Jim O'Neill, Baron O'Neill of Gatley
Life Peerage | |
---|---|
Personal details | |
Born | Terence James O'Neill 17 March 1957[1] Manchester, England |
Political party | None (Crossbencher) (since 2017) |
Other political affiliations | Non-affiliated (2016–2017) Conservative (2015–2016) |
Spouse | Married |
Children | 2 |
Alma mater | University of Sheffield University of Surrey |
Known for | BRIC economic theory |
Terence James O'Neill, Baron O'Neill of Gatley (born 17 March 1957)[1] is a British economist best known for coining BRIC, the acronym that stands for Brazil, Russia, India, and China—the four once rapidly developing countries that were thought to challenge the global economic power of the developed G7 economies.[2] He is also a former chairman of Goldman Sachs Asset Management and former Conservative government minister.
O'Neill was
Education
O'Neill grew up in
Career
Early in his career, O'Neill worked at Bank of America and Marine Midland Bank. In 1988, he joined Swiss Bank Corporation where he became SBC's chief of global research.[7] He joined Goldman Sachs in 1997 and he was appointed as the head of global economics research in 2001.
Goldman Sachs
In 2010, he headed Goldman Sachs's Division of Asset Management where O'Neill managed over $800 billion in assets.
O'Neill coined the term "BRIC" in 2001 in "The World Needs Better Economic BRICs" in a Goldman Sachs's "Global Economic Paper" series, on the four emerging "BRIC" economies Brazil, Russia, India, and China.[10] He later used the term "The Next Eleven" for Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, the Philippines, South Korea, Turkey, and Vietnam, arguing they would be among the world's largest economies in the 21st century.[11][12] He later used the term MIKT for Mexico, Indonesia, South Korea, and Turkey,[13][14] and MINT for Mexico, Indonesia, Nigeria, and Turkey.[15]
Other
He retired from the firm in 2013.
House of Lords
In 2015, he was created a
O'Neill sat in the
Personal life
O'Neill is an enthusiastic football fan and played for the Bank of America's first team in London. He is a lifelong follower of Manchester United F.C. and served as a non-executive director from 2004 to 2005, before the club was returned to private ownership.[27] On 2 March 2010, the Red Knights, a group of wealthy Manchester United fans believed to include O'Neill, confirmed interest in a possible takeover of the club.[28]
In 2014, O'Neill was awarded an Honorary
See also
- BRIC
- Emerging markets
- Goldman Sachs
- Manpool
References
- ^ a b "Jim O'Neill, Esq". Debrett's. Retrieved 31 January 2012.
- ^ Kowitt, Beth (17 June 2009). "For Mr. BRIC, nations meeting a milestone". CNNMoney.com. Retrieved 18 June 2009.
- ^ "Independent Review into Antimicrobial Resistance".
- ^ Fletcher, Richard (2 March 2010). "Jim O'Neill: Profile of Manchester United's Red Knight". The Daily Telegraph. Retrieved 31 January 2012.
- ^ a b Lord O’Neill of Gatley - website gov.uk
- ^ Jim O'Neill Bio - website of Goldman Sachs
- ^ "Bio: Who Is Jim O'Neill?". Bloomberg Businessweek. 7 March 2005. Archived from the original on 19 January 2013. Retrieved 26 June 2012.
- ^ a b Noble, Josh (10 September 2010). "Bric Godfather O'Neill gets keys to Goldman's fund chest". beyondbrics. Financial Times. Archived from the original on 1 May 2013. Retrieved 26 June 2012.
- ^ Johnson, Miles; Justin Baer (11 September 2011). "O'Neill heads Goldman division". Financial Times. Retrieved 26 June 2012.
- ^ O'Neill, Jim (30 November 2001). "Building Better Global Economic BRICs" (PDF). Goldman Sachs & Co. Global Economics Paper No. 66 (66). Retrieved 10 December 2013.
- ^ Martin, Eric (7 August 2012). "Goldman Sachs's MIST Topping BRICs as Smaller Markets Outperform". Bloomberg.com. Retrieved 9 September 2020.
- ^ Spence, Peter (13 October 2014). "Beyond the BRICs: the guide to every emerging market acronym". The Daily Telegraph. Archived from the original on 8 December 2023.
- ^ "'Bric' creator adds newcomers to list". Financial Times.
- ^ Ernesto Gallo; Giovanni Biava (3 April 2013). "After the BRICS, is now time for the MIKT?". Alberto Forchielli. Archived from the original on 22 September 2017. Retrieved 21 September 2017.
- ^ Matthew Boesler (13 November 2013). "The Economist Who Invented The BRICs Just Invented A Whole New Group of Countries: The MINTs". Business Insider. Retrieved 21 September 2017.
- ^ Blankfein, Lloyd C.; Cohn, Gary D. (5 February 2013). "Jim O'Neill to retire from Goldman Sachs" (Press release). Goldman Sachs. Archived from the original on 8 February 2013. Retrieved 14 March 2013.
- ^ "IBA - Webcast interview with Jim O'Neill, Chairman of Goldman Sachs Asset Management - transcript".
- ^ "International Advisory Board". cam.ac.uk. Retrieved 21 September 2017.
- ^ "Jim O'Neill: Member of the board". Bruegel. Retrieved 14 March 2013.
- ^ "Internationally focused commission on antimicrobial resistance announced by PM". wellcome.ac.uk. 2 July 2014. Retrieved 3 July 2014.
- ^ "Superbugs – William Hall, Anthony McDonnell, Jim O'Neill - Harvard University Press". hup.harvard.edu.
- ^ "No. 61246". The London Gazette. 3 June 2015. p. 10180.
- ^ "Jim O'Neill gains peerage and ministerial role in treasury team". Retrieved 8 February 2016.
- ^ "Her Majesty's Government". Retrieved 8 February 2016.
- ^ Rob Merrick (23 September 2016). "Treasury minister quits over Northern Powerhouse and China ties". Archived from the original on 8 June 2022. Retrieved 25 September 2016.
- ^ "Lord O'Neill of Gatley: Parliamentary career". MPs and Lords. UK Parliament. Retrieved 20 February 2022.
- ^ "Jim O'Neill's CV". European Private Equity and Venture Capital Association. Archived from the original on 7 January 2011. Retrieved 16 March 2009.
- ^ "Red Knights confirm United takeover plan". RTÉ News. 2 March 2010. Archived from the original on 12 September 2012.
- ^ "World-renowned economist among University's honorary degree recipients". News archive - The University of Sheffield. 18 July 2014. Archived from the original on 22 October 2021.