Seth Bergstein '92
banks on Kellogg to help school keep paying dividends
Deborah Leigh Wood
Bergstein '92, managing director in investment banking at
Morgan Stanley in New York City, says his Kellogg School experience
gave him a sense of his strengths and a better understanding
of his place in banking. One of his biggest strengths, he
says, is collaborating as part of a team to reach a successful
came into play in 2002, when Morgan Stanley acted as the sole
adviser on the separation of PwC Consulting from its parent,
PricewaterhouseCoopers. Bergstein, along with a core group,
led a 100-member team of senior partners at Morgan Stanley,
PwC Consulting and Pricewaterhouse Coopers, as well as other
to go public, but was acquired by IBM for $3.5 billion, "a
deal many see as the industry-defining transaction in the
services space over the last five years," says Frank Brown,
global leader of advisory services and
the deal team leader at PricewaterhouseCoopers.
says he formed many of his ideas about teamwork in a Kellogg
School course titled Organization Behavior. "It gave
me a view on how to best motivate and manage constituents
by understanding their motivations," he says.
for these leadership insights, Bergstein gives back to the
Kellogg School in a high-impact but low-profile way, in keeping
with his character, says Roxanne Hori, assistant dean and
director of the Kellogg School's Career Management Center,
and a longtime friend of Bergstein's. "Seth is one of those
quiet supporters who does a lot behind the scenes."
Hori says, Bergstein participated in a lunch with three classmates
who had gathered to discuss ways to encourage other Class
of '92 alums to contribute to Kellogg. Earlier that year,
as a member of the Kellogg School Executive Leadership Circle,
he helped coordinate an executive education seminar in Manhattan.
persuaded his partners to sponsor and host the event at Morgan
Stanley and helped shape the seminar, which examined the impact
of downsizing in the banking and securities industry and the
ethical dilemmas facing Wall Street.
recruit senior panel members, including Mitch Merin '77, president
and COO of Morgan Stanley Investment Management, and Alan
J. Weber '71, chairman and CEO of U.S. Trust Corp. (See page
34.) Moderating the panels were Mitchell A. Petersen, the
Glen Vasel Associate Professor of Finance, and Kent Daniel,
the John L. and Helen Kellogg Distinguished Professor of Finance.
Kellogg School alumni and Kellogg Dean Dipak C. Jain in attendance,
the event was a success, Hori says. "Seth helped the development
office achieve the dean's vision. We could not have asked
Bergstein a "great go-to guy," because "he makes time to speak
with Kellogg students about what it takes to succeed on Wall
Street and in investment banking."
knows the territory well, having spent his entire career at
Morgan Stanley. He started there as a financial analyst in
New York in 1988 and returned in 1992 after graduating from
the Kellogg School. In 1993 he accepted an offer to join the
Chicago office. Now based at Morgan Stanley's New York headquarters,
Bergstein leads the firm's global coordination and coverage
of companies in areas such as consulting, systems integration,
outsourcing and professional services.
grown up with a "services mindset," Bergstein says banking
was a natural choice for him. His father is Mel Bergstein,
founder and CEO of DiamondCluster International, a prominent
international management consulting and advisory firm headquartered
family has a strong connection to Kellogg. Mel Bergstein is
a member of the Kellogg School Dean's Advisory Board. Seth's
brother, Adam, is a '97 alum; his brother-in-law, Matthew
Mochary, is a '96 graduate.
attracts smart people who have demonstrated their ability
to be team players," Bergstein says, "then gives them an environment
in which to further develop and hone these skills."
the years," he adds, "I have seen that the better our collective
teamwork at Morgan Stanley, the bigger the advantage our clients
have in reaching their objectives."
say the same about Kellogg, with alumni such as Bergstein
who lend a hand to keep the school thriving.
to Haruo Naito '74
to Why alumni give back