Winthrop H. Smith Jr.

Winthrop Hiram "Win" Smith Jr. (born 1949 in New York, New York) is the former executive vice president of Merrill Lynch & Co. and Chairman of Merrill Lynch International, Inc. He spent 27 years at Merrill Lynch, beginning in 1974, after receiving an MBA from Wharton, retiring in January 2002. He is a 1971 graduate of Amherst College. He began as an investment banking associate and, for the last ten years of his career, was responsible for Merrill Lynch's growth outside of the United States.

Biography[]

He was born in 1949 in New York, New York to Winthrop H. Smith and Vivian G. Brown.

Smith is now an entrepreneur, private investor, and chairman and CEO of Summit Ventures NE, LLC, which owned and operated Sugarbush Resort in Warren, Vermont from October 2001 until it was sold to Colorado-based Alterra Mountain Company in January 2020. Smith is credited with restoring Sugarbush to the status it originally had when founded by Damon and Sara Gadd in 1958. He also served as a director of Eaton Vance Corporation until it was acquired by Morgan Stanley in March 2021 and is Chair of the Board of The Nature Conservancy Vermont. He is currently the past chairman of The National Ski Areas Association and a former member of the Board of the Vermont Ski Areas Association. Previously, he served on the Boards of AGF Management in Canada, the Richardson Financial Group, and Richardson-GMP in Canada. He was also Chairman of The Vermont Business Roundtable and the Lake Champlain Regional Chamber of Commerce. He is also an Honorary Commander of the Vermont Air National Guard. His former philanthropic duties included serving on the Boards of Deerfield Academy, the Cancer Research Institute, The Winthrop H. Smith Memorial Foundation, the New York City Ballet, The Economic Club of New York, Outward Bound USA, The Japan Society, The United Nations Association of the United States and The Americas Society. He was a former member of the Council on Foreign Relations.

Smith authored Catching Lightning in a Bottle: How Merrill Lynch Revolutionized the Financial World, about the history of Merrill Lynch, which became available on December 5, 2013, the fifth anniversary of the final Merrill Lynch shareholder meeting.^[1]

He married twice. His first marriage was to Maggie Smith, and they have four children and seven grandchildren. His eldest child, Heather Smith Winkelmann, is managing director of Winvian Farm , in Litchfield, Connecticut. This property was purchased by Smith's parents, Win and Vivian, in 1948, and named Winvian, after their combined names; then later expanded into a boutique hotel by Smith and his former wife, Maggie, who is full owner.^[2] He is currently married to Lili Ruane, the daughter of investment professional William J. Ruane and the sister of Boston music impresario Billy Ruane, both deceased. She has four daughters of her own.

His stepfather was Charles B. McVay, the Captain of the Indianapolis. A recent book entitled The Indianapolis: The True Story of the Worst Sea Disaster in the U.S. Naval History and the Fifty-Year Fight to Exonerate an Innocent Man, by Lynn Vincent and Sara Vladic, recounts the tragic story of The Indianapolis and the disgraceful treatment of Captain McVay by the U.S. Navy in 1945.

References[]

• Article about Wintrop Smith Jr. in Business Travel Guide
• Q&A: Win Smith, Sugarbush Resort. Vermont Business Magazine, Mar 01, 2006
• A Resignation Prompts A Shake-Up at Merrill. New York Times, April 28, 1992
• Power Struggle May Hasten Transition at Merrill Lynch. New York Times, June 3, 2002