John Utendahl was the owner of the Utendahl Group, one of the largest African American-owned investment banking groups in the United States. In 2010, Utendahl joined Deutsche Bank Americas as the Vice Chairman. In 2016, John Utendahl joined Bank of America as Executive Vice Chairman of Global Corporate and Investment Banking.
Early life and career
Utendahl was born in the borough of Queens in New York City and is of African American and Dutch descent. Utendahl earned a bachelor's degree in Business Administration from Long Island University, Brooklyn Campus and acquired an MBA from Columbia University.
A veteran on Wall Street, Utendahl ran the most successful minority-run investment bank in the United States until its final days in 2009. With an estimated net worth of over $50 million, Utendahl was regularly recognized for his quick thinking and charm.
In 2010, Utendahl sold his firm to Williams Capital Group. Utendahl is currently only a minority stake-holder in Utendahl Capital Management, a small fixed income asset management firm.
On March 25, 2010, Utendahl joined Deutsche Bank Americas as Vice Chairman. After 5 years at Deutsche Bank, Utendahl left to join Bank of America as Executive Vice Chairman in 2016.
Utendahl ended[when?] a long-term relationship with Tyra Banks. The two were not legally married but believed in lifetime partnership. Banks and Utendahl were known to keep their relationship very private from the media.. Utendahl has two daughters, Madison and Sydney, from a previous marriage to investment banker Phyllis Hollis.
- "United Enterprise Fund, L.P. - The Team". Unitedenterprisefund.com. Archived from the original on 2011-12-23. Retrieved 2012-01-05.
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