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Robert P. McDonald joined the American Red Cross in March 2003, after a 33 year banking career with Chase Manhattan and Standard Chartered, in London and New York.
McDonald joined Chase in 1970 following the completion of an MBA in international finance at George Washington University the previous year. Upon graduating from the global credit training program in 1971, he was assigned to cover the former Soviet Union and Eastern Europe from New York.
In 1974, McDonald was transferred to London into Chase’s Merchant Banking subsidiary, Chase Manhattan Limited (CML). Over a nine-year period, he covered such diverse territories as Scandinavia, Benelux, Iran and English-speaking Africa regarding international capital markets and his specialty, syndicated lending.
He was elected Executive Director and board member of CML in 1981. In 1983, he authored International Syndicated Loans, published by Euromoney Publications in London, with over 6,000 copies sold in three printings. It became the largest selling text of its kind in the Euro-markets.
McDonald returned to New York at the beginning of 1984 to start-up Chase’s Latin Investment Bank, a position he grew into a significant business. In 1990, he ran Chase’s middle market and not-for-profit business in Manhattan, an assignment that sparked his interest in a future public service career.
Later in the year, McDonald joined Standard Chartered, a London headquartered bank with a substantial emerging markets franchise in the Asia Pacific Region, India, and Africa. Working in the New York office covering merchant banking transitions, he became Chief Executive Officer of the North American operations in 1996, a position from which he retired in 2002. During his tenure at Standard Chartered, the bank became one of the principal dollar clearing institutions with volume exceeding $60 billion per day. | 