Nigel William Morris (born June 1958) is a British businessman. He is the managing partner of QED Investors and co-founded Capital One Financial Services with Richard Fairbank. He is also part of the ownership group of Welsh football club Swansea City.
Nigel Morris | |
|---|---|
.jpg) Morris in 2023 | |
| Born | June 1958 (age 67–68) Billericay, Essex, England |
| Education | Lancaster Royal Grammar School |
| Alma mater | North East London Polytechnic London Business School |
| Occupation | Businessman |
| Known for | co-founded Capital One with Richard Fairbank |
| Title | Managing partner, QED Investors |
Board member of | Swansea City Football Club London Business School National Geographic Remitly |
| Children | 4 |
Early life
editNigel William Morris was born in Billericay, Essex, the son of an army sergeant,[1] in June 1958.[2] He came from a working-class Welsh family: his mother was a fluent Welsh speaker from Blaenau Ffestiniog[3] and his father was born in Essex to a family from Port Talbot.[4][5] Morris grew up in Essex.[6]
With an army father, and moving around the country, Morris went to 11 different schools,[5] ending up at Lancaster Royal Grammar School.[1] Morris earned a bachelor's degree in psychology from North East London Polytechnic, followed by an MBA from London Business School,[1][6] where he is also a Fellow.[7]
Career
editMorris moved to Philadelphia in the 1980s where he met his future co-founder Rich Fairbank.[8] They worked for Strategic Planning Associates[3] (now known as Mercer Consulting) where they formed the company's banking function, focussed on the credit card industry.[8] He moved to Signet Bank[8] to focus on credit, but faced resistance to attempts to expand into the Canadian market, spurring him to start his own business.[8]
Established in 1994 spun out of Signet Financial Corp, Morris co-founded and served as Chief Operating Officer of Capital One Financial Services.[9] During Morris's ten-year tenure while he served as president, Capital One's net income after taxes (NIAT) grew at a compound annual rate of more than 32%.[citation needed] He left the bank in 2004, shifting to venture capital investing.[8]
In 2007 Morris founded QED Investors with CIO Frank Rotman.[10] QED is a venture capital firm focused on high-growth financial technology companies.[11] In addition, he works in an advisory capacity with personalized prepaid debit card provider CARD.com, General Atlantic Partners and Oliver Wyman Consulting.[citation needed] He is on the board of for-profit companies, including Mission Lane, Remitly, Red Ventures, CAN Capital, Media Math, borro, and Prosper.[12] He is also on the boards of National Geographic,[13] ideas42, and the London Business School.[citation needed]
In 2023, Morris joined Swansea City's ownership group, joining the board and investing a reported £10m in return for a shareholding in the club of 19.42 per cent.[14][15]
Personal life
editReferences
edit- 1 2 3 Cope, Nigel (18 November 2002). "The man from over here doing rather well over there". Independent. Archived from the original on 20 June 2022. Retrieved 10 January 2018.
- ↑ "Nigel William MORRIS". Companies House. Retrieved 10 January 2018.
- 1 2 Miguel Armaza (19 November 2024). Nigel Morris, QED and Capital One Co-Founder - Transforming Financial Services for a Billion People. Retrieved 23 December 2024 – via YouTube.
- 1 2 Morris, Martin (2004). "Obituary - Life of a caring soldier; Martin Morris remembers his father, Herbert (above), who has died aged 70". The Free Library. Archived from the original on 24 December 2024. Retrieved 24 December 2024.
- 1 2 Elizabeth Day (16 August 2023). "How to Fail with Elizabeth Day" (Podcast). Sony Music Entertainment. Retrieved 24 December 2024.
- 1 2 3 "Nigel Morris". QED Investors. Retrieved 10 January 2018.
- ↑ "Nigel W. Morris: Executive Profile & Biography - Bloomberg". investing.businessweek.com. Retrieved 10 January 2018.
{{cite web}}: CS1 maint: deprecated archival service (link) - 1 2 3 4 5 "Asking Nigel Morris of Capital One, "What's in your Wallet?"". Startup Grind. Retrieved 23 December 2024.
- ↑ Botella, Elena (2 October 2019). "I Worked at Capital One for Five Years. This Is How We Justified Piling Debt on Poor Customers". The New Republic. Retrieved 18 October 2019.
- ↑ Azevedo, Mary Ann (14 September 2021). "QED Investors closes on $1.05B across two funds to invest in fintech companies globally". TechCrunch. Retrieved 15 April 2024.
- ↑ "Home | QED Investors". www.qedinvestors.com. Retrieved 15 April 2024.
- ↑ Wack, Kevin (10 June 2014). "Capital One Alum Nigel Morris Joins Prosper's Board". American Banker. Retrieved 10 January 2018.
- ↑ Burns, Hilary (20 January 2016). "Capital One co-founder Nigel Morris joins AvidXchange's board". Charlotte Business Journal. Retrieved 23 October 2019.
- ↑ "Nigel Morris joins Swansea City board after investment". BBC Sport. 12 June 2023. Retrieved 23 December 2024.
- ↑ "Ownership statement". Swansea City. Retrieved 22 June 2023.
- ↑ "🎧The Fintech OG Series: Frank Rotman and Nigel Morris". This Week in Fintech. 26 March 2024. Retrieved 23 December 2024.