Kennedy School Fellow Named Chair of New York Stock Exchange

Contact: Doug Gavel
Date: April 08, 2005

Cambridge, MA — Marshall N. Carter, Fellow at Harvard University’s Kennedy School of Government, has been elected Chairman of the New York Stock Exchange (NYSE) by the board of directors. Carter has served on the NYSE board of directors since December 2003.

At the Kennedy School, Carter has served as Senior Fellow at both the Center for Public Leadership (CPL) and the Center for Business and Government (CBG) since fall 2003. Prior to that, he served as Senior Fellow at CBG. He is a former member of the Dean’s Council and has taught a course titled “Case Studies in Leadership.” His research interests include leadership from the middle of an organization, and minimizing career transition barriers between the public and private sectors.

“It is a great privilege to chair the board of the world’s leading equities market at a time of historic opportunity,” said Carter. “Moving forward, our market is positioned to extend our leadership on a broad range of fronts, including protecting investor interests, transforming our market model, raising the bar on self regulation and governance, and ensuring the highest quality market for our customers.”

Kennedy School Dean David Ellwood said, “Marshall Carter is a superb choice. He is a man of remarkable insight and leadership. We have been very fortunate to work with and learn from him here at the Kennedy School, and we look forward to his new insights that will come from this new position.”

Carter served as Chairman and CEO of the State Street Bank and Trust Company and its holding company, State Street Corporation from 1992-2001. He first joined State Street in July 1991 as President and Chief Operating Officer. He became CEO in 1992 and Chairman in 1993. Prior to joining State Street, Carter was affiliated with the Chase Manhattan Bank.

After retiring from State Street, Carter was asked to chair the Massachusetts Governor’s Special Advisory Task Force on Massport following the events of September 11th, 2001. He has also served as Chairman of the Board of Trustees of the Boston Medical Center.

Following his two years service as a Marine Corps officer in Vietnam, Carter was awarded the Navy Cross and Purple Heart. He later served as a White House Fellow at the State Department and Agency for International Development.

Carter holds a B.S. degree in civil engineering from the U.S. Military Academy at West Point (1962), an M.S. in operations research and systems analysis from the U.S. Naval postgraduate School in Monterey, California (1970), and an M.A. in Science, Technology and Public Policy from George Washington University (1976).

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