Donald B. Marron
Donald B. MarronCSIS Trustee
Donald Marron founded Lightyear Capital in 2000 and serves as chairman and member of the Investment Committee. Prior to founding Lightyear Capital, Mr. Marron served as chairman and CEO of Paine Webber Group Inc. for 20 years, from 1980 to 2000. In 2000, PaineWebber merged with UBS AG, creating a top wealth and asset management firm. Following the merger, he served as chairman of UBS America until September 2003. Prior to his tenure at PaineWebber and UBS, Mr. Marron served as president and CEO of Mitchell Hutchins, overseeing its transformation from a predominately retail-oriented firm into one of the leading U.S. institutional research firms. Mr. Marron began his career at the New York Trust Company. In addition to his four decades of leadership as an executive, Mr. Marron has also distinguished himself as an entrepreneur. In 1969, he cofounded Data Resources Inc. (DRI) with Harvard University economist Otto Eckstein. DRI became the largest nongovernmental source of economic data in the world. Mr. Marron served as DRI’s chairman until McGraw-Hill Inc. purchased the firm in 1979. Mr. Marron serves as chairman of Lightyear portfolio company, Cetera Financial Group, and Clarion Partners. Mr. Marron is a former director of Fannie Mae and of Shinsei Bank. He served as chairman of the board of former Lightyear portfolio company, Collegiate Funding Services, Inc., until its merger with JPMorgan Chase Bank, N.A. He is a former director of the New York Stock Exchange, former governor and vice chairman of the Securities Industry Association, and former governor of the National Association of Securities Dealers. Mr. Marron is chairman emeritus of the Center for the Study of the Presidency and Congress, a member of the Council on Foreign Relations, and a trustee of CSIS. He is also a member of Memorial Sloan-Kettering Cancer Center’s Board of Overseers and a trustee of New York University. A collector of modern art, Mr. Marron is a longtime trustee, former president, and current president emeritus of the Board of Directors of the Museum of Modern Art. A lifelong resident of New York City, Mr. Marron attended New York City public schools and the City University of New York.
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