WikiLeaks reveals Teneo's fundraising ties to Clinton Foundation, Bill Clinton

Teneo president and co-founder Douglas Band has been raising money from the firm's clients for the Clinton Foundation and President Bill Clinton.

Image by Gage Skidmore via Wikimedia Commons, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=47943328
Image by Gage Skidmore via Wikimedia Commons, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=47943328

C-suite consulting firm Teneo urged clients to donate to the Clinton Foundation and President Bill Clinton, according to emails released by WikiLeaks Wednesday.

At the time of the leaked emails and memo in 2011, Teneo president and co-founder Douglas Band was working for Teneo as an advisor and fundraiser for the Clinton Global Initiative. He used client connections from his firm to solicit donations to the Clinton Foundation and paid speeches for President Clinton.

The email and 12-page memo was made public as part of Hillary Clinton campaign chair John Podesta’s hacked emails. WikiLeaks has been releasing the Podesta emails over the last three weeks, raising issues for the Clinton campaign in the run-up to Election Day.

In response to the leak, Teneo has released a simple statement to media outlets. In it, the firm owns up to its Clinton Foundation ties, but stresses that it did not receive any benefits from the relationship.

"As the memo demonstrates, Teneo worked to encourage clients, where appropriate, to support the Clinton Foundation because of the good work that it does around the world," the statement said. "It also clearly shows that Teneo never received any financial benefit or benefit of any kind from doing so."

Reps from the Clinton Foundation and Teneo did not respond to requests for comment.

In the leaked memo, Band lays out the Teneo clients he had encouraged to contribute to the foundation, including Coca-Cola, Dow Chemical, and UBS Wealth Management. As of the memo date, Teneo had raised more than $8 million for the foundation.

Band had also arranged paid speeches for President Clinton from Teneo’s clients UBS, Ericson, and Barclays, totaling more than $3 million. He detailed other paid speech offers in the works at that time.

Band has worked with President Clinton since 1998, when he joined the White House staff as deputy assistant. He has held various roles within the Clinton Foundation and Clinton Global Initiative. He founded Teneo with partners Declan Kelly and Paul Keary in 2011.

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