John Wylie (businessman)

John Wylie AM[1] (born 1961)[2] is a leading Australian investment banker. He was previously managing director and Head of Corporate Advisory of Lazard and Chair of the Melbourne Cricket Ground Trust. He is Chairman of the Australian Sports Commission, and President of the State Library of Victoria Board.

Personal

Wylie was born in Brisbane, Queensland in 1961.[2] His parents are Rodney and Nerida Wylie.[2] He is married to Monaco born Myriam Boisbouvier and they have four sons.[2] In 2011, his wife was appointed France's honorary consul in Victoria.[3] He attended Brisbane Boys College. He holds a Bachelor of Commerce with first class honours from University of Queensland.[2][3] In 1983, he was a Rhodes Scholar and completed a Master of Philosophy at Balliol College, Oxford University.[3]

Business

After completing his Rhodes Scholarship, he took up a position with First Boston in New York.[3] He moved to Melbourne in 1991 with First Boston that later became Credit Suisse First Boston / Credit Suisse.[3] He was managing director of Credit Suisse First Boston between 1994 and 1999.[2] Major financial projects that he worked on included the privatisation of Qantas and Victorian Government's sell down of its power industry between 1993 and 1999.[3] It has been stated that power industry sale project made his career as it resulted in $14 billion more than initial revenue projections.[3]

In 2000, Wylie with Mark Carnegie, he formed Carnegie Wylie.[3] In 2007, the business was acquired by Lazard.[3] In 2013, he was the managing director of Lazard in Australia. Wylie's advice has been sought by significant companies including BHP Billiton, Telstra, Coles Myer, Transurban and Toll Holdings.[3] He stepped down as head of Lazard Advisory in Australia at the end of 2014.[4]

Sport

Wylie was Chairman of the Melbourne Cricket Ground Trust from 1998 to March 2013.[5] In 1999, he negotiated a deal where MCG received $5 million a year from the Australian Football League for 30 years.[6] From 2001 to 2006, as chairman, he oversaw the Ground's $465 million redevelopment for the Melbourne 2006 Commonwealth Games[6] In September 2012, he was appointed Chairman of the Australian Sports Commission (ASC) taking over from Warwick Smith.[7] In announcing his appointment, Senator Kate Lundy said ""John has extensive experience in Australia's corporate and sport sectors and I know he will ably steer the board and oversee the continued growth of sport in Australia."[7] In November 2012, he announced a new elite sport strategy for Australian sport called Winning Edge 2012–2022.[8] Greg Hunt, Minister for Sport announced in March 2017 that Wylie has been reappointed as chairman until September 2020. In announcing the reappointment, Hunt said "During his tenure he has overseen an impressive reform agenda of the ASC and the Australian Institute of Sport through the implementation of the high performance strategy, Australia's Winning Edge 2012–2022 and the companion strategy for participation, Play.Sport.Australia".[9]

Wylie's passion for sport also includes playing cricket and marathon running, accredited cricket coach, coaching his sons' cricket team, attending Caulfield Bears junior football club games, Chairman of the Victorian Olympic Council Foundation Committee and Deputy President of Melbourne Stars.[3] He is a Collingwood Football Club supporter.[3]

Community

Besides his sport appointments, he was Honorary Treasurer of the Florey Neurosciences Institutes between 2007 and 2009.[2] In May 2012, he replaced John Cain as President of the Library Board of Victoria.[10] He is a Trustee of the Global Rhodes Trust.[3]

In 2006, Wylie walked the Kokoda Trail with a group called "Once Were Warriors". Members of the group included prominent Australians Simon Crean, Ron Barassi, Paul Little and John Bertrand.[3]

In 2007, he was awarded Member of the Order of Australia (AM) for services to the investment banking and financial services industry, and to the community through sporting and medical organisations.[1]

In January 2015, it was announced that Wylie and his wife had donated $5 million to the University of Melbourne to establish a professorship of Australian literature.[11]

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References
  1. "John M R Wylie". It's an Honour Website. Retrieved 7 February 2013.
  2. Who's who in Australia. Melbourne: Crown Content. 2011.
  3. Kitney, John (16 September 2011). "The". The Australian. Retrieved 7 February 2013.
  4. Durie, John (11 December 2014). "Changing of M&A guard as John Wylie farewells Lazard". The Australian. Retrieved 7 February 2015.
  5. "Melbourne Cricket Ground Trust. Annual report 2012-13 p. 2" (PDF). Retrieved 7 February 2015.
  6. Maiden, Malcolm (13 May 2006). "Respected deal maker lives the life of Wylie". The Age. Retrieved 7 February 2013.
  7. Lane, Sam (12 September 2012). "Wylie takes on key sports role". The Age. Retrieved 7 February 2013.
  8. "AIS gains $20 million in shakep". Australian Broadcasting Corporation News, 30 November 2012. Retrieved 7 February 2013.
  9. "John Wylie reappointed as Australian Sports Commission Chair". Department of Health. Retrieved 15 March 2017.
  10. "John Wylie named 23rd President of the Library Board of Victoria". State Library of Victoria News. Retrieved 7 February 2013.
  11. Steger, Jason (22 January 2015). "Melbourne couple John Wylie and Myriam Boisbouvier-Wylie give Australian literature a $5 million boost". The Sydney morning herald. Retrieved 7 February 2015.
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