James A. Runde, a distinguished American investment banker, author, and corporate director, passed away peacefully at the age of 78 on July 26, 2025. With a career that spanned over six decades, he was one of the longest-serving investment bankers in American history and a true legend in his field.
Runde began his illustrious career at Morgan Stanley in 1974, where he rose through the ranks to become Vice Chairman. He was a trusted advisor to many of the world’s leading companies, particularly in the transportation and infrastructure industries, and played key roles in major transactions such as the initial public offering of United Parcel Service (UPS), the privatization of Conrail, and the IPO of China Eastern Airlines. His work, particularly his strategic and financial advice, earned him recognition as one of the most respected bankers of his generation.
Beyond his professional achievements, Runde was deeply committed to public service. He served on the Alzheimer’s Study Group, a bipartisan, blue ribbon panel tasked with creating a national plan to combat Alzheimer’s disease. His work alongside prominent figures such as Newt Gingrich and Sandra Day O’Connor led to the signing of the National Alzheimer’s Project Act by President Obama. Runde also contributed to philanthropic causes, particularly in education, the arts, and health, supporting institutions like Marquette University, the Morgan Library & Museum, and the Morgan Stanley Children’s Hospital.
In addition to his professional accomplishments, James was an active member of his community, serving on corporate and nonprofit boards including Kroger and Burlington Resources. He was a beloved mentor and inspirational coach to hundreds of young professionals.
Runde was the author of Unequaled: Tips for Building a Successful Career through Emotional Intelligence, a book that drew from his extensive experience in business and provided readers with practical advice on navigating careers and relationships in the professional world.
A proud native of Sparta, Wisconsin, James was one of ten children born to Orlin and Kathleen Runde, both elementary school teachers. He graduated co-valedictorian from Sparta High School before earning a scholarship to Marquette University, where he was a member of the Naval Reserve Officer Training Corps (NROTC). He later served as an officer in the U.S. Navy, helping Adm.Rickover design and build nuclear powered ships and earning the National Defense Service Medal. While on active duty, he used the GI BIll to earn his master’s degree in business at night at George Washington University. Runde’s commitment to service, teamwork, and faith continued throughout his life, both professionally and personally.
James and his wife, Barbara, of Boca Grande, Florida, were devoted to their family. He was an avid reader and international traveler. His happiest times were spent playing an engaging card game of Hearts with his children and grandchildren. He is survived by his wife and the love of his life, Barbara, their terrific children Daniel, Kevin, and Kathleen, their spouses Sonia, Dana and Michael, and five grandchildren.
In lieu of flowers, please send any donations to Paralyzed Veterans of America.
