Andrew Banks Biography
Andrew Banks (Andrew Richard Banks) is an English-Australian businessman and film producer. He co-founded recruitment company Morgan & Banks and founded HR business process outsourcing provider, Talent2 International and is one of the ‘Sharks’ on the television series Shark Tank.
Andrew Banks Age
Banks was born on November 30, 1951, in Lambeth, London, England. He is 67 years old as of November 2018.
Andrew Banks Family
Banks family details are under review.
Andrew Banks Wife
Banks married his Australian girlfriend, Andrea Banks in 1974 and following an overseas honeymoon. The couple has kept their relationship private, therefore, there is no information about their marriage life.
Andrew Banks Career
Banks pursued an acting career through studies in Shakespearean Training at the Old Tote Theatre Company (now NIDA – National Institute of Dramatic Arts). He had small acting roles in television series Number 96 and the Old Tote Theatre Company’s production of Macbeth at the Sydney Opera House in 1974.
Banks bought into the Red Pavilion Bar and Restaurant in Woolloomooloo, Sydney with restaurateur Soren Luno as his partner. Its sale fourteen months later was when Banks realized his first capital. He married his Australian girlfriend, Andrea in 1974 and following an overseas honeymoon, decided to pursue more stable employment.
Banks’ interest in Human Resources and recruiting started while working with a French oil company, Elf Aquitaine. Returning to London, roles followed with Brown and Root (now Halliburton) involving moves to Norway, USA and later back to the UK as Regional HR Director for Europe and Africa Marine Division. Returning to Australia in 1980, Banks accepted an advertised role as a recruiter with Slade Consulting in Sydney. He opened and established their new Brisbane office then returned to Sydney to manage both the Sydney and Brisbane offices until December 1984.
In 1985, with new business partner Geoff Morgan, recruitment company Morgan & Banks was founded. Morgan & Banks grew to command 17 percent market share in Australia and Asia, with sales over A$850m; it went public in 1995. In 1999, Morgan & Banks partnered with TMP/Monster a US-listed NASDAQ company. Banks spent three years in New York with TMP Worldwide as Global Director, responsible for over 50 acquisitions and 4,500 staff operating in 32 countries, before going back to Sydney in 2002.
In December 2003, Banks launched Talent2 International, an ASX-listed company with a focus on HR Outsourcing and Executive Search and Selection. Geoff Morgan served as a Non-Executive Director on the Board.
Talent2 had operations in 20 countries before its privatization in 2012 via a joint venture between Morgan & Banks Investments (MBI) and US company, Allegis Group Inc, the largest privately owned staffing firm in the world. A 100% acquisition of Talent2 by Allegis Group Inc, was finalized in July 2014.
Banks served as an Advisor to the Search practice of the company until July 2015.
Andrew Banks Entrepreneur
Banks has been investing in various types of companies in Australia since 1988, including property development and home apartment renovation, residential hotels (Sebel Manly), commercial property (53 Martin Place), as well as operating businesses like Krispy Kreme Australia, a cosmetics distributor, and an online recruiting entity.
In 2015 Banks appeared as one of the ‘Sharks’ on the inaugural season of Shark Tank in which he invested in Bottlepops, Synxsole and the Hamdog. He returned for 2016 Season Two of Shark Tank Australia as well as Season Three due to screen in 2017.
Andrew Banks Other Activities
Andrew retains an interest in film and theatre. He has served as Chairman of the NIDA Foundation Trust (National Institute of Dramatic Arts Foundation Trust), resigning in 2014 due to his move offshore.
Banks went on as a Trust Director. Banks is founding partner and producer of a production company, Lila 9th Productions, together with Cameron Lamb and the company is actively developing new projects. Lila 9th Productions’ completed movie projects include ‘Daydream Nation’ (Canada), ‘Syrup’ and ‘Kumiko the Treasure Hunter’ which won a Sundance award in 2014.
Banks is a member of the business leaders’ group WPO (World presidents’ Organisation) following on from membership of YPO (Young presidents’ Organisation) which he joined in 1988.
Together with Geoff Morgan, Andrew Banks has authored four books on recruiting:
- Flourish & Prosper (2005)
- Achieving Your Dream Career (2002)
- The Morgan and Banks Guide to: Getting That Job (1994)
- Going Up – How to Get, Keep and Advance Your Career (1988)
Banks resides with his wife in Los Angeles, where his children and their families live.