Early Life
Peter R. Kellogg was born on September 5, 1942. He attended the Rectory School and Berkshire School before matriculating at Babson College, although he dropped out. His father, James Crane Kellogg III, was a prominent figure in the Wall Street firm Spear, Leeds & Kellogg.
Rise to Success
Kellogg's career began in 1967 when he joined his father's firm, Spear, Leeds & Kellogg. He led the company from the 1980s until its sale to Goldman Sachs in 2000 for $6.5 billion. Under his leadership, the firm became the first specialist brokerage to control more than 10% of the stocks trading on the New York Stock Exchange. After selling to Goldman in 2000, Kellogg turned his attention to reinsurance outfit IAT, which he led as CEO until 2015 and still chairs.
Key Business Strategies
Kellogg's key business strategy involved leading Spear, Leeds & Kellogg and later focusing on investments and strategic leadership roles. He has demonstrated exceptional leadership and business acumen throughout his career. His ability to identify and capitalize on market opportunities has contributed to his success.
Philanthropy
Peter Kellogg is involved in philanthropy. He and his wife, through their charitable foundation, purchased and renovated the John F. Peto Studio Museum in Island Heights, NJ, in 2005, spending approximately $2 million. He has also donated more than $4 million to the U.S. ski and snowboarding teams.
