Jacqueline Reses

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Jacqueline Reses
EducationWharton School of the University of Pennsylvania
OccupationBusiness executive
Known forExecutive Chairman of Square Financial Services
Spouse(s)Matthew Apfel

Jacqueline (Jackie) Reses is an American businesswoman, investor and philanthropist. She is the Executive Chairman of Square Financial Services, the head of Square Capital, and serves on the board of the Federal Reserve Bank of San Francisco.

Early life and education[edit | edit source]

Reses was born in Atlantic City, New Jersey to Ronnie and Stephen Reses. Her father owned Reses Pharmacy in Margate, NJ.[1] In 1988, she graduated from the Peddie School in New Jersey.[2] She attended the Wharton School of the University of Pennsylvania where she earned a Bachelors of Science degree in Economics with honors.[3]

Career[edit | edit source]

Reses began her career at Goldman Sachs, working in the mergers and acquisitions department and later as an investor in the principal investments area between 1992 and 1999.[4][5] Later she served as CEO for iBuilding, Inc., a real estate software business.[6]

After iBuilding’s sale to Realeum Software in 2001,[7] Reses joined Apax Partners, a private equity firm with headquarters in London, England, where she founded the firm’s U.S. media group.[8] At Apax, Reses served on the boards of Cengage Learning, Intelsat, HIT Entertainment and NEP Broadcasting.[6]

In 2012, Reses joined Yahoo! as Executive Vice President of people and development, leading hiring and HR for the company.[6] That same year, she was appointed to the board of directors of the Alibaba Group, where she helped lead Alibaba’s IPO in September 2014.[9][10] As Chief Development Officer at Yahoo!, Reses lead forty-one transactions between 2012 and 2014.[11]

In October 2015, Reses joined Square, Inc. to head Square Capital, the company’s start-up small-business lending program.[12]

Boards[edit | edit source]

Reses served on the Board of Trustees and Investment Committee for Peddie School and the Investment Committee for Brearley School in New York. She has also served on the boards of Baby Buggy, Citymeals-on-Wheels, and Springboard Enterprises, a non-profit networking platform for businesswomen.[13]

As of 2020, Reses served on the boards of NPR and the Wharton School of the University of Pennsylvania.[14][5]

Reses has served on the Economic Advisory Council of the Federal Reserve Bank of San Francisco since 2015.[3] In July 2020, she joined the board of Pershing Square Tontine Holdings, a special-purpose acquisition company.[15]

Personal life[edit | edit source]

Reses lives with her husband, Matthew Apfel, and their three children in Woodside, California.[16]

References[edit | edit source]

  1. "Jacqueline Reses To Wed This Year". NYTimes. 3 February 1991. Retrieved 4 October 2020.
  2. "Jackie Reses '88 and Other Business Leaders are Steering California's Economic Recovery". Peddie Chronicle. Retrieved 3 October 2020.
  3. 3.0 3.1 Scholars, Rob (31 March 2015). "Jacqueline D. Reses joins Federal Reserve Bank of San Francisco's Economic Advisory Council". Federal Reserve Bank of San Francisco. Retrieved 3 October 2020.
  4. Cohan, William (6 July 2020). "In Bill Ackman's New Megadeal, a Cut for Minority-Owned Wall Street Players". Vanity Fair. Retrieved 1 October 2020.
  5. 5.0 5.1 Rojo, Hugo (7 November 2016). "Square Capital's Jacqueline Reses Elected To NPR Board Of Directors". NPR.org. Retrieved 1 October 2020.
  6. 6.0 6.1 6.2 Rao, Leena (5 September 2012). "Yahoo CEO Marissa Mayer's Newest Hire: Jacqueline Reses, EVP Of HR And Talent Acquisition". TechCrunch. Retrieved 1 October 2020.
  7. "Jacqueline Reses, Capital Lead of Square, to Keynote 2016 Wharton MBA Program for Executives Graduation at Wharton, San Francisco". Wharton News. 13 April 2016. Retrieved 4 October 2020.
  8. "Most Powerful Women: Jacqueline Reses". Crain's New York Businesss. Retrieved 4 October 2020.
  9. Shu, Catherine; Lunden, Ingrid (5 December 2012). "Yahoo's Not Quite Done With Alibaba: Its People Person Jacqueline Reses Just Joined The Board". TechCrunch. Retrieved 1 October 2020.
  10. Bort, Julie (19 September 2014). "The Woman Who Protected Yahoo's $27 Billion Windfall From Alibaba Cried With Joy Last Night". Business Insider. Retrieved 1 October 2020.
  11. Bort, Julie (16 July 2014). "Yahoo Has Bought 41 Companies In Two Years: This Is How It Decides Who To Buy, What To Pay". Business Insider. Retrieved 1 October 2020.
  12. Minaya, Ezequiel; MacMillan, Douglas (19 October 2015). "Square Names Yahoo's Jackie Reses to Head Its Lending Business". WSJ. Retrieved 1 October 2020.
  13. "Jacqueline D. Reses, Head of Square Capital & CHRO, Square". American Banker. Retrieved 4 October 2020.
  14. Wylie, Melissa (3 December 2015). "Square executive joins board of this mobile startup". BisJournals.com. Retrieved 4 October 2020.
  15. Squire, Kenneth (22 July 2020). "Bill Ackman and Tontine Holdings rewrite the terms for SPACs". CNBC. Retrieved 3 October 2020.
  16. "Meet the Trustees". Peddie Chronicle. Spring 2011. Retrieved 4 October 2020.
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