$80 Million

Seth H. Waugh Biography

Seth H. Waugh, an American businessman renowned for his former role as CEO of Deutsche Bank Americas from 2000 to 2013, boasts a net worth estimated at $80 million as of mid-2017. His wealth has been amassed through a successful career in business, particularly finance, spanning since the 1980s.

Net Worth: $80 Million

Born in Ayer, Massachusetts, Waugh pursued higher education at Amherst College, obtaining Bachelor of Arts degrees in Economics and English.

His professional journey commenced at Quantitative Financial Strategies, Inc., where he ascended to the role of Chief Executive Officer. Waugh then joined Merrill Lynch Wealth Management, holding key positions over 11 years, which notably included roles in the fixed income division. Subsequently, he became part of Deutsche Bank Americas, contributing significantly to the bank’s successful expansion in the USA over 13 years. Waugh’s career at the bank culminated in him assuming the position of CEO, and Chairman of the Americas Executive Committee.

Following his tenure at Deutsche Bank Americas, Waugh joined Florida East Coast Industries, LLC as its Vice Chairman. More recently, he has become the non-executive chairman of Alex. Brown, a financial service firm under Raymond James, specializing in financial planning.

Waugh is married to Sheila Clancy Waugh, and they have a son named Clancy, who is a member of the golf team at Wake Forest University.

Beyond his professional and personal life, Waugh is actively involved in philanthropy, having served on the boards of numerous organizations such as the Multiple Sclerosis Society of Greater New York, Harlem Village Academies, YMCA of Greater New York, as well as being a trustee of educational institutions including Lawrenceville School in New Jersey and Wake Forest University.

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