Harvey M. Krueger
Harvey Mark Krueger | |
|---|---|
| Born | 16 April 1929 Hackensack, New Jersey, U.S. |
| Died | 23 April 2017 (aged 88) Manhattan, New York City, U.S. |
| Occupation(s) | Investment banker, executive |
| Known for | CEO and president of Kuhn, Loeb & Co.; pioneering Israel's entry into global capital markets; vice chairman at Lehman Brothers and Barclays |
Harvey Mark Krueger (April 16, 1929 – April 23, 2017) was a prominent American investment banker and former chief executive officer and president of Kuhn, Loeb & Co.. He is noted for pioneering the entry of Israel into global capital markets and was instrumental in the 1977 consolidation of Kuhn, Loeb & Co. with Lehman Brothers. Krueger also held the position of vice chairman at both Lehman Brothers and Barclays.
Early life and education
Krueger was born in Hackensack, New Jersey as the oldest child of Isador and Isabel Krueger, descending from Eastern European immigrants. He completed his undergraduate studies at Columbia College in 1951, followed by earning a law degree from Columbia Law School in 1953.
Career
Starting his professional journey at Cravath, Swaine and Moore, Krueger worked there until 1959 before moving to Kuhn, Loeb & Co.. He became a partner in 1965, took charge of corporate finance by 1970, and ascended to CEO in 1976. In 1961, he founded the firm's office in Israel and significantly contributed to financing Israeli enterprises such as Teva Pharmaceutical Industries Ltd., recognized as the largest generic drug manufacturer worldwide. His underwriting of Teva’s initial public offering in 1987 represented the first institutional investment into Israeli equities. Krueger is acknowledged for facilitating Israeli companies’ access to Wall Street and for attracting Israeli professionals to the financial industry.
During his tenure as CEO of Kuhn Loeb, he masterminded its merger with Lehman Brothers in 1977, resulting in a leading international securities firm. Subsequently, Krueger served as senior managing director and vice chairman at Lehman Brothers, playing a key role amid leadership challenges during the early 1980s. Following Lehman’s bankruptcy in 2008 and its acquisition by Barclays Plc, he assumed the role of vice chairman at Barclays.
In addition to his corporate career, Krueger was deeply involved in philanthropy. He chaired the boards of Hebrew University of Jerusalem from 1983 to 1992 and Tel Aviv University between 2010 and 2012. He also supported institutions like the Beit Hatfutsot and the Peres Center for Peace. Furthermore, he led the board of the Cooper Hewitt, Smithsonian Design Museum from 1996 until 2000.
Personal life
Krueger was married to Constance Alexander Krueger, with whom he had four children. Their daughter, Liz Krueger, serves as a member of the New York State Senate, representing Manhattan’s District 28.
He passed away at his residence in Manhattan on April 23, 2017, aged 88.