of M&A in Asia and Latin America for Morgan Stanley) [14][15]
  • Teneo Strategy President: Richard Powell (Former COO of Burson-Marsteller) [16][17]
  • Teneo Intelligence CEO: Jim Shinn (Former Assistant Secretary for Asia in the United States Department of Defense) [18][19]

Involvement in politics[edit]

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.[20] 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.[21] In July 2013, Sen. Chuck Grassley (R-IA) initiated investigation of Abedin’s activities and pay.[citation needed]

Client list[edit]

Teneo’s clients include Fortune 500 companies, philanthropies, governments, and high net worth individuals.[22]

References[edit]

  1. ^ a b "Teneo - Locations". Retrieved 27 February 2013. 
  2. ^ a b "Teneo - About Us". Retrieved 27 February 2013. 
  3. ^ a b c d e f Alec MacGillis: Scandal at Clinton Inc. How Doug Band drove a wedge through a political dynasty. The New Republic, September 22, 2013
  4. ^ a b "Teneo - Businesses". Retrieved 7 March 2013. 
  5. ^ a b 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. 
  6. ^ a b http://www.nytimes.com/2013/08/14/us/politics/unease-at-clinton-foundation-over-finances-and-ambitions.html?pagewanted=all August 13, 2013
  7. ^ "Teneo - Declan Kelly". Retrieved 7 March 2013. 
  8. ^ "Declan Kelly, Teneo Holdings and Gary McGann, Smurfit Kappa". Business and Finance. Retrieved 11 March 2013. 
  9. ^ "Teneo - Douglas Band". Retrieved 7 March 2013. 
  10. ^ Clark, Alisson (4 February 2009). "The Gator Behind Bill Clinton". Gainesville Sun. Retrieved 11 March 2013. 
  11. ^ "Teneo - Paul Keary". Retrieved 7 March 2013. 
  12. ^ "Teneo - Michael Madden". Retrieved 7 March 2013. 
  13. ^ "Michael Madden/Teneo Capital". Irish America. Retrieved 11 March 2013. 
  14. ^ "Teneo - Henry Van Dyke V". Retrieved 7 March 2013. 
  15. ^ "Asian industry: Bagged cement". The Economist. 17 June 1999. Retrieved 11 March 2013. 
  16. ^ "Teneo - Richard Powell". Retrieved 7 March 2013. 
  17. ^ Hagey, Keach (6 January 2011). "Richard Powell joins Bloomberg LP". Politico. Retrieved 11 March 2013. 
  18. ^ "Teneo - Jim Shinn". Retrieved 7 March 2013. 
  19. ^ Hickey, Kate (22 June 2012). "Teneo’s Declan Kelly delivers Bill Clinton, keeps expanding". Irish Central. Retrieved 11 March 2013. 
  20. ^ Haberman, Maggie (19 February 2012). "Bill Clinton changes relationship with Teneo". Politico. Retrieved 11 March 2013. 
  21. ^ 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. 
  22. ^ Allen, Mike (23 July 2012). "Playbook". Politico. Retrieved 25 February 2013. 
  23. ^ Hickey, Kate (2012-06-22). "Teneo's Declan Kelly delivers Bill Clinton, keeps expanding". Irish Central. Retrieved 25 February 2013. 

External links[edit]