Deryck Maughan

Sir Deryck Charles Maughan (born 20 December 1947) is an English businessman.

Early life Maughan was born in Consett, County Durham to a working class family. His father worked as a coal miner. He moved with his parents to Richmond, North Yorkshire, where they managed the Fleece Hotel. He attended Richmond Grammar School.

Maughan won a scholarship and studied sociology and geography at King's College London. It was here then Maughan made his reputation, as Solomon Brothers Asia grew into one of the top five securities firms in Japan, eventually accounting for 15 to 20 percent of Salomon Brothers profits.

Following a corporate scandal, acting-chairman and largest shareholder Warren Buffett promoted Maughan to chairman and CEO of Salomon Brothers from 1992 to 1997.

Buffett has latterly been ebullient in his praise of Maughan, describing him as "my smartest hire".

During his tenure at Salomon Brothers, Maughan was profiled in New York Magazine as ""investment banking's Hamlet", boasting and optimistic and yet curiously passive and melancholic."

Maughan served as vice-chairman of the New York Stock Exchange from 1996 to 2000.

Maughan became Vice Chairman of Citigroup and CEO of Citigroup International from 1998 to 2004.

From 2005 Maughan was the chairman of the Asian subsidiary of Kohlberg Kravis Roberts & Co.

Maughan was appointed a director of BlackRock in 2006. He also served as a director of GlaxoSmithKline from 2004 to 2016

Maughan retired in 2019.

Personal life Deryck Maughan married Lorraine V Hannemann, the sister of Mufi Hannemann, in Hawaii in 1981.

Maughan is a Trustee of the British Museum and serves on an Advisory Council at Stanford University. He has also served as a Trustee of Lincoln Center, Carnegie Hall and NYU Langone Medical Center. The Maughan Library of King's College is named after him.

Honours Maughan was knighted by Her Majesty the Queen in 2002 for his contribution to British interests in the United States.