Teresa Clarke

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Teresa Clarke
Personal details
Born (1963-02-08) February 8, 1963 (age 51)
California, United States
Residence New York City, New York, United States
Occupation February 2010 - Present Chairman and CEO at Africa.com Co-founder Student Sponsorship Programme South Africa

Teresa Hillary Clarke, daughter of Audrey M. Clarke of Los Angeles, is a prominent African American businesswoman, entrepreneur and investment banker.[1] She has a lucrative career and extensive experience in financial management and international business. Growing up in California, Teresa H. Clarke comes from a line of prominent women being her mother and grandmother civil rights pioneers before the civil rights era.[2]

Ms. Clarke has a bachelor’s degree in economics, cum laude, from Harvard College (1980–1984), an MBA from Harvard Business School (1986–1988) and a law degree from Harvard Law School (1984–1987).[3] Ms. Clarke is fluent in Spanish, French and Portuguese, and is a Term member of the U.S. Council on Foreign Relations.[4]

Currently Ms. Clarke serves as Chief Financial Advisor and a Member of Advisory Board of Plebys International LLC, a company dedicated to address the problems of poverty that persist worldwide through innovative technologies and business plans. Besides being a member of the Council on Foreign Relations, she is a board member of Southern Africa Legal Services (Legal Resources Centre) in Johannesburg, of the Tony Elumelu Foundation in Nigeria, and of the Opportunity Agenda in New York.

Background[edit]

In August 1989, Teresa Clarke joined the real-estate department at Goldman, Sachs & Co. in New York as associate.[5] Later she worked in the investment banking division for six years before leaving to found and serve as Managing Director of the South African office of ABT Associates, the Cambridge (Mass.) public-policy & management-consulting firm. Her clients in South Africa included companies such as Transnet (holding company of South African Airways), Johnson & Johnson, and institutions involved in the coordination of the education and public health development sectors.[6]

Teresa Clarke lived in South Africa from 1995 to 2000. During her time in South Africa, Ms. Clarke also taught corporate finance in the MBA program at Wits Business School.[7]

In 1999 she co-founded Student Sponsorship Programme South Africa with Nyagaka Ongeri and Gerri Engelman. SSP ZA provides academically talented but economically disadvantaged South African students with scholarships and support to attend private schools. The non-profit trust program based in Johannesburg has provided more than $10 million in scholarships to more than 600 children. Some 90 percent of the students complete the program. About 90 percent of SSP’s graduates qualify to attend university. For her work with SSP ZA, Ms. Clarke has been recognized by the South African government.[8] From 2004 to 2010, Ms. Clarke returned to Goldman Sachs. Her first contribution was to play a key role in launching the firm's Global Markets Institute. She later moved back into the investment banking division where she led mergers and acquisitions, and corporate finance transactions for Fortune 500 companies in the US and Europe. She was also the manager of the GS Africa Aspen Program, a leadership development project for emerging public- and private-sector African leaders created in cooperation with the Aspen Institute.[9]

Recent events[edit]

On February 12, 2010 Teresa Clarke ended a decade-long career at the investment banking firm to devote her full energies to Africa.com. She re-launched Africa.com in February 2010, her goals for Africa.com were to change the way the world engages online with Africa and to be the platform for those changes.[10]

“I’ve owned the Africa.com domain name for around 10 years. In 2000, I was hired to help the firm that owned the domain name figure out what to do with it. When that organization disbanded, I was fortunate enough to secure the ownership of the domain name.[11] “Over most of the last decade, I worked at Goldman Sachs. During my free time, I imagined what I would do with the domain name and I looked at other African websites.”[12]

“I love working for Africa.com because our work is so broad. We are embarking upon a deal that will provide our users information on the financial markets in Africa and we recently published a blog on developments in public education in South Africa. I work with a great team of people that I have hand chosen, and I couldn’t be any happier,” she said in an interview.[13]

A popular and dynamic speaker, Clarke has been featured as an Africa expert at the World Economic Forum in Africa and in India, the Milken Institute and the Fortune/Time/CNN Global Forum. In 2008, she received the Freedom Day Award from the South African Consulate.[14] On November 4, 2010 Teresa Clarke was a speaker at African Leadership Network's inaugural ceremony. This event is the equivalent of the World Economic Forum in Davos, but organized by and for Africans and people of African descent.[15] On November 7, 2010, Ms. Clarke was among the honorees being celebrated on Black Entertainment Television’s (BET) event called Black Girls Rock!.[16]

Quotes[edit]

"I accept the BET Black Girls Rock Shot Caller Award on behalf of black girls all over the world and cannot wait to honor YOU for your groundbreaking achievements." -- Africa.com CEO Teresa Clarke.[1]

References[edit]

Jump up^ http://www.nytimes.com/1989/06/04/style/teresa-h-clarke-is-married-to-walter-k-booker.html. Jump up^ http://www.tnj.com/25-Influential-black-women/2011/teresa-h-clarke. Jump up^ http://www.tnj.com/25-Influential-black-women/2011/teresa-h-clarke. Jump up^ http://investing.businessweek.com/research/stocks/private/person.asp?personId=13405525&privcapId=430441&previousCapId=430441&previousTitle=Africa.com,%20LLC Jump up^ http://www.nytimes.com/1989/06/04/style/teresa-h-clarke-is-married-to-walter-k-booker.html Jump up^ http://investing.businessweek.com/research/stocks/private/person.asp?personId=13405525&privcapId=430441&previousCapId=430441&previousTitle=Africa.com,%20LLC. Jump up^ http://www.africa.com/about-us/ Jump up^ http://www.tnj.com/25-Influential-black-women/2011/teresa-h-clarke. Jump up^ http://www.efinancialnews.com/story/2011-02-07/life-after-the-city-teresa-clarke Jump up^ http://www.prnewswire.com/news-releases/goldman-sachs-managing-director-teresa-clarke-resigns-to-run-reorganized-tech-company-africacom-84219672.html Jump up^ http://www.efinancialnews.com/story/2011-02-07/life-after-the-city-teresa-clarke Jump up^ http://memeburn.com/2011/03/africa-com-the-domain-that-launched-a-startup/ Jump up^ http://www.tnj.com/25-Influential-black-women/2011/teresa-h-clarke Jump up^ http://whartonafrica.com/wabf/speakers/teresa-clarke/ Jump up^ http://www.huffingtonpost.com/teresa-clarke/black-girls-rock_b_779076.html Jump up^ http://www.bet.com/video/blackgirlsrock/2010/acceptance-speech-230728.html. Jump up^ http://www.prweb.com/releases/2010/11/prweb4740874.htm

External links[edit]