Nigel Morris

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.

Nigel Morris
BornJune 1958 (age 62)
Billericay, Essex, England
NationalityBritish
EducationLancaster Royal Grammar School
Alma materNorth East London Polytechnic
London Business School
OccupationBusinessman
Known forco-founded Capital One with Richard Fairbank
Net worth£229 million (2002)[1]
TitleManaging partner, QED Investors
Spouse(s)Married
Children4

Early life

Nigel William Morris was born in Billericay, Essex, the son of an army sergeant,[1] in June 1958.[2] He grew up in London.[3]

With an army father, and moving around the country, Morris went to 11 different schools, 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][3] where he is also a Fellow.[4]

Career

Morris is the director of QED Investors,[2] a venture capital firm focused on high-growth companies that leverage the power of data strategies. In addition, he works in an advisory capacity with personalized prepaid debit card provider CARD.com, General Atlantic Partners and Oliver Wyman Consulting. He serves on the board of numerous for-profit companies, including Remitly, Red Ventures, CAN Capital, Media Math, borro, and Prosper.[5] He is also on the boards of National Geographic,[6] ideas42, and the London Business School.

Previously, Morris co-founded Capital One Financial Services in 1994. Under Morris's leadership, Capital One pioneered an information-based strategy that fundamentally transformed the consumer lending industry. Combining advanced statistical marketing techniques with nascent information technologies, the company reduced costs to conventional borrowers, extended capital to overlooked consumers, expanded internationally, and produced extraordinary returns for investors. [7]

During Morris's ten-year tenure, Capital One's net income after taxes (NIAT) grew at a compound annual rate of more than 32%. Over this same decade, earnings per share growth and return on equity both exceeded 20% per year, a financial performance attained by only a handful of American companies. Upon his retirement in 2004, Capital One's 15,000 employees across the United States, Canada and the United Kingdom managed over $80 billion of loans for 50 million customers. Generating over $1.5 billion in earnings, Capital One had successfully transitioned from an emerging start-up into an established public company valued at over $20 billion.

Personal life

Morris lives with his wife and four children in Virginia, US.[3]

References
  1. Cope, Nigel (18 November 2002). "The man from over here doing rather well over there". Independent. Retrieved 10 January 2018.
  2. "Nigel William MORRIS". Companies House. Retrieved 10 January 2018.
  3. "Nigel Morris". QED Investors. Retrieved 10 January 2018.
  4. "Nigel W. Morris: Executive Profile & Biography - Bloomberg". investing.businessweek.com. Archived from the original on 3 October 2013. Retrieved 10 January 2018.
  5. Wack, Kevin (10 June 2014). "Capital One Alum Nigel Morris Joins Prosper's Board". American Banker. Retrieved 10 January 2018.
  6. Burns, Hilary (20 January 2016). "Capital One co-founder Nigel Morris joins AvidXchange's board". Charlotte Business Journal. Retrieved 23 October 2019.
  7. 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.
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