Delegates of the Dialogue: Michael Creegan
We are back with our Delegates of the Dialogue articles. This week we feature Michael Creegan. Currently he is working for the Private Banking Department at Citi. Michael studied until 2013 at the Northeastern University. Finishing with achieving his degree in International Business/Finance. In 2013 he visited 17th World Business Dialogue as a delegate.
What is your favourite anecdote, that happened during the WBD?
You had great speakers that brought diverse perspectives. I think it is important to be able to bring in people from several different areas to have the best dialogue possible. The dialogue brought in people from several different countries, backgrounds, and had great events that made us communicate with each other and understand important issues from a completely different point of view. It is very easy to surround yourself with people that are similar to you and therefore have similar outlooks / opinions on important topics. Hearing someone from a completely different industry or different area of the same industry can really help you understand how to think about the big picture. This also helps me in particular as I work with clients from several different backgrounds and countries and have to be able to adapt and understand their individual needs even though their communication style/cultural
“Hearing someone from a completely different industry or different area of the same industry can really help you understand how to think about the big pictur”
Are you still in contact with others from that time – what’s your connection to them?
I met amazing people at the WBD that I still keep in contact with today. After the event, I went to Berlin to stay with a friend I made during the dialogue and was able to see a lot of the city. I visited right after the event with another participant from New Zealand. I have had my friend Sunny visit me in New York several times and I have been to Berlin, Frankfurt, Dubai, and Tokyo to visit people I met during the conference. I was also able to refer people I met at this conference to the Harvard Project For Asian and International Relations (HPAIR) within the business, security, and entrepreneurship panels in 2013 and 2014.
“(…)I have been to Berlin, Frankfurt, Dubai, and Tokyo to visit people I met during the conference.”
Did the conference impact your career path?
I believe the conference did affect my career path. I was unsure if I should go into the foreign service as a US foreign service officer at the time of the conference. This is why I studied and worked in Mexico for 3 years. I ultimately decided to pursue a career in finance after meeting with the US diplomat in residence and weighing what I ultimately wanted to achieve – I am very motivated by a meritocracy rather than a bureaucratic environment.
Could you generate value through your participation?
Definitely. I have worked domestically and internationally at startups and global corporations. I took the opportunity to try everything out to learn what I did not want to do. I believe it is important to communicate to people starting out in the careers that they should have a diverse background of experiences; including internships, travel, and education. However, it is also important to remember that it is very difficult to break into some careers without the right network (that you have to build early) or timing (which means you would have to decide early as well). In the Private Bank, it is very difficult to break in if you do not decide earlier in life as you have several barriers preventing entry i.e. professional licensing, competition, internal candidates, lack of training for sales / financial products
“(…)it is also important to remember that it is very difficult to break into some careers without the right network or timing.”
What are you doing nowadays?
I deliver wealth management services to Ultra High Net Worth clients primarily in the New York metro area; however, I have a global client base. This includes executing client transactions for banking, credit, and investment products, coordinating account maintenance including address changes and telephone number updates, and proactively arranging and participating in client visits. I currently manage a combined net worth of $26B with annualized net revenue of $20MM. I am responsible for driving marketing and execution of deals in coordination with senior bankers, relationship associates, and product/investment partners. Deal flow including: FX, high grade debt, bank loans, CDS, equity, certificate of deposits, time deposits, commercial paper, and medium term notes. I create of sales and marketing strategies to generate revenue growth and acquire new target clients focusing on succession planning and inorganic growth using: seller financing, asset based financing, and M&A loans, etc…
How do you feel when thinking back about your time in Cologne?
I loved it and know that I need to go back! Great to try to beer as well!
Author: Michael Creegan
Michael is a Wealth Manager, working for the private bank Citi in the New York metro area. He deliveres his services to Ultra High Net worth clients, managing a combined net worth of $26B. After studying at Northeastern University and the Fundación Universidad de las Américas Puebla in the field of International Business, Michael worked for Bloomberg from 2013 until 2015. He visited the World Business Dialogue as a Delegate in 2013 participating at the 17th conference.