An Ethiopian immigrant who came to the United States at the age of seventeen with $150 in his pocket, Daniel W. Yohannes worked his way through school, became a wealthy bank executive. and was sworn in as the CEO of the Millennium Challenge Corporation (MCC) December 8, 2009.
Born in Ethiopia in September 1952, Daniel W. Yohannes emigrated to the U.S. as an exchange student circa 1970. Working to support himself while in school, Yohannes earned a B.S. in Economics from Claremont McKenna College in 1976 and an M.B.A. from Pepperdine University in 1980. In subsequent years, he put each of his seven siblings through college in the United States.
Yohannes began his banking career in 1977 as a teller at
Security Pacific National Bank, where he eventually held a number of leadership roles. In 1992, when Bank of America took over Security Pacific, Yohannes relocated to Denver to work for
First Bank System, which named him President of Colorado National Bank (CNB), which First Bank had recently acquired. Early on, he oversaw the integration of CNB with two other recently acquired banks, an operation opposed by community activists critical of what they considered a lack of minority lending. Yohannes improved the bank’s record in that area, and under his tenure CNB became an active supporter of foundations and nonprofits. Yohannes was President of CNB from 1992 to 1999, and grew the bank from $2 billion to $9 billion in assets. In 1998, when
U.S. Bancorp acquired First Bank, CNB became known as U.S. Bank and Yohannes became CEO of U.S. Bank’s Colorado Division. Eventually he also worked as Vice Chairman of U.S. Bank for the Commercial Banking Group, Consumer Banking Group and as Head of Integration for Community and Public Affairs. In February 2003, Yohannes resigned from U.S. Bank,
explaining that, having recently turned 50, it was “time to do something different.”
Yohannes soon became President and CEO of M&R Investments, LLC, a privately-held investment firm specializing in real estate, financial institutions and the green energy sector. In September 2006, he
co-founded and became chairman of the board of the
New Resource Bank in San Francisco, which finances options for green businesses in addition to traditional banking.
Yohannes is married to Saron Yohannes, with whom he has three children. On November 16, 2004, Yohannes, a Catholic, reported to his parish priest that he had seen the
image of Jesus on a banner hanging in his Denver church,
St. Mary’s Anglican Catholic Church.
A Democrat, Yohannes
co-chaired the transition team of incoming Colorado Democratic Governor Bill Ritter in 2006. Since 1995, Yohannes has made political donations totaling $72,550; $67,750 to Democratic candidates and organizations, and $4,800 to Republican candidates.