STAMFORD, Conn.--(BUSINESS WIRE)--Six accomplished business and civic leaders will serve on Point72 Asset Management’s (“Point72”) inaugural Advisory Board (“Board”), CEO Steven Cohen and President Doug Haynes announced today.
The Board Members are:
- Richard Foster, Executive in Residence at the Yale Entrepreneurial Institute and former Director and Senior Partner at McKinsey & Company
- Victor Ganzi, Chairman of the PGA TOUR, Inc. and former CEO of Hearst Corporation
- Gary Goldring, former Co-Chief Executive Officer of Spear, Leeds & Kellogg
- Joel Klein, CEO of Amplify, the education division of News Corporation, and former Chancellor of the New York City Department of Education
- Donald B. Marron, Chairman of Marron Capital
- Tom Tisch, Managing Partner of Four Partners, a family-based investment firm
The six Board Members will provide Point72 and its leadership team with experience-based insight on management, ethics, compliance, and technology issues.
“These business leaders are widely recognized as industry leaders for their superb records of accomplishment and excellence during their careers,” Mr. Cohen said. “They are also civic titans, whose generosity has enriched the communities in which they live and work. I am grateful that they have agreed to serve on Point72’s first Advisory Board.”
“The Board Members will bring a fresh and independent perspective to Point72. They will provide an unvarnished appraisal of what we do and how we can do it better. We will benefit from their wisdom and experience,” Mr. Haynes said.
The first Advisory Board meeting will be April 14 and subsequent meetings will be held quarterly. Biographies of the Advisory Board Members may be found below.
Brief Advisory Board Biographies
Dr. Foster is Executive in Residence at the Yale Entrepreneurial Institute and a lecturer at the Yale School of Management. He is an Emeritus Director of McKinsey & Company, Inc. Dr. Foster joined McKinsey in 1973, was elected a partner in 1978, and a Senior Partner/Director in 1982. During his tenure at McKinsey, Dr. Foster founded several practices including the private equity practice, the healthcare practice, and the technology and innovation practice. From 1995 to 1998, he led McKinsey’s worldwide knowledge development.
Dr. Foster now pursues a portfolio of for profit, not for profit, and educational activities. Dr. Foster has written two best-selling books: “Innovation: The Attacker’s Advantage” (1986) and “Creative Destruction” (2001). In 2012, “Creative Destruction” was cited by the Harvard Business Review as one of the “Great Moments in Management” in the past century. Dr. Foster was also recognized as one of the Harvard Business Review’s ten “Masters of Innovation” in the past century.
Dr. Foster is a member of the boards of Advantia Health, Ancera Diagnostics and Meehan Combs Capital Funds. He is an Advisor to ZocDoc, a healthcare information technology start up. Within the non-profit sector, Dr. Foster is a member of the Board of Directors of the Memorial Sloan Kettering Cancer Center and is a member of the Executive Committee and Chair of the Medical Research Committee of the W. M. Keck Foundation. He is a member of the Advisory Boards of the Yale School of Medicine and the Harvard Medical School Policy Advisory Committee. At the National Academies of Science, Engineering and Medicine, Dr. Foster is co-chair of the Presidents’ Circle.
Dr. Foster received his BS, MS, and PhD from Yale University in Engineering and Applied Science. He was elected a fellow of the American Academy of Arts & Sciences in 2008.
Victor F. Ganzi’s career has spanned running one of the world’s largest diversified media companies, as well as the day-to-day operations of what has become one of the world’s largest law firms. The New York City native, educated as a lawyer and a CPA specializing in taxation, has chaired and served on more than 20 public, private, and non-profit boards.
From 2002 to 2008, Mr. Ganzi served as president and CEO of Hearst Corporation, where he grew the company into a more than $8 billion entity and was a key driver of acquisitions resulting in the addition or creation of more than 100 separate businesses. Prior to joining Hearst, Mr. Ganzi was the managing partner at Rogers & Wells (now part of Clifford Chance), where he was responsible for day-to-day operations. Mr. Ganzi joined Rogers & Wells in 1973 and conducted a general corporate tax law practice. Prior to Rogers & Wells, Mr. Ganzi practiced as a certified public accountant in taxation at a Big Four accounting firm in Denver.
Mr. Ganzi is Chairman of the Board of Directors of the PGA TOUR, Inc., and sits on the boards of Towers Watson & Co. and Palm Management Corporation. He serves as non-executive chairman of Foster & Partners, one of the world’s largest architectural firms, and as a trustee on the Board of Directors of the Whitney Museum of American Art, Madison Square Boys & Girls Club, The National Center on Addiction & Substance Abuse at Columbia University (CASA), and The First Tee, all of which are publicly-supported charitable organizations.
Mr. Ganzi graduated summa cum laude from Fordham University in 1968 with a BS in accounting. He received a JD degree from Harvard Law School in 1971 and an LLM in Taxation from New York University in 1981.
Gary Goldring is perhaps best known for his role as Co-Chief Executive Officer of Spear, Leeds & Kellogg (SLK) responsible for overall management of the firm. During his 12 years at SLK, he was the principal developer of the firm’s REDI automated trading systems. Mr. Goldring negotiated the sale of SLK to Goldman Sachs in October 2000 and became a Partner of Goldman Sachs, serving as a member of the Equity Division Operating Committee before retiring in 2002.
Mr. Goldring’s contributions to the securities industry extend beyond his work at SLK. He served on the Securities Industry Clearing Firms Committee from 1994 to 1996, helping the committee set policies and standards for firms in the securities clearing business. From 1996 to 1999, Mr. Goldring was a member of the Board of Directors of the National Securities Clearing Corp/Depository Trust Clearing Corp, ultimately serving as Chairman focusing on industry risk management metrics. Mr. Goldring was one of the principal organizers of the merger of NSCC into DTCC to revamp the infrastructure of the U.S. clearing utility.
A summa cum laude graduate of the University of Pennsylvania’s Wharton Undergraduate Division in 1978, where he participated in its Submatriculation Program, Mr. Goldring went on to earn his MBA from Wharton’s Graduate Division and his law degree from the Columbia University School of Law, where he was an Editor of the Law Review. Mr. Goldring currently serves on the boards of the University of Pennsylvania School of Social Policy and Practice, the Columbia Law School and the Earthwatch Institute.
Joel I. Klein
Mr. Klein is the CEO of Amplify, the education division of News Corporation, where he also serves as Executive Vice President. Prior to that, Mr. Klein was Chancellor of the New York City Department of Education where he oversaw a system of over 1,600 schools with 1.1 million students, 136,000 employees and a $22 billion budget. He launched Children First in 2002, a comprehensive reform strategy that has brought coherence and capacity to the system and resulted in significant increases in student performance.
He is a former Chairman and CEO of Bertelsmann, Inc., the US headquarters operation for the media company, served as Assistant U.S. Attorney General in charge of the Antitrust Division of the U.S. Department of Justice until September 2000, and was Deputy White House Counsel to President Clinton from 1993-1995. Mr. Klein entered the Clinton administration after 20 years of public and private legal work in Washington, D.C.
Mr. Klein received his BA from Columbia University, where he graduated magna cum laude in 1967, and earned his JD from Harvard Law School in 1971, also graduating magna cum laude. He was selected by Time Magazine as one of “Ten People who Mattered” in 1999, and by U.S. News and World Report as “One of America’s 20 Best Leaders” in 2006. He is the author of “Lessons of Hope: How to Fix Our Schools” (2014).
Donald B. Marron
Donald B. Marron is Chairman of Marron Capital, LLC, a family office. He founded Lightyear Capital in 2000 and from 1980-2000 he served as Chairman and Chief Executive Officer of Paine Webber Group Inc. In 2000, PaineWebber merged with UBS AG, creating a top wealth and asset management firm. Following the merger, Mr. Marron served as Chairman of UBS America until September 2003. Prior to his tenure at PaineWebber and UBS, Mr. Marron served as President and Chief Executive Officer 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 co-founded Data Resources Inc. ("DRI") with Harvard economist Dr. Otto Eckstein. DRI became the largest non-governmental source of economic data on computers in the world. Mr. Marron served as DRI’s Chairman until McGraw-Hill Inc. purchased the firm in 1979.
Mr. Marron is Chairman Emeritus of the Center for the Study of the Presidency, a member of the Council on Foreign Relations, and a Trustee of the Center for Strategic and International Studies (CSIS). Mr. Marron 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.
Thomas J. Tisch has been Managing Partner of Four Partners, a family-based investment firm, since 1981, and a Director of Synageva BioPharma Corp. and Sears Holdings Corporation. Mr. Tisch serves as a trustee of KIPP New York, Inc., NYU Langone Medical Center and is Chancellor of Brown University.
Mr. Tisch is a graduate of Brown University and the New York University School of Law.
About Point72 Asset Management
Point72 Asset Management is a family office managing the assets of its founder, Steven A. Cohen, and eligible employees. Point72 primarily invests in discretionary long/short equities and makes significant quantitative and macro investments. The Firm's long/short investment divisions are Point72 Asset Management and EverPoint Asset Management. Cubist Systematic Strategies is its quantitative business, Cohen Private Ventures, a direct private equity and opportunistic investing arm, Rubric Capital is its deep value, multi-strategy business, and Honeycomb Ventures is its high-growth, technology-focused venture capital investing business. The Firm is headquartered in Stamford, Connecticut, and maintains offices in New York, Hong Kong, Tokyo, and Singapore. Point72 Asset Management, L.P. is a family office and does not seek, solicit or accept any external investments. www.Point72.com