Andrew Banks Biography
Andrew Banks is an English-Australian film producer and businessman. He co-founded Morgan & Banks and Talent2 International, a supplier of HR business process outsourcing. He was one of the ‘Sharks’ on the TV show Shark Tank.
How old is Andrew Banks? – Age
He is 71 years old as of 30 November 2022. He was born in 1951 in Lambeth, London, United Kingdom.
Andrew Banks Family
Banks was the fifth of six brothers. His father was a staff sergeant in the British Army’s Medical Corps. His mother was born in Vienna and raised in Gdansk, Poland; she spoke six languages fluently.
Andrew Banks Education
Banks enrolled in the local selective state grammar school and became active in amateur theatrical plays. He got accepted to several UK universities before settling on Science at London University. He took Applied Biology examinations for a year and a half before obtaining a part-time job selling paintings door-to-door and soon rising to supervisor.
He did voiceover work and hired two people to sell trendy ‘Carnaby Street style’ shirts in the University cafeteria. His academic studies were halted after an Australian colleague provided a sponsor, allowing Banks to migrate to Australia as part of the last steps of the Assisted Passage Migration Scheme. Banks arrived in Sydney, Australia as a ‘Ten Pound Pom’ in 1972.
Andrew Banks Wife
He has been married to Andrea Banks since 1974. The couple has a daughter named Sophia Banks-Coloma.
How did Andrew Banks make his money? – Net Worth
He has an estimated net worth of $300 Million.
What companies does Andrew Banks own? – Companies
Since 1988, Banks has invested in a variety of businesses in Australia, including property development and home apartment renovation, residential hotels (Sebel Manly), commercial property (53 Martin Place), and operating businesses such as Krispy Kreme Australia, a cosmetics distributor, and an online recruiting entity.
Banks was one of the ‘Sharks’ on the first season of Shark Tank in 2015, where he invested in Bottlepops, Synxsole, and the Hamdog. Banks returned to Shark Tank Australia for Season Two in 2016, as well as Season Three in 2017.
Andrew Banks HR
While working for the French oil giant Elf Aquitaine, Banks developed an interest in human resources and recruiting. After returning to London, jobs with Brown and Root (now Halliburton) took her to Norway, the United States, and back to the United Kingdom as Regional HR Director for the Europe and Africa Marine Division. When Banks returned to Australia in 1980, he got a job as a recruiter with Slade Consulting in Sydney. He opened and developed their new Brisbane office before returning to Sydney to supervise both operations until December 1984.
Morgan & Banks was established in 1985 with new business partner Geoff Morgan. Morgan & Banks developed to have a 17 percent market share in Australia and Asia, with revenues exceeding A$850 million, before going public in 1995.
Morgan & Banks merged with TMP/Monster, a NASDAQ-listed business in the United States, in 1999. Banks worked for TMP Worldwide in New York for three years as Global Director, overseeing over 50 acquisitions and 4,500 employees in 32 countries until returning to Sydney in 2002. Banks founded Talent2 International, an ASX-listed firm specializing in HR Outsourcing and Executive Search and Selection, in December 2003. Geoff Morgan sat on the Board as a Non-Executive Director.
Talent2 had operations in 20 countries prior to its privatisation in 2012 through a joint venture between Morgan & Banks Investments (MBI) and Allegis Group Inc, the world’s largest privately owned employment organization. Allegis Group Inc completed a 100% acquisition of Talent2 in July 2014. Banks worked as an Advisor to the company’s Search practice until July 2015.
Andrew Banks Business
Andrew is still interested in theater and film. In 2014, he resigned from his position as Chairman of the National Institute of Dramatic Arts Foundation Trust due to his move offshore. Banks is still in charge of the Trust. Banks is establishing accomplice and maker of creation organization, Lila ninth Creations, along with Cameron Sheep and the organization is effectively growing new ventures. The Canadian films “Daydream Nation,” “Syrup,” and “Kumiko the Treasure Hunter,” which received a Sundance Award in 2014, are examples of completed films produced by Lila 9th Productions.
Following his membership in the Young Presidents’ Organization (YPO) in 1988, Banks is now a member of the business leaders’ group WPO (World Presidents’ Organization). In a 2015 industry poll of The 5 Most Influential People in the Recruitment Industry Over the Past 60 Years, Andrew Banks and Geoff Morgan were voted equal first.
Andrew Banks and Geoff Morgan were inducted into the Recruitment International (Australia) Recruitment Industry Hall of Fame as inaugural inductees in 2014. The hall of fame honors individuals who have made significant contributions to the Australian recruitment industry over the course of their careers.
For their continued success in business, Andrew Banks and Geoff Morgan received the Ernst & Young Australia, Master Entrepreneur of the Year Award (Eastern Region) in 2004.