Nigel Morris
British businessman (born 1958)
From Wikipedia, the free encyclopedia
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.
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Nigel Morris | |
|---|---|
Morris in 2023 | |
| Born | June 1958 (age 67) 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
Nigel 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
Morris 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[9] 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.[10] 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.[9]
In 2007 Morris founded QED Investors with CIO Frank Rotman.[11] QED is a venture capital firm focused on high-growth financial technology companies.[12] 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.[13] He is also on the boards of National Geographic,[14] 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.[15][16]