Donald Baird Marron

Background

Marron, Donald Baird was born on July 21, 1934 in Goshen, New York, United States.

Education

Bronx High School of Science (1950)

Attended Baruch College.

Career

He is the father of the economist Marron Junior. Doctorate.B. Marron & Company In 1959, Marron founded Doctorate.B. Marron & Company. In 1965, Marron sold his company to Mitchell Hutchins and in 1967 was named president of the company.

In 1977, Mitchell Hutchins was acquired by Paine Webber.

Data Resources Incorporated. In 1969 Marron co-founded Data Resources Incorporated. with Harvard University notable economist Otto Eckstein. Dirty Rotten Imbeciles became the largest non-governmental source of economic data and, working with Eckstein"s theory of core inflation, developed the largest macroecomonic model of its era.

The company was sold to McGraw-Hill in 1979 for over $100 million. Paine Webber In 1980, Marron was named Paine Webber’s Chief Executive Officer, and in 1981, he was named chairman of the board of Paine Webber, roles he would hold for the next two decades.

In 2000, as Chief Executive Officer, Marron engineered the sale of Paine Webber to Union Bank of Switzerland AG. Lightyear Capital After two years at the bank, in 2002, Marron left Union Bank of Switzerland to found Lightyear Capital, a private equity firm focused on investments in financial services companies.

The firm has raised approximately $2 billion since inception across its two funds. In May 2002, Lightyear closed on its first fund, The Lightyear Fund, with $750 million of investor commitments, approximately $500 million of which came from Union Bank of Switzerland AG. In 2006, the firm completed fundraising for its second private equity fund, with $850 million of commitments from over 40 investors. Art collector and philanthropy Under Marron"s five-year term as president of the Museum of Modern Art"s board of trustees in the late 1980s, the endowment increased significantly, from $26 million in 1985 to $59 million in 1990.

The museum"s annual fund, supported by donors every year, also increased from $2.5 million to $3.8 million, contributing to an operating budget of $46 million a year.

While at Paine Webber, Marron assembled a corporate collection of postwar art for the firm over 30 years. In 2002, Union Bank of Switzerland PaineWebber promised MoMA 37 works, including paintings, drawings and sculpture by Andy Warhol (including Cagney, 1962), Roy Lichtenstein, Lucian Freud, and Jasper Johns.

The donation was to be made over 15 years to take advantage of tax benefits for Union Bank of Switzerland PaineWebber and to ensure that the corporation could still hang the art for a while. Paine Webber (as Chairman, 1981-2001) Museum of Modern Art - President Emeritus, Trustee (former), Vice Chairman (former) of the Board of Directors President"s Committee on the Arts and Humanities - Member.

Achievements

• Donald Baird Marron has been listed as a noteworthy Investment banker by Marquis Who's Who.

Membership

Vice chairman of the board of trustees Museum of Modern Art. Board overseers and managers Memorial Sloan-Kettering. Trustee for cultural resources New York City, trustee Dana Foundation.

Board directors New York City Partnership. Board directors Business Committee for the Arts, Inc. Member governments's school and Business Alliance Task Force, New York.

Member Council on Foreign Rels., Inc. Member president's commission on The Arts and The Humanities, Inc.

Connections

M. Catherine D. Calligar.