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FoundedJune 2011
FoundersDeclan Kelly
Paul Keary
Doug Band
Headquarters280 Park Avenue, ,
Areas served
Worldwide (Washington DC, Atlanta, San Francisco, Beijing, Dubai, Doha, Hong Kong, London, Dublin, Toronto, Brussels, Singapore, São Paulo, Chicago, Dallas, Shanghai, Sydney, Johannesburg)
Key people
Declan Kelly
(Chairman and CEO)
Doug Band
ServicesManagement consulting

Teneo is an international C-suite advisory firm.[1] Founded in June 2011 by Declan Kelly, Paul Keary, and Doug Band,[2] Teneo currently has more than 700 employees[3][4] and operates across four operating segments: Strategy & Communications Advisory, Capital Advisory, Risk Advisory, and Management Consulting. Based in New York City with offices in 18 cities[5] including a major operation in London and Dubai,[6] among Teneo's clients are multi-national Fortune 500 companies, philanthropies, and high-net-worth individuals.[7] The firm markets specific services such as corporate strategy, crisis management, media relations, mergers & acquisitions, investor relations, corporate risk, and operational restructuring, among several dozen others.[8] In the first six months of 2015, Teneo advised clients on "communications and investor relations for 10 different M&A deals worth a total of over $60 billion".[9] On September 13, 2016, the media reported that Teneo was considering an initial public offering for early 2017, among other options.[10] Involved in various philanthropic projects, Teneo founded and operates the Teneo Foundation, which contributed millions to various nonprofits.[11] Teneo also operates the Teneo Leadership Institute, at Cornell University,[12] an initiative which trains CEOs and senior executives on managing "volatile markets, geopolitical winds and other disruptors facing global businesses".[13]



The global advisory firm Teneo was founded in June 2011 by three partners.[2][14] Kelly co-founded Teneo in New York with his long-term colleagues Douglas Band and Paul Keary.[15] Kelly took on the roles of chairman and co-CEO, Band became president,[16] and Keary took on the role of chief operating officer.[2][14] Teneo announced it would be "an investment bank and an international c-suite consulting business."[17] Fortune would later describe Teneo as founded to "provide a blend of six strategic services to corporate leaders, from management consulting and corporate restructuring to business intelligence and strategic communications".[18] Teneo's monthly retainer fees were reported to be as high as $250,000.[19] Tony Blair and Bill Clinton were both announced[17] as members of Teneo's advisory board,[20] with Clinton later becoming a client and paid advisor to Teneo and its founders.[16] Teneo was headquartered first in New York's 601 Lexington Avenue building[21] and later nearby at 280 Park Avenue,[5] with satellite offices in Washington DC, London, and Toronto.[2][22] An office opened shortly afterwards in Dublin.[14][22]


In the spring of 2012 Teneo added the division Teneo Intelligence,[23] which [23] "aims to identify trouble spots around the world and analyse their potential effect on global markets."[21] Teneo had 100 employees by June 2012,[16] a number which had risen to 130 employees by August.[21] Teneo signed a number of high-profile clients at its founding,[20] and by the summer of 2012 the firm's roster included[21] Dow Chemical,[24] Coca-Cola,[21] BHP,[25] and UBS among others.[19] By 2013 the Clinton's connection had become a focus of the press[1][26] and the Republican party.[27][28][29]

Teneo launched Teneo Consulting on May 30, 2013, which it described as complementary to its "existing Strategy, Capital, Intelligence, Restructuring and 360 platforms." Teneo announced the division would be "advising on technology, organizational structuring, business process, change management and other core services." Chris Wearing from JPMorgan Chase and Accenture was appointed head of the division.[30] In September 2013, Teneo expanded its restructuring platform. Teneo announced the division would offer "both financial and operational restructuring capabilities," and be complementary to other divisions such as Strategy, Capital, Consulting, Intelligence and 360.[31]


Fortune reported in June 2014 that Teneo had hired former US Senator George J. Mitchell and former UK government minister Mervyn Davies, Baron Davies of Abersoch as advisors, bringing the roster of senior advisors to twelve. Davies was also appointed vice chairman.[18] In 2014 NASCAR expanded its pre-existing relationship with Teneo Strategies.[32] New York private equity firm BC Partners made a minority investment in Teneo in December 2014.[33][34] Thereafter, Teneo grew from operating 6 divisions[35] to 12 divisions, including an executive recruitment operation and a corporate governance arm, through business acquisitions and recruiting."[33]

Charles Watson was named the chairman of Teneo International in January 2015, with oversight of Teneo's non-US operations.[36] FIFA became a client in July 2015,[37] and also around that time Teneo advised Willis Group Holdings on its merger with the consulting firm Towers Watson, a deal valued at $18 billion.[9] In the first six months of 2015, Teneo advised clients on "communications and investor relations for 10 different M&A deals worth a total of over $60 billion."[9] Teneo expanded throughout 2015,[38] and on July 9, 2015, Teneo acquired the London-based communications agencies Blue Rubicon and Stockwell, effectively doubling in size.[36] Blue Rubicon, which had offices in London, Doha, Dubai, and Singapore[9] with 225 staff members,[37] also had clients such as Facebook, Unilever, and Tesco. The smaller StockWell had clients such as Vivendi.[9] Subsequently, on October 26, 2015, Teneo acquired Pendomer Communications, a financial and corporate communications firm based in London.[39] The acquisition[38] doubled Teneo's employee count to about 500[37] and brought the headcount at Teneo's London office to 200.[39]

In 2015, Teneo received information requests from the office of Senator Charles Grassley as part of a review into a State Department waiver granted to Huma Abedin, a top aide for Hillary Clinton, which had allowed her to earn income outside the government[29][40][41][42] in 2012.[43] The probe had been initiated in July 2013[27][28][29] to scrutinize Abedin's work with the government[43] while also consulting for four other entities,[42] one of which had been Teneo.[43] The company did not yield to information requests but responded that Teneo was "committed to the highest ethical and professional standards," with Abedin asserting that Teneo had never asked her to do any compromising work.[29] Abedin was reported to have signed a contract with Teneo pledging to avoid conflict of interest problems,[29] and a 2015 freedom of information request showed emails where she recused herself from several situations for that reason.[44] Though the issue was seen as controversial by Republicans, The Journal noted that there "was no evidence of any fundraising, donations, or services provided by Teneo executives to the State Department or Hillary Clinton during her time as Secretary of State."[42]


Teneo expanded its operations in Canada in January 2016, resulting in an employee headcount of 570 people.[45] On February 24, 2016, Teneo announced that Twelve Rolling Capital, a boutique investment banking firm, would join the Teneo Capital investment banking platform.[46] Teneo acquired the Irish PR firm PSG Communications in July 2016, with PSG to remain separate with its own clients and brand.[47] PSG at the time had 55 staff members and clients such as AIG.[47] Teneo was also advising FIFA on its reorganisation, and was "working on Los Angeles’s bid to host the 2024 Summer Olympics."[47] On August 2, 2016, it was announced that William Bratton was leaving his long-term job as New York City Police Commissioner the following month, and would afterwards be joining the newly formed Teneo Risk as executive chairman.[48] On September 13, 2016, the Wall Street Journal reported that Teneo was considering an initial public offering with a projected valuation of up to $1 billion, according to sources "familiar with the matter". The sources alleged that an IPO was being considered for early 2017, with alternative options including a merger or sale of several Teneo units.[10] The Wall Street Journal explained that at the time, Teneo had roughly 500 clients and marketed itself as a "one-stop shop for CEOs to get advice on a wide range of issues, including mergers and acquisitions, handling crises and managing public relations", with Xerox as a client. Xerox Ursula Burns stated she had used Teneo a "little like a traffic cop" while managing Xerox's split into two companies.[10]

Divisions and services[edit]

Among Teneo's clients are Fortune 500 companies, philanthropies, and high-net-worth individuals.[7] Beyond consulting on diverse issues through various business units,[49] Teneo also includes an investment bank.[14][50] The company categorizes its services across four operating segments: "Strategy & Communications Advisory," "Capital Advisory," "Risk Advisory" and "Management Consulting."[5] Teneo Sports, also existent since 2011, originally focused on helping "cities or organizations make bids for sports events," including the 2014 Winter Olympics in Sochi. In 2014 the division began taking on athletes while continuing to work with clients such as NASCAR and the Women's Tennis Association.[49] Teneo divisions periodically partner with other firms to provide services.[49]

Facilities and staff[edit]

Headquartered at 280 Park Avenue in Manhattan,[6][21] as of 2019 the firm had offices in 17 other locations as well, including London, Chicago, Dallas, Shanghai, Sydney, Johannesburg, Dublin, Hong Kong, Beijing, Brussels, São Paulo, Washington DC, Atlanta, San Francisco, Toronto, Singapore, Dubai, and Doha in Qatar.[5][6] Teneo had 550 staff members as of July 2016,[47] a number that grew[51] after an acquisition later that month,[47] and to around 700 by 2019.[3] All three Teneo co-founders remain involved with the company.[52] Declan Kelly continues to serve as chairman and CEO with oversight of all the company's operating divisions,[53] Douglas Band remains president,[54][55] and Paul Keary retains his original role as chief operating officer (COO).[14][15] Other key leadership positions at Teneo Holdings include Steven Sullivan as chief administration officer (CAO) and chief financial officer (CFO), Chris Wearing as vice chairman, and Lawrence Carnevale as general counsel.[5][52] Since 2015[45] Charles Watson has served as chairman of Teneo Holdings International, where he oversees growth of the firm outside of the United States.[52]

Teneo's business units are headed by a number of division presidents, chairpersons, and CEOs,[52] with current executives such Michael Madden of Renaissance Credit,[56][57] Henry van Dyke of Morgan Stanley,[58][59] Richard Powell of Burson-Marsteller,[60][61] and Jim Shinn of the United States Department of Defense.[16][62] As of July 2016, Teneo's twenty senior advisors included US Senator George J. Mitchell, Lord Davies of Abersoch, Lord Hague of Richmond, US General Raymond T. Odierno, Sir Michael Rake of the Confederation of British Industry, Harvey Pitt of the U.S. Securities and Exchange Commission, rugby professional Brian O'Driscoll, Cris Conde of SunGard Data Systems, Pamela Craig of Accenture, Gene Park of Compound Capital Management, Lon Augustenborg of the CIA, Stephen Davis of Harvard Law School and the Brookings Institution, John Nixon of ICAP, James Hoge of Foreign Affairs, Victor D. Cha of Georgetown University, Paul Haenle of the Carnegie-Tsinghua Center, Mark Hass of Peconic First, Andy Somers of the American Chamber of Commerce in Russia, Ken Miller of Ken Miller Capital, and Megan Shattuck of Korn Ferry.[63] Other advisors have included former US Senate majority leader George J. Mitchell,[64] Paul Haenle of Tsinghua University,[65] Tony Blair and Bill Clinton.[17][20][43] On August 30, 2016, William Bratton announced he had officially accepted the role of head of the Teneo's newly formed risk-management division.[66]


Involved in various philanthropic projects, Teneo founded and operates the Teneo Foundation, a non-profit which has contributed millions of dollars to organizations such as the Evan B. Donaldson Adoption Institute.[11] Teneo also partnered with The Johnson School of Business at Cornell University to create the Teneo Leadership Institute,[12] an initiative which trains CEOs and senior executives on managing "volatile markets, geopolitical winds and other disruptors facing global businesses."[13]

In late 2014, Teneo and former professional tennis player Billie Jean King co-founded the Billie Jean King Leadership Initiative (BJKLI). Teneo co-founder Paul Keary stated the non-profit aims to achieve "understanding through research the impediments to diversity and inclusion in the workplace, and then to develop the economic and commercial rationale for diversity and inclusion in the workforce."[67] Also in 2014, Teneo was a primary sponsor of the Shareholder-Director Exchange Protocol (SDX Protocol), which was developed for American investors and boards "who wish to consider engagement [with shareholders of their public company] by providing a practical framework for effective, mutually beneficial engagement."[13]

See also[edit]


  1. ^ a b Alec MacGillis: Scandal at Clinton Inc. How Doug Band drove a wedge through a political dynasty. The New Republic, September 22, 2013
  2. ^ a b c d O'Shea, James (June 29, 2011). "Former US economic envoy Declan Kelly launches merchant bank and private equity and consulting company". irishcentral.com. Irish Central. Retrieved 2016-09-22.
  3. ^ a b Goodbye, Blue Rubicon, PR Week, 2018
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  6. ^ a b c "Teneo – Locations". Retrieved 27 February 2013.
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  9. ^ a b c d e Huddleston, Jr., Tom (July 9, 2015). "Consulting firm Teneo is betting big on Britain". Fortune. Retrieved 2016-09-22.
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External links[edit]