Business

After leaving the military, Pete joined Lehman Brothers in New York as a Partner and head of the Public Finance Banking division. Under Pete’s tenure, Lehman Brothers provided the financial backing necessary for cities and states to make wholesale improvements in basic infrastructures: airports, roadways, power plants and water systems.

After four years with Lehman Brothers, and its successor firm, Pete felt the irresistible pull of public service, and devoted two years to building the foundation of a campaign and became the Republican nominee for the United States Senate from the state of New Jersey in 1988.

Although he ultimately fell short in a nationally-prominent campaign, it was for a purpose he continues to care deeply about – service to the nation.

In 1989, he joined the strategy consulting firm, Bain & Company, as head of its U.S. consulting practice. Pete led the firm through a complicated transition from the founding leadership to a new generation of managing directors. He prompted the firm’s expansion into the southwestern United States, and sponsored the development of a new business analytic – “Customer Loyalty” – that Fred Reichheld subsequently developed into one of Bain’s signature practices.

The Panel’s efforts were broadly applauded, and in 2000, BENS (Business Executives for National Security) awarded Pete with its prestigious “Eisenhower Award”, given annually to an individual who exhibits unusual leadership in the realm of U.S. National Security.

Among the responsibilities Pete had during his time at Citi, and its predecessor companies, was to expand the Wealth Management franchises in Monaco, and in the Gulf States. In the course of doing so, he worked with Prince Albert, and co-hosted with the Prince the annual Monaco “Top Marques” exhibition. His work in the Gulf States was concentrated in Kuwait, Qatar, and Abu Dhabi. In addition to his Wealth Management activities there, he served as the American Co-Chairman of the America-Kuwaiti Alliance, with the Emir’s eldest son as the Kuwaiti Co-Chairman.

Pete completed his tenure at Citi as Vice Chairman of the Global Wealth Management business, where he worked alongside many of the bank’s highest net worth clients.

Today, Pete serves as Senior Advisor to Virtu Financial, a leading electronic trading firm and market maker, active in virtually all the global exchanges and electronic marketplaces worldwide.