Daniel P. Tully
Daniel P. Tully | |
|---|---|
| Born | January 2, 1932 |
| Died | May 10, 2016 (aged 84) Darien, Connecticut, United States |
| Education | St. John's University |
| Occupation | Business executive |
| Known for | CEO of Merrill Lynch from 1992 to 1997 |
| Spouse | Grace Tully |
| Children | 3 |
Daniel P. Tully (1932–2016) was an American business executive who served as the chief executive officer (CEO) of Merrill Lynch from 1992 to 1997.[1][2]
Biography
Born on January 2, 1932, in Queens, New York, Tully studied accounting at St. John's University and subsequently served two years in the United States Army.[3] He joined Merrill Lynch in 1955 as a trainee, later became a major broker based in Stamford, Connecticut.[4]
In 1985, Tully was appointed president and COO of Merrill Lynch, assuming the role of CEO in 1992 and chairman in 1993.[4][5] During his tenure, Merrill Lynch expanded its global operations and increased its focus on investment banking.[4][1] However, it also faced challenges, notably the 1994 bankruptcy of Orange County, California, which resulted in a $437 million settlement due to Merrill Lynch's advisory role.[4][1]
After retiring from Merrill Lynch in 1997, Tully co-founded Fieldpoint Private Bank and Trust in 2008.[1]
References
- ^ a b c d "Daniel P. Tully". Bloomberg. Retrieved 28 February 2025.
- ^ "Daniel Tully, Merrill Lynch ex-CEO torn by the firm's fate, dies at 84". Investment News. May 11, 2016.
- ^ "Daniel P. Tully - Leadership - Harvard Business School". www.hbs.edu. Retrieved 28 February 2025.
- ^ a b c d Jr, Landon Thomas (May 14, 2016). "Daniel P. Tully Dies at 84; Led Merrill Lynch in Its Halcyon '90s". Retrieved 28 February 2025 – via NYTimes.com.
- ^ Archives, L. A. Times (July 23, 1985). "Merrill Lynch Taps Tully as President". Los Angeles Times. Retrieved 28 February 2025.