Zarb No Stranger To Crisis
Frank Zarb, AIGs interim non-executive chairman, is no stranger to media scrutiny and crisis situations, a look at his career suggests.
Born in 1935, Mr. Zarb began his career in investment banking and then served as assistant secretary of labor under President Richard Nixon in 1972. He also honed his crisis-management skills while serving as administrator of the Federal Energy Administration under President Gerald Ford in 1974 when the oil crisis struck.
In the late 1970s, Mr. Zarb returned to Wall Street to work as general partner of New York-based investment banking firm Lazard Freres & Co., and then leading investment brokerage firm Smith Barney.
His insurance experience includes working at Travelers, and then leading insurance broker Alexander & Alexander, which was sold to Aon Corp. in 1996.
Mr. Zarb was also chairman and CEO of the National Association of Securities Dealers and the NASDAQ Stock Market during the late 1990s, when the market was being scrutinized by various regulatory bodies. He has been serving as an AIG board director since 2001.
Reproduced from National Underwriter Edition, April 1, 2005. Copyright 2005 by The National Underwriter Company in the serial publication. All rights reserved.Copyright in this article as an independent work may be held by the author.
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