A Conversation with Jimmy Dunne, Senior Managing Principal, Sandler O’Neil LLP
"A Catholic Perspective on Ethics in the Executive Suite" - March 30, 2010
When the South Tower was destroyed on 9/11, Sandler O’Neill LLP lost its two founding partners, 66 more people and all of its records. Hear how Jimmy Dunne assumed a leadership role and rebuilt the firm against all odds. What ethical issued did he face then? Now?
Jimmy Dunne is Senior Managing Principal of Sandler O’Neill + Partners, L.P., and heads the firm’s Executive Committee. He co-founded Sandler O’Neill in 1988 with the senior management team of Bear Stearns’ Financial Services Group. Today, Sandler O’Neill is the largest independent full-service investment banking firm focused on the financial services sector.
On September 11, 2001, Sandler O’Neill lost 66 of its 171 partners and employees in the World Trade Center attacks, including Herman Sandler and Chris Quackenbush, two of the three executives who ran the firm. Mr. Dunne, who had been Managing Principal with responsibility for all aspects of the day-to-day operations, spearheaded the firm’s recovery process and set the tone for its determination to succeed. Currently, Sandler O’Neill employs about 300 professionals in its various business units, is a market maker for approximately 425 financial stocks, and writes research on more than 260 companies.