Education
University of California, Santa Cruz.
University of California, Santa Cruz.
In September 2009, after Dresdner Kleinwort was merged into Commerzbank, Commerzbank decided to abandon use of the Dresdner Kleinwort name, although pending legal actions resulting from disputed bonus payments continue to keep the bank in the spotlight) In February 2009, Schiffer founded, a boutique financial advisory firm based in New York City which serves clients in the United States and Europe. Schiffer has been a resident of Summit, New Jersey. Schiffer joined Dresdner Kleinwort in London in 2001 as a Managing Director and Executive Committee member in the Global Debt business.
Shortly after, he moved to the New York office to be Head of Capital Markets, North America, becoming Chief Executive in early 2003.
Under his tenure, he successfully restructured the New York and Latin American businesses from a United States. $300 million loss in 2002 to a Netto operating profit of almost United States. $300 million (on a United States $600 million revenue base in 2006). Craig Schiffer oversaw both the continuing businesses at Dresdner Kleinwort and the Institutional Restructuring Unit, Dresdner’s $9 billion “bad bank” in North America.
Prior to Dresdner Kleinwort, Schiffer headed Nomura International’s European Fixed Income Division, overseeing all of the capital markets and derivative businesses. At Nomura, he led the business to bottom line profitability for the first time ever in fiscal year 1999-2000.
He then took on additional responsibility for Nomura’s proprietary businesses in Europe, which grew considerably under his tenure.
Prior to Nomura, Schiffer spent eighteen and a half years at Lehman Brothers. He served in a variety of management roles in both Fixed Income and Equities. As the Global Head of Equity Derivatives, Schiffer oversaw operations and concentrated on building the business, and before that, Schiffer was the Global Head of Fixed Income Derivatives (1992–1994), where he restructured and took the fixed income derivatives business from a marginal revenue producer and transformed it into one of the most profitable businesses at Lehman Brothers.
Neil Winward left to join EA Markets in October, 2012.
In mid-January, 2013, the broker-dealer, Sevara Capital Markets, was sold to a unit of KKR & Company and Schiffer ceased to be registered with Financial Industry Regulatory Authority.
Schiffer was killed in an avalanche while skiing in Grenoble, France, on December 23, 2014.
He was a member of the European Management Board at Nomura International, responsible for strategy and the daily operations of the European businesses. Along with Neil Winward, most recently a member of Dresdner Kleinwort’s Executive Committee in New York until he left in December 2006, Schiffer started, a boutique investment bank.