He was born in Manchester, New Hampshire and is the older brother of rower Bill Hobbs.

Four years later he won the silver medal with the American boat in the 1972 eights competition.

Fritz Hobbs was educated at the Milton Academy (1965), Harvard College (1969) and the Harvard Business School (1972), after which he spent the next 25 years with the investment banking firm of Dillon Read & Co., the last five of which he was Chief Executive Officer.

He has been a director of Molson Coors, Lord Abbett, Ally Financial, BAWAG, and other corporations, as well as serving on the Boards of Harvard University and Milton Academy.

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