PHILIP MCBRIDE JOHNSON (Moderator)
Skadden Arps Slate Meagher Flom, LLP
Phil Johnson, the CFTC's third chairman, has provided legal services
to the derivatives community for over 35 years. From law firms in
Chicago and New York, and most recently from Washington, he has represented
major derivatives exchanges and the bankers/brokers of Wall and Lacily
Streets as well as a score of foreign markets and their users. He
authored the leading legal treatise on the subject and founded the practice
committees for both the American and International Bar Associations.
Outside the law, he has served twice on the board of the Futures Industry
Association, four times on CFTC advisory committees, writes a regular column
for a leading derivatives business magazine, and serves on the New York
Stock Exchange's Regulatory Advisory Committee.
ROBERT K. WILMOUTH (Moderator)
National Futures Association
Robert K. Wilmouth is President and CEO of National Futures Association
(NFA). NFA, the industry wide, self regulatory organization for the
futures industry, assures through self-regulation, high standards of professional
conduct and financial responsibility on the part of its Members.
Mr. Wilmouth has served as NFA’s President since the organization commenced
operations in 1982. Formerly, he served as President and CEO of the
Chicago Board of Trade for approximately five (5) years following a 27
year career in the banking industry. He is currently Chairman of
Lacily National Bank, a director of the Economic Club of Chicago, the Deputy
Chairman of the Consultative Committee of IOSCO, a member of the Board
of Trustees of the University of Notre Dame and a member of its investment
Committee. Mr. Wilmouth is a graduate of Holy Cross College and holds
a Masters degree from the University of Notre Dame.
JOHN C. COFFEE
Columbia University School of Law
John C. Coffee, Jr. is the Adolf A. Berle Professor of Law at Columbia
University Law School, where he specializes in corporate and securities
law. Professor Coffee is a Fellow of the American Academy of Arts
and Sciences, served as a Reporter to the American Law Institute for its
Restatement-like project, PRINCIPLES OF CORPORATE GOVERNANCE: Analysis
and Recommendations (1992), was a member of the SEC’s Advisory Committee
on the Capital Formation and Regulatory Processes, is a co-author of several
leading corporation and securities casebooks (including Jennings, Marsh,
Coffee & Seligman, SECURITIES REGULATION: Cases and Materials (8th
ed. 1998)), has served on the Legal Advisory Boards of both the New York
Stock Exchange and the NASD, and is a current member of the Committee on
Market Regulation of NASD Regulation, Inc. Professor Coffee also
was a co-editor of Coffee, Lowenstein and Rose-Ackerman, KNIGHTS, RAIDERS
AND TARGETS: The Impact of the Hostile Takeover (Oxford University Press
1988) and has testified as an expert witness in a number of leading takeover
cases. In 1997, the National Law Journal Listed Professor Coffee
as one of its “100 Most Influential Lawyers in the United States.”
GEORGE CRAPPLE
Millburn Ridgefield Corp.
Mr. Crapple, age 54, is Vice Chairman, Co-Chief Executive Officer and
a Director of Millburn Ridgefield Corporation. Millburn Ridgefield
Corporation manages approximately $2 billion in currencies, financial and
commodity futures, equities and funds of funds.
In 1966 Mr. Crapple graduated with honors from the University of Wisconsin where his field of concentration was economics and he was elected to Phi Beta Kappa. In 1969 he graduated from Harvard Law School magna cum laude where he was a member of the Harvard Law Review.
Mr. Crapple was a lawyer with Sidley & Austin, Chicago, Illinois, from 1969 until April 1, 1983, as a partner since 1975, specializing in commodities, securities, corporate and tax law. He was first associated with Millburn in 1976 and joined Millburn full time in April 1983.
Mr. Crapple is a member of the Financial Products Advisory Committee
of the Commodity Futures Trading Commission; a member of the Board of Directors,
Executive Committee and Appeals Committee of the National Futures Association;
Chairman and a member of the Board of Directors and Executive Committee
of the Managed Funds Association; and a former member of the Board of Directors
of the Futures Industry Association.
DAVID DOWNEY
Timber Hill LLC
Mr. Downey is an Equity Member of The Timber Hill Group and Vice President
of Timber Hill LLC, a registered Broker/Dealer and Futures Commission Merchant.
The Group are members of 37 securities and derivative exchanges around
the world which are all interconnected by the Group’s proprietary network
of automated trading and communication processes.
Mr. Downey is a member of the Chicago Mercantile Exchange (CME), the Chicago Board of Trade (CBOT) and the Chicago Board Options Exchange (CBOE). He is also a member of the CFTC’s Global Markets Advisory Committee.
Mr. Downey is a 1982 graduate of Boston College with majors in Economics
and Political Science. After working at the American Stock
Exchange as a quote reporter he moved on to Timber Hill in 1985 at which
time he was transferred to Chicago to begin Timber Hill operations on the
CBOE. Mr. Downey, 38, resides in River Forest, IL with his wife and
4 children.
MARGARET EISEN
General Motors Investment Management Co.
Margaret (Peggy) Eisen joined General Motors Investment Management
Corporation (GMIMCo) in 1995 as Managing Director, North American Equities.
She is responsible for GMIMCo's internally managed publicly traded equity.
Ms. Eisen also oversees GMIMCo's external managers of publicly traded securities.
She is a member of GMIMCo's Management Council and Asset Allocation Committee.
Before joining GMIMCo, Ms. Eisen was Director of Worldwide Pension Investments for DuPont Pension Fund Investment. Her previous experience includes serving as Vice President of Loomis Sayles & Company and Assistant Vice President at Cowen & Company, following technology as an analyst for both organizations. Ms. Eisen began her career as a teacher, moving to private industry as a Program Manager and Contributing Editor for International Data Corporation, a market research and consulting firm on the computer industry.
Currently, Ms. Eisen sits on the Board of Directors and is Chair of the Audit Committee of Travel Centers of America. She also serves as the Chair of the Futures Industry Institute.
Ms. Eisen received her AB degree from Smith College, an M. Ed. from
Lesley College and earned an MBA with Distinction at Babson College.
She is a Chartered Financial Analyst.
JERRY GULKE
Strategic Marketing Services, INC
Gerald (Jerry) Gulke was born and raised on a small grains & livestock
farm in North Dakota. After receiving a BS in Electrical Engineering
from North Dakota State University, he became employed with an engineering
company in Rockford, Illinois where he went on to receive a Masters of
Business Administration and began also to farm again on a part-time basis.
In 1975 Mr. Gulke began farming full-time in northern Illinois (corn/soybean/wheat).
His common sense ability to manage his farm and market his grains successfully
received attention from the media, in particular Top Producer Magazine,
the leading agriculture publication in the US.
Mr. Gulke’s monthly column (Market Strategy) in Top Producer gained
him respect and attention among producers and led him to the field of consulting,
and the forming of Strategic Marketing Services, Inc. Mr. Gulke is
now considered one of the top analysts in America today.
Mr. Gulke presents marketing outlook & strategy seminars throughout the US and Canada. He also participates in two radio commentaries weekly, a weekly marketing editorial column on DTN (a data information services reaching over 120,000 farmers weekly), and yearly seminars to foreign visitors who visit the US (Thailand, Japan, France, Denmark, etc.). Mr. Gulke is featured in an informational film at the Chicago Board of Trade’s visitor center.
Mr. Gulke’s focus is to inform, educate, and generally help producers and end-users in the area of "price risk management" using all the tools available, including futures, options, and cash contracts, as well as having a sound focus on the forces that influence agriculture prices. Mr. Gulke’s success became even more prominent in 1998 when near record total farm earnings were recorded on his and many of his clients’ farms through the use of risk management, and generally sound management practices.
In addition to the above consulting duties, Jerry farms 1800 acres in
Illinois, is absentee manager of the family farm estate in North Dakota,
all with the help along of his wife (Jenny) and daughters (age Ashley 16,
& Stephanie 23).
ROBERT W. KOHLMEYER
World Perspectives, INC.
Robert W. Kohlmeyer is President of World Perspectives, Inc.
He has spent his forty year career in nearly every aspect of agribusiness
including grain trading, handling, and transportation. He has hands-on
experience managing grain handling facilities ranging from small sub-terminals
to huge facilities in major terminal markets. He is familiar with
all end-uses of grain and oilseeds.
He has 36 years of operating and management experience with Cargill, Inc. His career with Cargill involved domestic and international grain merchandising with an emphasis on export trade and markets. He managed merchandising and elevator facilities in Ohio and Illinois, was Export Marketing Manager in New York and Minneapolis, managed Cargill’s worldwide winter wheat merchandising and managed the Cargill Futures Department, responsible for corporate hedging of agricultural commodities. From 1976 until 1990, as an adjunct to his operating responsibilities, he was a regular participant in corporate public and government relations activities as a “hands on” grain trade expert who could analyze and advocate policies from a pragmatic standpoint.
Mr. Kohlmeyer has been directly involved with Soviet/Russian agriculture since the USSR entered world grain markets in 1972. He helped negotiate those first contracts and many more thereafter. He has traveled to Russia on a number of occasions on business and fact-finding missions. He supervised an important study of Egyptian livestock, meat and grain industries to determine whether feed grain imports were an appropriate use of resources. He has studied, written and spoken about a wide variety of agricultural policy issues in the United States and abroad from the viewpoint of a pragmatic agribusiness participant. Mr. Kohlmeyer has served as an advisor to various U.S. government agencies on agricultural trade, policy, and infrastructure matters. Currently, he owns and manages a corn and soybean farm in eastern South Dakota.
He holds a bachelor's degree in History from Princeton University.
HOWARD KRAMER
Schiff Hardin & Waite
Mr. Kramer is a partner resident in our Washington, D.C. office who
concentrates his practice in the securities regulatory law area with emphasis
on broker-dealer regulatory and compliance issues. He is a member
of Schiff Hardin & Waite’s nationally recognized Market Regulation
Practice Group. During his tenure at the United States Securities
and Exchange Commission, Division of Market Regulation, Mr. Kramer was
responsible for oversight and regulation of the securities markets generally,
including stock and options exchanges, NASDAQ, and debt markets, and the
formulation and implementation of the SEC’s national market system and
other market structure programs. He played a leading role in developing
SEC policy with respect to derivative products generally, including both
listed and OTC derivatives, and represented the Commission at securities
markets conferences and in domestic and international discussions with
securities industry representatives, self- regulatory organization officials
and staff, and government officials and staff here and abroad.
Among his most significant recent achievements, Mr. Kramer directed the Market 2000 study on structural and competitive issues in the equity markets. He oversaw the SEC’s efforts to secure agreement by stock markets to implement order handling rules and move to decimal pricing. He also prepared derivatives legislation and testimony, and assisted the Derivatives Policy Group in formulating the Framework for Voluntary Oversight of OTC Derivatives Activities. Mr. Kramer received numerous honors and awards for his work at SEC. These include the SEC Distinguished Service Award (1997), SEC Capital Markets Award (1994), and SEC Supervisory Excellence Award (1990).
Mr. Kramer received a B.A. with high honors and high distinction, a
masters degree and a law degree, cum laude, from the University of Michigan.
He is a member of Phi Beta Kappa.
ROBERT MACKAY
National Economic Research Associates
Dr. Mackay specializes in providing securities and financial markets
litigation support and risk management advisory services. His primary interests
include derivatives, structured securities, and financial risk management.
He served as Project Advisor to The Group of Thirty’s Global Derivatives Study Group. In its seminal report, Derivatives: Practices and Principles, the Study Group recommended key risk management principles for dealers and end users that now have become standard industry practice.
Dr. Mackay also served as Chief of Staff of the U.S. Commodity Futures Trading Commission and as a member of the Senior Staff of the President’s Working Group on Financial Markets following the stock market crash of October 1987. His prior government service included positions at the Federal Trade Commission, the Securities and Exchange Commission, and the Federal Reserve Board.
He has been an expert in major litigation cases involving allegations of market manipulation, trade practice abuse, unauthorized trading strategies, improper sales practices for structured notes and swap transactions, unwarranted liquidation of positions, illegal off-exchange futures contracts, and the taxation of hedges. He has given testimony or depositions in cases before the U.S. tax court, U.S. district courts, state court, the SEC, and the CFTC, as well as in arbitration proceedings.
Dr. Mackay has published extensively in leading economics journals and in specialized finance journals. He edited After the Crash: Linkages Between Stocks and Futures and special issues of The Journal of Financial Engineering devoted to regulatory reform in the futures industry and to derivatives and systemic risk. He has presented numerous lectures, seminars, and training programs on derivatives and financial risk management.
Before joining NERA, Dr. Mackay was Professor of Finance and Director
of the Center for Study of Futures and Options Markets at Virginia Tech.
He received his Ph.D. in Economics from the University of North Carolina
at Chapel Hill.
LEO MELAMED
Sakura Dellsher, INC.
Leo Melamed, chairman emeritus of the Chicago Mercantile Exchange (CME),
is recognized as the founder of financial futures. As chairman of
the CME, Melamed in 1972 launched the International Monetary Market (IMM)___the
first futures market for financial instruments. Since then, Melamed
has been the primary leader of the U.S. futures industry and helped establish
its markets as indispensable tools in financial risk management.
In 1987 he spearheaded the introduction of GLOBEX, the world’s first electronic
futures trading system. Melamed presently serves as Senior Policy
Advisor to the CME.
Melamed has been an advisor to the Commodity Futures Trading Commission (CFTC) and serves as special advisor on futures to governments worldwide. In 1982, Melamed led the futures industry effort before the U.S. Congress in creating the National Futures Association (NFA), a self-regulatory body of the futures industry. He served as chairman of the NFA from its inception until 1989 and continues to serve as its permanent Special Advisor. Melamed has lectured and written extensively on the subject of financial futures markets. His memoirs, Escape to the Futures, was published by John Wiley & Sons in 1996.
In 1991, the University of Chicago Graduate School of Business established the Leo Melamed Endowed Chair. Melamed has served on the Board of Directors of the National Bureau of Economic Research and was installed as a Senior Fellow of the International Association of Financial Engineers. In 1992, Melamed was appointed by the President to be a director of the Council of the United States Holocaust Memorial Museum and serves as a member of its Executive Committee.
Melamed is an attorney by profession and an active futures trader.
He is chairman and CEO of Sakura Dellsher, Inc., a global futures organization
formed in 1993 between The Sakura Bank, Ltd., and Dellsher Investment Company,
Inc.
MERTON MILLER
University of Chicago
Merton H. Miller is the Robert R. McCormick Distinguished Service Professor
of Finance Emeritus at the Graduate School of Business, University of Chicago.
Professor Miller was awarded the Nobel Memorial Prize in Economic Science
in 1990 for his work in the area of corporate finance.
A Graduate School of Business faculty member since 1961, professor
Miller has written extensively on a variety of topics in economics and
finance. Along with Franco Modigliani of M.I.T., he developed the
often cited “M&M Theorems” on capital structure and dividend policy
that are the foundations of the theory of corporate finance.
Professor Miller received an A.B. from Harvard University in 1944 and a Ph.D. from the Johns Hopkins University in 1952. He began his career as an economist in 1943 with the U.S. Treasury, Division of Tax Research. In 1947, he joined the staff of the Board of Directors of the Federal Reserve System, where he remained until 1949. Following a term as an assistant lecturer at the London School of Economics, he joined the faculty of the Graduate School of Industrial Administration at the Carnegie Institute of Technology in 1953. He taught economics and the industrial administration there until his appointment at The University of Chicago in 1961.
Professor Miller is the author of numerous publications, including Macroeconomics: A Neoclassical Introduction (with C. Upton, 1974), The Theory of Finance (with E. F. Fama, 1972), Financial Innovations and Market Volatility and most recently, Merton Miller on Derivatives (1997).
Professor Miller served as Chairman of the Committee of Inquiry appointed
by the CME to examine events surrounding the market drop of October 19,
1987. He was appointed a Distinguished Fellow by the American Economic
Association in 1990, a Fellow by the American Academy of Arts and Sciences
in 1989, and a Senior Fellow of the American Association of Financial Engineers
in 1992. He has received honorary Doctor’s Degrees from the University
of Leuven (Belgium), the University of Karlsruhe (Germany) and many U.S.
universities.
ERNEST PATRIKIS
American International Group
Ernest T. Patrikis is Special Advisor to AIG Chairman M.R. Greenberg
on Regulatory Matters.
Mr. Patrikis joined AIG in 1998 following a 30-year career with the
Federal Reserve Bank of New York, where he was First Vice President and
the Bank’s second ranking officer. In addition to his position as
First Vice President, Mr. Patrikis also served as an alternate member of
the Federal Open Market Committee, the Federal Reserve’s monetary policymaking
group.
Earlier in his career, he held positions as General Counsel and Executive Vice President at the Bank. He also served as Deputy General Counsel of the Federal Open Market Committee for five years.
Mr. Patrikis holds a J.D. degree from Cornell Law School and a B.A.
degree from the University of Massachusetts. He is a member of the
American and New York State Bar Associations and the Association of the
Bar of the City of New York. Mr. Patrikis has also served as a member
of the staff of the President’s Working Group on Financial Markets and
as a member of the Committee on Payments and Settlement Systems of the
G-10 central bank governors.
TODD E. PETZEL
The Common Fund
Dr. Petzel is Executive Vice President and Chief Investment Officer
of The Common Fund. Prior to joining The Common Fund, Dr. Petzel
was the Executive Vice President, Business Development of the Chicago Mercantile
Exchange. Dr. Petzel holds A.B., A.M. and Ph.D degrees from the University
of Chicago. Subsequently, he taught at Macalester College and Stanford
University. In 1982, he joined the Coffee, Sugar and Cocoa Exchange
in New York as Chief Economist. In 1988, he became Vice President,
Financial Research for the Chicago Mercantile Exchange. While in
Chicago, he also taught finance classes at the Graduate School of Business,
The University of Chicago. Dr. Petzel is the author of the book,
Financial Futures and Options: A Guide to Markets, Applications and
Strategies, and numerous articles and reviews. He serves as referee
for a number of journals devoted to economics and finance and as editor
of Derivatives Quarterly.
DAVID M. PRYDE
J.P. Morgan
David M. Pryde, a Managing Director, is globally responsible for the
Futures and Options business at J.P. Morgan & Co., Incorporated.
Mr. Pryde was formerly Head of global Commodities for Morgan Guaranty Trust
Company, directing the trading and marketing of precious metals, base metals
and energy products. He joined Morgan Guaranty in l984 as Vice President,
Bullion Trading, New York, and has extensive experience in the metals market
in London, New York and the Far East. He was promoted to Managing
Director and assumed global responsibility for Commodities in l986.
Mr. Pryde was formerly Vice Chairman of the Commodity Exchange Inc.
in New York and was a member of the Executive Committee of the Board of
Governors. He also served on a number of committees including the
Precious Metals and Admission Committees, the Control Sub-Committee on
Copper and is a former Vice Chairman of the Supervisory Committee.
Mr. Pryde is currently a member of the Executive Committee of the Futures
Industry Association, and a Board Member of the Chicago Mercantile Exchange.
THOMAS RUSSO
Lehman Brothers Inc.
Thomas A. Russo, a managing director of Lehman Brothers, is the Firm's
Chief Legal Officer. He is head of the Firm's Corporate Advisory Division
with responsibility for Legal, Compliance, Internal Audit, Corporate Communications,
Investor Relations, Government Relations, and the Documentation Group.
He also oversees the Firm's Investment and Commitments Committees. In addition,
he serves as Chairman of the Firm's New Products Committee and Operating
Exposures Committee. He is a member of Lehman Brothers' Operating Committee
and counsel to its Executive Committee.
Prior to joining Lehman Brothers, Mr. Russo was a partner at the Wall
Street law firm of Cadwalader, Wickersham & Taft and a member of its
Management Committee where he specialized in SEC enforcement and broker-dealer
operations, CFTC enforcement and regulation, derivative, financial and
general corporate law. From 1975 to 1977 Mr. Russo was the Deputy General
Counsel of the Commodity Futures Trading Commission, then became the first
Director of its Division of Trading and Markets. Mr. Russo also worked
as an attorney in the Division of Market Regulation of the SEC (1969-71).
Mr. Russo has been listed in the National Law Journal as one of the "100
Most Influential Lawyers in America".
RICHARD L. SANDOR, PH.D.
Environmental Financial Products
Richard L. Sandor is Chairman and Chief Executive Officer of Environmental
Financial Products L.L.C., which specializes in developing and trading
in new environmental, financial, and commodity markets. Environmental
Financial also designs risk management and hybrid financial instruments
that enhance the interrelationships between the capital, commodity, and
environmental markets. Dr. Sandor is widely recognized as a founder of
the interest rate derivatives markets now traded worldwide, and has designed
revolutionary market mechanisms for the catastrophe insurance industry
and for market-based environmental protection programs.
Dr. Sandor currently serves as Chairman of the Board of Hedge Financial, which specializes in developing and trading products Bridging the Gap Between the Reinsurance and Capital Markets. Hedge Financial is a wholly-owned subsidiary of CNA, one of the world’s top ten insurance organizations, with 1996 revenues of $17 billion. During 1997 and 1998 Dr. Sandor served as Second Vice Chairman of the Chicago Board of Trade. Dr. Sandor is also a Director of Central and South West Corp., a Dallas-based public utility that provides electric power, telecommunication, energy efficiency and financial services.
Prior to the creation of Environmental Financial, Dr. Sandor held senior executive positions in the financial services industry. He was a senior financial markets executive with Kidder Peabody, Drexel Burnham Lambert, and Banque Indosuez. For more than three years, he was Vice President and Chief Economist at the Chicago Board of Trade, where he became known as the "principal architect of interest rate futures markets". In recognition of his work on the Treasury Bond futures and options contracts, the Treasury Note futures contract, and others, Dr. Sandor was named the "father of financial futures" by the Chicago Board of Trade and the City of Chicago.
Dr. Sandor has been a faculty member of the School of Business Administration at the University of California, Berkeley, and held a faculty position at Stanford University. He was a visiting professor of Finance at Northwestern University, and was named the first Martin C. Remer Visiting Distinguished Professor of Finance in the Graduate School of Management. He was recently appointed Distinguished Adjunct Professor at Columbia University Graduate School of Business.
From 1991 to 1994, Dr. Sandor was a Non-Resident Director of the Chicago
Board of Trade (CBOT) and was Chairman of its Clean Air Committee.
That committee developed the first spot and futures markets for sulfur
dioxide emission allowances and supervised the annual allowance auctions
conducted on behalf of the U.S. Environmental Protection Agency.
He also served as Vice Chairman of the CBOT Insurance Committee and was
the originator and co-author of the catastrophe and crop insurance futures
and options contracts. Dr. Sandor received his Bachelor of Arts degree
from the City University of New York, Brooklyn College, and earned his
Ph.D. in Economics from the University of Minnesota in 1967.
CHARLES SMITHSON
CIBC World Markets
Charles Smithson is a Managing Director of CIBC World Markets where
he is responsible for the CIBC School of Financial Products.
Charles Smithson’s career has spanned the gamut, with positions in academe and in government, as well as in the private sector. In academe, Charles taught for 9 years at Texas A&M University, where his primary interests were in natural resource economics and regulation. In government, Charles served with both the Federal Trade Commission and the Consumer Products Safety Commission. In the private sector, Charles was the Managing Director for Risk Management Research at Continental Bank, as the developer of Chase’s education program for derivatives (1985-87) and as the Managing Director for Risk Management Research and Education (1990-95).
The author of scores of articles in professional and academic journals, Charles is best known as the originator of the “building block approach” to financial products. He is the author of five books, including Managing Financial Risk (the third edition of which will be published in 1998).
Charles Smithson served as a member of the Working Group for the Global Derivatives Project sponsored by the Group of Thirty. He currently serves on the boards of directors of the International Swaps and Derivatives Association and the International Association of Financial Engineers, as well as the U.S. Commodity Futures Trading Commission’s Financial Products Advisory Committee and the Financial Accounting Standards Board’s Financial Instruments Task Force.
Charles Smithson received his Ph.D. in Economics from Tulane University
in 1976.
STEVEN SPENCE
Merrill Lynch Pierce Fenner & Smith
Steven D. Spence, Managing Director and Co-Chairman of Merrill Lynch
Futures, Inc., is responsible for global institutional equity and fixed
income futures and options. Prior to heading the Global Futures and
Options Group Steven served in Tokyo where he led Merrill Lynch futures
execution services in Southeast Asia, Australia and Japan. During
his 11 years with Merrill Lynch he has also managed Merrill Lynch Futures
in Chicago and Paris. While in Asia, he sat on the HKFE Clearing
Corp.’s Board of Directors and served as Vice-Chairman of the Japan Chapter
of the Futures Industry Association (FIA). Currently Steve sits on
the Board of Directors of the FIA and is a member of the FIA Executive
Committee, the MATIF International Advisory Board and the CFTC Financial
Products Advisory Committee.
JACK WING
Illinois Institute of Technology
Jack A. Wing, the Frank Wakely Gunsaulus Professor of Law and Finance
at the Illinois Institute of Technology and Director of its Center for
the Study of Law and Financial Markets, joined the school in July 1998.
Prior to joining the staff of IIT, Mr. Wing was Chairman of the Board and
Chief Executive Officer of ABN-AMRO Incorporated, formerly The Chicago
Corporation. Mr. Wing joined The Chicago Corporation as its C.E.O.
in 1981 and continued to lead the firm following its merger with ABN AMRO
in January 1997.
After graduating from Union College in 1958 with a B.A. in Economics, Mr. Wing spent two years in the U.S. Army before taking a position with the SEC. While working as a financial analyst for the SEC from 1960 to 1963, he attended George Washington University Law School and earned his LLB in 1963. He served as a trial attorney with the SEC from 1963 to 1965. In 1966, he joined Investors Diversified Services in Minneapolis as assistant to the president. In 1968, Mr. Wing moved to Chicago to become the vice president and general counsel of A.G. Becker & Co.
From 1975 to 1980, Wing was president of A.G. Becker, a subsidiary of the Becker Warburg Paribas Group. During that time, Wing was director of the Midwest Stock Exchange (1974-76), director of the Chicago Board Options Exchange (1976-78, 1981-98), and governor of the National Association of Securities Dealers (1978-80). Since being at The Chicago Corporation, he has served as chairman of the board of the North Shore Country Day School (1980-87), member of the New York Stock Exchange Regional Firms Committee and chairman of same (1985-86), director of the Securities Industry Association (1984-86), director of the Evanston University Research park (1987-89), member of the Chicago Mercantile Exchange’s special panel to review trading rules and practices (1989) and director of the Chicago Capital Fund (Chairman 1988-94). From 1990 to July 1998, Wing was a trustee of Illinois Institute of Technology and from 1995 to 1998 Chairman of the Board of Overseers of its Stuart School of Business.
In addition to his primary duties at IIT, Wing continues to serve as Chairman of ABN AMRO Sage Corporation, Chairman of the ABN AMRO Mutual Funds, and Chairman of the Investment Committee of ABN AMRO Private Equity Partnerships. He is the Chairman of the Board of the Illinois Humanities Council. He is also a Member of the Board of Directors of the Futures Industry Association, Risk Management Committee of the Commercial Club, Ambers Life Holdings, WTTW Windows to the World, and Music of the Baroque.