Seth H. Waugh is American businessman, who is best known to the world as former CEO of Deutsche Bank Americas, a position he held from 2000 to 2013, but he has also held a number of other positions, including an 11-year tenure at Merrill Lynch in a variety of capacities in the Fixed Income Division, among many other endeavors.
Have you ever wondered how rich Seth Waugh is, as of mid- 2017? According to authoritative sources, it has been estimated that Seth Waugh’s net worth is as high as $80 million, an amount earned through his successful career in business and particularly finance, which has been active since the ‘80s.
Seth Waugh Net Worth $80 Million
A native of Ayer, Massachusetts, after high school matriculation Seth enrolled at Amherst College, and after his education ended, Seth was holding two degrees; he obtained Bachelor of Arts degrees in Economics and English.
Soon after college graduation, Seth commenced his career by joining Quantitative Financial Strategies, Inc., a hedge fund, and was soon to become the fund’s Chief Executive Officer. He then left his position to join Merrill Lynch Wealth Management, and over the next 11 years he held several notable positions in the company, including roles in the fixed income division, and also served as its Senior Vice President and Co-Head of Global Debt Markets, which only increased his net worth.
Then in 2000, Seth became a part of the Deutsche Bank Americas, and during his 13-year tenure became the main person responsible for bank’s successful expansion in the USA. He gradually moved through and up in the ranks, serving in several capacities including Regional Head of Global Markets and Equities, and Vice Chairman of the Americas Executive Committee, which were one of his earliest seats, and eventually assumed the position of CEO of Deutsche Bank Americas, and Chairman of the Americas Executive Committee.
Seth Waugh’s tenure in the bank ended in 2013, but that didn’t leave him unemployed, as he soon found his next place at Florida East Coast Industries, LLC as its Vice Chairman. Most recently he became non-executive chairman of Alex. Brown which is a part of Raymond James, a financial service firm, with focus on financial planning. This position has also improved his wealth.
Regarding his personal life, Seth is married to Sheila Clancy Waugh, with whom he has a son, Clancy, who is a student of the Wake Forest University and is a part of its golf team.
Seth is also known for his philanthropic endeavors; he has been on the boards of numerous organizations, including Multiple Sclerosis Society of Greater New York, then Harlem Village Academies, and YMCA of Greater New York, and is on the board of trustees of such educational institutions as Lawrenceville School in New Jersey, and Wake Forest University.
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