Steve had a 20-year career at the Federal Reserve Bank of New York before moving into the private sector in 1989 and has since held senior staff or board positions at J.P. Morgan & Co., PNC Financial Services Corp., Risk Metrics Group and the U.K. Financial Services Authority, among other organizations.
He started his career at the Federal Reserve Bank of New York in 1969 and served in progressively senior management positions, rising to executive vice president. At various times during his tenure at the bank, he oversaw the Credit and Capital Markets, Banking Supervision, and Securities Operations groups.
He left to become a managing director of J.P. Morgan & Co. During a decade there, he was head of the Corporate Risk Management Group and later chairman of the Risk Management Committee. During his final year at J.P. Morgan, Steve also served as chairman of Risk Metrics, a leading provider of risk management tools and information, and continued in that role for five years after J.P. Morgan spun it off as a private company. After a three-year hiatus, he rejoined Risk Metrics as lead director, chairman of the nominating and governance committee, and subsequently chairman of the board, a role he held until Risk Metrics was sold to MSCI last year.
Over the past decade, Steve has been prominent in the financial industry in various board and advisory roles. He was a member of the board of directors of PNC Financial Services Corp. and served as chairman of the Audit Committee and later as chairman of the Risk Committee. He also served two three-year terms as a nonexecutive director of the U.K.’s Financial Services Authority, was an adviser to the Monetary Authority of Singapore and was a member of the global advisory board of JER Partners, a real estate investment and asset management company in suburban Washington, D.C.
Steve worked closely with former Federal Reserve Board Chairman Paul Volcker on the Group of 30’s financial reform project and was the principal author of its 2009 report, “Financial Reform: A Framework for Financial Stability.”
He holds a Bachelor of Arts in Economics from Manhattan College in Riverdale, N.Y.more » « less