FRANK ZARB

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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