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Nigel Morris

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Nigel Morris
Morris in 2023
BornJune 1958 (age 66)
Billericay, Essex, England
EducationLancaster Royal Grammar School
Alma materNorth East London Polytechnic
London Business School
OccupationBusinessman
Known forco-founded Capital One with Richard Fairbank
TitleManaging partner, QED Investors
Board member ofSwansea City Football Club
London Business School
National Geographic
Remitly
Children4

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.

Early life

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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

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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]

Personal life

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Morris lives in the United States with his wife and four children in Virginia.[6] He is a Tottenham Hotspur fan.[17] He purchased St Michael's Church in Llanffestiniog, the village where his mother grew up, married, and where they are both buried.[4][4]

References

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  1. ^ a b c Cope, Nigel (18 November 2002). "The man from over here doing rather well over there". Independent. Archived from the original on 20 June 2022. Retrieved 10 January 2018.
  2. ^ "Nigel William MORRIS". Companies House. Retrieved 10 January 2018.
  3. ^ a b Miguel Armaza (19 November 2024). Nigel Morris, QED and Capital One Co-Founder - Transforming Financial Services for a Billion People. Retrieved 23 December 2024 – via YouTube.
  4. ^ a b c Morris, Martin (2004). "Obituary - Life of a caring soldier; Martin Morris remembers his father, Herbert (above), who has died aged 70". The Free Library. Archived from the original on 24 December 2024. Retrieved 24 December 2024.
  5. ^ a b Elizabeth Day (16 August 2023). "How to Fail with Elizabeth Day" (Podcast). Sony Music Entertainment. Retrieved 24 December 2024.
  6. ^ a b c "Nigel Morris". QED Investors. Retrieved 10 January 2018.
  7. ^ "Nigel W. Morris: Executive Profile & Biography - Bloomberg". investing.businessweek.com. Archived from the original on 3 October 2013. Retrieved 10 January 2018.
  8. ^ a b c "Asking Nigel Morris of Capital One, "What's in your Wallet?"". Startup Grind. Retrieved 23 December 2024.
  9. ^ a b "Asking Nigel Morris of Capital One, "What's in your Wallet?"". Startup Grind. Retrieved 23 December 2024.
  10. ^ 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.
  11. ^ Azevedo, Mary Ann (14 September 2021). "QED Investors closes on $1.05B across two funds to invest in fintech companies globally". TechCrunch. Retrieved 15 April 2024.
  12. ^ "Home | QED Investors". www.qedinvestors.com. Retrieved 15 April 2024.
  13. ^ Wack, Kevin (10 June 2014). "Capital One Alum Nigel Morris Joins Prosper's Board". American Banker. Retrieved 10 January 2018.
  14. ^ Burns, Hilary (20 January 2016). "Capital One co-founder Nigel Morris joins AvidXchange's board". Charlotte Business Journal. Retrieved 23 October 2019.
  15. ^ "Nigel Morris joins Swansea City board after investment". BBC Sport. 12 June 2023. Retrieved 23 December 2024.
  16. ^ "Ownership statement". Swansea City. Retrieved 22 June 2023.
  17. ^ "🎧The Fintech OG Series: Frank Rotman and Nigel Morris". This Week in Fintech. 26 March 2024. Retrieved 23 December 2024.
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