Wednesday Jan 10, 2024

026 Roy Swan| mission and money

This is a very interesting talk about capitalism and its evolution from Adam Smith to Milton Friedman to what he terms “patriotic capitalism”.

ROY’S BIO

Roy Swan leads the Ford Foundation’s Mission Investments team, investing $1 billion of the endowment in opportunities that generate financial and social returns in the United States and the Global South. Roy also oversees Ford’s program-related investments and its impact investing grants program, dedicated to expanding and strengthening the impact investing field.

Previously, Roy served as managing director and co-head of Global Sustainable Finance at Morgan Stanley, which committed over $13 billion in community development transactions and also served as president and chief operating officer of Morgan Stanley Trust, and as CEO of Morgan Stanley Impact SBIC. Before Morgan Stanley, Roy was the founding chief investment officer of New York City’s Upper Manhattan Empowerment Zone (UMEZ), a federal initiative designed to bring new resources to distressed urban communities that played a key role in Harlem’s economic rebirth. He also served as CFO at Carver Bancorp, a Harlem-based publicly traded financial institution and the nation’s largest African-American managed bank. Earlier in his career, Roy worked at Skadden Arps, First Boston, JPMorgan, and Time Warner.

He serves on the boards of Dalton School, Parnassus Funds and Varo Money. Roy holds a bachelors from Princeton and a J.D. from Stanford Law School, where he was an editor of the Stanford Law Review.

“In order to have a healthy economy, you need to mind all stakeholders”

“Social responsibility is a misnomer, it’s [paradoxically] culture-driven value creation corporate self-interest”

ROY RELATED LINKS

Ford Foundation

Princeton’s Thrive

Forbes Finance Council

Pensions & Investments OpEd

Discussing ESG on CNBC

GENERAL INFO| TOP OF THE GAME:

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