N.A.S.D.'s Zarb To Be Honored At Dinner

By Reid Oslin
Staff Writer

Frank G. Zarb, chairman and chief executive officer of the National Association of Securities Dealers, Inc., will be the main speaker and receive the President's Medal for Excellence at the 10th annual Boston College Tribute Dinner in New York City on April 16.

The black-tie gala, to be held in the grand ballroom of the Waldorf-Astoria Hotel, is expected to attract more than 1,000 alumni, parents and friends of Boston College and will benefit the University's Presidential Scholars Program, which attracts students from the top 2 percent of college applicants nationally. Last year, the dinner raised over $1 million for the program.

Boston College President William P. Leahy, SJ, will present Zarb with the President's Medal for Excellence, which honors individuals who have distinguished themselves through personal and professional achievements exemplifying the ideal proclaimed in the University's motto, "Ever to Excel."

The dinner will be chaired by University Trustees Charles I. Clough Jr., chief investment strategist for Merrill Lynch & Co., Inc., and Thomas F. Ryan Jr., president and chief operating officer of the American Stock Exchange. It is sponsored by the Wall Street Council, which is co-chaired by University Trustee Richard F. Syron, chairman and CEO of the American Stock Exchange, and Trustee Associate Peter S. Lynch, vice chairman of Fidelity Management and Research Co.

Zarb was elected CEO of NASD, also known popularly as NASDAQ, in 1997 and added the title of chairman last April. Prior to assuming that post, he had been chairman, president and CEO of New York City-based Alexander & Alexander Services, Inc. since 1994. He also served as vice chairman and group chief executive of The Travelers, Inc. from 1993-94; chairman, president and CEO of Smith Barney from 1988-93; and general partner of Lazard Freres & Co. from 1977-88.

A former administrator of the Federal Energy Administration, Zarb has served under five US presidents in various capacities, including executive director of the Energy Resources Council, associate director of the Office of Management and Budget, and assistant secretary of the Department of Labor.

A native of New York City, he is a 1957 graduate of Hofstra University and received his MBA from that institution in 1962.

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