Frank G. Zarb became Chairman and Chief Executive Officer
of the National Association of Securities Dealers, Inc. (NASD®),
in 1997. The NASD is the securities industry’s largest self-regulatory
organization and is the parent of The Nasdaq-Amex Market Group,
Inc. and NASD Regulation, Inc. Zarb was Chairman, Chief Executive
Officer and President of Alexander & Alexander Services, Inc.,
a global organization of professional advisors providing risk
management, insurance brokerage and human resource management
consulting services from offices in more than 80 countries,
from June 1994 through January 1997. Prior to this appointment,
Zarb was a Vice Chairman and Group Chief Executive of The
Travelers, Inc., and Chairman and Chief Executive Officer
of Smith Barney, a Travelers’ subsidiary, which he joined
in 1988. He was named Group Chief Executive on June 24, 1993.
Zarb is a member of the Board of Trustees of the Gerald R.
Ford Foundation. He is a former Chairman of the Board of Trustees
of his alma mater, Hofstra University, where he still serves
as a Board member. Hofstra named its business school after
Zarb. He is a member of the Advisory Board of the Securities
Industry Foundation for Economic Education. Zarb was a member
of the Mayor’s Commission on Homelessness in New York City
and led the Privatization Task Force of the New York City
Partnership. He also served as Chairman of the Council for
the U. S. and Italy. Zarb, who earned his B.S. and M.B.A.
degrees in business from Hofstra University, was awarded an
honorary Doctor of Law degree by the University and the school’s
Outstanding Scholar Award.
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