Bachelor in Economics, Syracuse University, New York, 1950. Doctor of Laws (honorary), St. Michael's College, 1979.
Vice president Smith, Barney & Company, New York City, 1955-1966. Senior vice president, director Engineer of Mines Warburg, Pincus & Company, Inc., 1967-1975. New York State superintendent banks, 1975-1976.
New York State commissioner housing and community renewal, 1976-1977. Comptroller of the currency Washington, 1977-1981. Co-chairman executive committee Warburg, Paribas, Becker, New York City, 1981-1982.
Deputy chairman A.G. Becker Paribas Inc., Paribas International, 1982-1984. Vice chairman Merrill Lynch Capital Markets, New York City, 1984-1991. Chairman Europe/Middle East Merrill Lynch, London, 1988-1990.
Chairman global finance institutions group office of chairman Merrill Lynch & Company Incorporated, New York York City, 1991-1999. Chairman Finance Stability Institute of the Bank for International Settlements, 1999-2001. Senior advisor Finance Stability Institute Bank for International Settlements, since 2001.
Senior advisor Merrill Lynch & Company, Inc., 2001—2003. Chairman Merrill Lynch International Bank. Chairman Finance Services Council.
Member executive committee Institute International Finance. Chairman Federal Finance Institutions Examination Council, 1979-1981, Commercial Reinvestment Task Force, 1978-1981, 20th Century Task Force on International Debt Crisis. Lecturer Harvard University, 1983-1984, Yale University, 1989-1994, Columbia University, 1988-1989, University California, New York University, 1984-1985.
Chairman British-North America committee, 1994-1995. Trustee National Policy Association, 1981-1996. Vice chairman, chairman securities subcommittee American Banking and Securities Association of London.
Chairman New York State Superintendent's Advisory Committee on Transnat. Banking Institutions, 1981. Co-chairman Derivatives Policy Group.
Member Federal Reserve Bank of New York's International Capital Markets Advisory Committee. Member advisory committee on finance services Department United States Treasury. Member governing council Center for Study of Finance Institutions.
Trustee French-American Foundation. Board directors NewSmith Hedge Fund LP, Interaudi Bank, Assured Guaranty limited, NewSmith United Kingdom Hedge Fund Ltd., URBAN Assembly.
He serves as a Trustee of the Nasher Sculpture Center. Director of the American Ditchley Foundation. Member of the Council on Foreign Relations.
A member of the Group of Thirty.
And a Director of the Chatham House Foundation. He was a member of the Strategic Committee of the French Tresor.
Company-Chairman of the Federal Reserve Bank of New York International Capital Markets Committee. Member of the Executive Committee of the Toronto International Leadership Center for Financial Sector Supervision.
Executive Committee of Institute of International Finance.
Chairman of the Financial Services Council. Director, Securities Industries Association. Director, National Policy Association.
Governor, Atlantic Institute.
Member and Chairman of the Council, British Banking and Securities Association, and Director ACG, Holding Limited. He was Chairman of the New York State Superintendent’s Advisory Committee on Transnational Banking Institutions.
Chairman, New York State Executive Advisory Commission on the Insurance Industry Regulatory Reform.
Married Margaret E. Fechheimer, December 2, 1956 (divorced). Children: Joshua Gaines, Eliza Faith. Married Maria Cristina Anzola, October 17, 1989.