Michael McClintock, Macquarie Managing Director, Dies at 55Laurence Arnold
Michael McClintock, a Harvard Business School graduate who built a 30-year career advising financial institutions, most recently as a senior managing director in New York for Macquarie Group Ltd., Australia’s biggest investment bank, has died. He was 55.
He died on June 2 at his home in Larchmont, New York, from cardiac arrest after exercising, his wife, Cynthia McClintock, said yesterday in an interview. An avid skier, biker and golfer, he completed the Jarden Westchester Triathlon, his first Olympic-length triathlon, in September, with a time of just under 3 hours, 56 minutes for the swimming, bicycling and running event.
McClintock joined Macquarie’s principal investment unit, Macquarie Capital, in 2011. As part of the firm’s Financial Institutions Group, he focused on working with small- and mid-capitalization banks and thrifts.
McClintock’s previous employers included FBR Capital Markets and CIBC Capital Markets Corp., the merchant bank of Canadian Imperial Bank of Commerce.
One area of expertise was bank mergers and acquisitions spurred by the Federal Deposit Insurance Corp. While at FBR Capital, he helped two buyers of troubled banks, NBH Holdings Corp. and North American Financial Holdings Inc. (now Capital Bank Financial Corp.), raise money with initial public offerings, Bloomberg News reported in 2011.
“Mike was truly one of the good guys in our business,” Rob Redmond, head of Macquarie Capital for the U.S. and Latin America, said yesterday in a statement provided by the company.
“Those of us who had the privilege of working with him will never forget him,” Redmond said. “Mike will be remembered for his smile and friendly demeanor around the office. Our thoughts are with his family at this difficult time.”
McClintock also was chairman of the Merchants Bank of Rugby in North Dakota, a family business since his great-grandfather, William D. McClintock, established it in 1897.
A 1980 graduate of Dartmouth College, in Hanover, New Hampshire, McClintock was a past president of its Class Officers Association, which fosters ties between alumni and the college. In 2009, he helped arrange for outgoing Dartmouth president James Wright to throw out the first pitch at a Red Sox game at Boston’s Fenway Park.
A father of three, he tried not to let his work keep him from his children’s athletic games, concerts and other important events at home.
“He was able to make family his highest priority when he wasn’t pursuing the extensive travel schedule his job demanded,” Cynthia McClintock said.
Michael Robert McClintock was born on Aug. 20, 1957, in Minneapolis, one of six children of the former Aileen McHugh and George D. McClintock, a onetime managing partner of the law firm Faegre & Benson LLP, who died in 2012.
He graduated from the Blake School in Hopkins, Minnesota, in 1976, and studied history at Dartmouth. For his senior honors thesis, he put his Eagle Scout skills to work by canoeing the major trade route from Saskatchewan to Lake Superior during a three-month span with three classmates.
After college, he entered J.P. Morgan & Co.’s training program and spent four years there before entering Harvard Business School, earning his master’s in business administration in 1986.
He worked in New York at Merrill Lynch & Co. and then at Oppenheimer & Co., where he remained after its 1997 acquisition by Canadian Imperial Bank of Commerce. He was co-head of the Financial Institutions Group at Advest Inc. from 2002 to 2004 and managing director of the Financial Institutions Group at FBR Capital Markets from 2004 until he joined Macquarie.
McClintock and his wife, the former Cynthia Crowley, met as first-year students at Harvard Business School. They got engaged while canoeing in the Boundary Waters of northern Minnesota, said Cynthia McClintock, a former associate at Drexel Burnham Lambert Inc. who is chairman of the board of Rye Country Day School and active with Golden Seeds, a New York-based organization of early-stage investors focused on supporting companies led by women entrepreneurs.
In addition to his wife, McClintock’s survivors include their three children, Christina, 23, Clare, 18, and William, 15, and his four sisters and one brother.