32 Facts About Teneo

Teneo was founded in June 2011 by Declan Kelly, Paul Keary, and Doug Band, and currently has more than 1,450 employees located in 40 offices.

Teneo has been the subject of controversy primarily over its extensive ties to the Clinton family and the leveraging of those ties for its business purposes.

In June 2011, Teneo was founded in New York by three partners: Declan Kelly, Douglas Band, and Paul Keary.

Teneo was headquartered first in New York's Citigroup Center building and later nearby at 280 Park Avenue, with satellite offices in Washington, DC, London, and Toronto.

Thereafter, Teneo grew from operating 6 divisions to 12 divisions, including an executive recruitment operation and a corporate governance arm, through business acquisitions and recruiting.

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FIFA became a client in July 2015, and around that time Teneo advised Willis Group Holdings on its merger with the consulting firm Towers Watson, a deal valued at $18 billion.

The acquisition doubled Teneo's employee count to about 500 and brought the headcount at Teneo's London office to 200.

That spring, Teneo announced that Twelve Rolling Capital would join the Teneo Capital investment banking platform.

Teneo acquired the Irish PR firm PSG Communications in July 2016.

Teneo assisted in crafting the Boston bid for the 2024 Summer Olympics.

In March 2019 Teneo acquired Quay Advisers, a communications consultancy in Australia.

In December 2019, Teneo announced its sponsorship of pro golfer, Shane Lowry.

In January 2020, Teneo acquired Montreal-based communications company Hatley Strategy Advisors.

The following month, it was announced that Teneo had acquired Kotinos Partners based in Dublin, Ireland.

In February 2021, Teneo acquired the UK restructuring business unit of Deloitte.

In December 2021, Teneo hired Gaby Sulzberger as the firm's chair of global ESG practice.

In 2021, Teneo was ranked 19th on the Global Top 250 PR Agency Ranking.

In March 2022, Teneo acquired KPMG's restructuring business in Bermuda to bring Teneo's Financial Advisory business to a headcount of over 350.

In June, Teneo acquired a majority stake in Washington, DC -based strategy and communications company WestExec Advisors, which follows a minority stake taken by Teneo in 2021.

Teneo is known for hiring top-level former politicians as senior advisors, including Huma Abedin at the time she was the top advisor to Secretary of State Hillary Clinton; former Speaker of the House Paul Ryan; former Senate Majority Leader George J Mitchell; and former Senator Chris Dodd, a top advisor to President Joe Biden.

In 2015, Teneo received information requests from the office of US Senator Chuck Grassley as part of a review into a State Department waiver granted to Abedin that had allowed her to earn income outside the government in 2012.

Abedin was reported to have signed a contract with Teneo pledging to avoid conflict of interest problems, and a 2015 freedom of information request showed emails where she recused herself from several situations for that reason.

Separately, Teneo has received public scrutiny for its other business dealings.

In 2016, Teneo was hired by McDonald's in an effort to combat Fight for $15, a campaign to raise the minimum wage.

In 2019 Teneo was contracted to represent the planned Saudi Arabian city of NEOM, a project that has been criticized by human rights organizations.

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Teneo was involved in private arbitration in June 2019 over its involvement in the bidding process for the oil company Anadarko, with Teneo refuting allegations that it had violated conflict of interest provisions when working for two of the bidding companies.

In October 2019, Teneo was revealed to have provided services to Oxycotin manufacturer Purdue Pharma.

Teneo sought to use Miller's connections to Republicans close to President Trump.

Teneo has worked with the insurance firm Cigna, advising on a planned merger with Anthem in 2015, which fell through in 2017.

At the time, Cameron was accused of performing lobbying activities on behalf of Greensill and Teneo had three of Cameron's former colleagues on staff as advisors.

From 2018 until 2020, Teneo advised key Navajo Nation figures on potentially acquiring Remington Arms, reportedly being paid $150,000 per month on the matter in 2020.

In September 2020, it was disclosed that Teneo had provided strategic counsel and stakeholder outreach for LetterOne, an international investment firm whose founders included Mikhail Fridman and Petr Aven, both Russian oligarchs sanctioned by the EU in February 2022.