From the proxy:
Very nice resumes on the MAXF board....
CLASS III DIRECTORS
GILBERT D. SCHARF, 53, has been Chairman of the Board, President and Chief
Executive Officer of the Company since its inception in 1994. Since April 1993,
Mr. Scharf has been a director and Secretary of Niagara Corporation, a holding
company with operating subsidiaries in the business of
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manufacturing cold drawn steel bars ("Niagara"). From 1985 to January 1989, Mr.
Scharf was a Managing Director of Lazard Brothers & Co. Ltd. in London, where he
was responsible for establishing and managing capital market activities. From
1983 to 1985, Mr. Scharf was the General Partner of Mendez, Scharf & Co., a
private investment partnership. From 1978 to 1983, Mr. Scharf was a Managing
Director at Morgan Stanley & Co. Incorporated ("Morgan Stanley"), where he
managed all corporate and international bond trading and new issue commitments
and the money market department, and was co-chairman of the risk management
committee. Upon consummation of the Company's August 1996 acquisition of Euro
Brokers Investment Corporation ("Euro Brokers"), Mr. Scharf became the
Vice-Chairman of Euro Brokers and is currently the Chairman, President and Chief
Executive Officer of Euro Brokers, as well as of a number of its subsidiaries.
Mr. Scharf earned a B.A. degree from Duke University. He is Chairman of the
Board's Executive Committee.
MICHAEL J. SCHARF, 59, has been a director of the Company since its
inception in 1994 and, until August 1997, was also Vice President, Secretary and
Treasurer of the Company. Since April 1993, Mr. Scharf has been the Chairman of
the Board, President and Chief Executive Officer of Niagara. From October 1983
to August 1989, Mr. Scharf was the Chairman and Chief Executive Officer of
Edgcomb Steel of New England, Inc. and its successor corporation, Edgcomb
Corporation, which was, from 1984 to 1989, one of the largest independent metals
service center and distribution companies in the United States. Edgcomb
Corporation was sold in 1989 to a company controlled by The Blackstone Group.
From 1989 (when Edgcomb was sold) until 1993 (when Niagara was founded), Mr.
Scharf managed his personal investments. Mr. Scharf received an A.B. degree from
Princeton University and an M.B.A. from Harvard Business School. He is a member
of the Board's Executive Committee.
LARRY S. KOPP, 59, has been a director of the Company since its inception
in 1994 and is currently a private investor and a Managing Member of Globe
Capital Managers, LLC, a private investment vehicle. From November 1992 through
June 1999, Mr. Kopp was a Managing Director of Frank Russell and Company, a
pension consulting firm that was acquired by The Northwestern Mutual Life
Insurance Company in 1999. From 1978 to November 1992, Mr. Kopp held several
senior management positions in strategic growth areas of Citicorp, including
General Manager of its bank card business and Chairman of Citicorp Insurance
Services. From 1974 to 1978, Mr. Kopp was involved in venture capital
transactions and was an advisor at E.M. Warburg Pincus and Company, where he
served as a consultant to corporations regarding strategic planning,
turnarounds, financial restructuring and sales of assets. Mr. Kopp earned B.A.
and M.B.A. degrees from Stanford University. He is Chairman of the Board's
Compensation Committee.
DIRECTORS CONTINUING IN OFFICE:
CLASS I DIRECTORS
JAMES W. STEVENS, 65, has been a director of the Company since its August
1996 acquisition of Euro Brokers, when he became the designee to the Board of
Directors, pursuant to the acquisition agreement, of Euro Brokers and its
largest stockholder, Welsh, Carson, Anderson & Stowe, and has since been
re-elected by the Company's stockholders at the Company's 1997 and 2000 annual
meetings. Mr. Stevens has held various senior positions at The Prudential
Insurance Company of America ("Prudential") from October 1987 through December
1994. Mr. Stevens retired from Prudential in January 1995. As an Executive Vice
President of Prudential, from October 1987 to December 1994, his
responsibilities included serving on the Operating Council since 1993 and
serving as Chairman and Chief Executive Officer of the Prudential Asset
Management Group with responsibility for global institutional
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money management since 1993. From April 1985 to October 1987, he was a Managing
Director of Dillon Read & Co. Inc. ("Dillon Read") in its investment banking and
private investment origination group. From 1974 to 1985, Mr. Stevens held
several senior positions at Citicorp, including Chairman of Citicorp Venture
Capital Ltd. and Group Executive of the Capital Markets Group, responsible for
the Western Hemisphere merchant banking and investment management activities of
Citicorp. Mr. Stevens currently serves on the boards of directors of Biogen,
Inc. and Markem Corporation. Mr. Stevens received his B.A. degree from Williams
College and his M.B.A. from New York University. He is Chairman of the Board's
Audit Committee.
FREDERICK B. WHITTEMORE, 70, has been a director of the Company since its
inception in 1994. Mr. Whittemore currently serves as a member of the boards of
directors of Partner Re Services Ltd., Southern Pacific Petroleum and Chesapeake
Energy Corporation. Since 1989, Mr. Whittemore has been an Advisory Director at
Morgan Stanley. Mr. Whittemore started at Morgan Stanley in 1958; he was a
Partner from 1967 to 1970 and a Managing Director from 1970 until 1988. He was a
senior banker in Corporate Finance, Mergers and Acquisitions and Capital
Markets, and Syndicate Manager responsible for organizing and pricing all public
offerings. Mr. Whittemore has also been a member of the Council of Foreign
Relations since 1983 and was Chairman of the Board, Amos Tuck School of Business
Administration at Dartmouth College from 1988 to June 1992. From 1977 to 1984,
Mr. Whittemore was a Governor of the American Stock Exchange ("AMEX") and from
1982 to 1984 he was Vice Chairman of AMEX. Mr. Whittemore earned an A.B. degree
from Dartmouth College and an M.B.A. from the Amos Tuck School of Business
Administration. He is a member of the Board's Audit Committee.
ROBIN A. CLARK, 32, was appointed a director of the Company in January
2000. Mr. Clark is Chief Executive Officer of Euro Brokers Holdings Limited, the
Company's holding corporation for its London operations, and Joint Chairman of
its Euro Brokers Finacor venture. Mr. Clark joined Maxcor in 1994 to establish
its yen derivatives business in London, and assumed management responsibility
for its London operations in November 1996. Prior to joining Maxcor, Mr. Clark
was Divisional Director at M.W. Marshalls & Co.
CLASS II DIRECTORS
KEITH E. REIHL, 50, has been a director of the Company since April 1997,
and Chief Operating Officer of the Company from November 2001 to date. From
August 1997 to November 2001, Mr. Reihl was Chief Financial Officer of the
Company. Mr. Reihl also served as Treasurer of the Company from August 1997
through November 1998. Mr. Reihl also is the Chief Operating Officer and
Treasurer of Euro Brokers and a number of its subsidiaries, as well as a member
of such companies' respective boards of directors. Prior to being appointed
Chief Operating Officer of such companies in November 1996, Mr. Reihl had served
since 1983 as the Chief Financial Officer of Euro Brokers and a number of its
subsidiaries. Prior to that time, Mr. Reihl was employed for nine years by Price
Waterhouse LLP, serving lastly as Senior Audit Manager. Mr. Reihl is a certified
public accountant and received his B.A. degree in accounting from Elizabethtown
College in 1974.
WILLIAM B. WIGTON, 55, has been a director of the Company since its August
1996 acquisition of Euro Brokers. Mr. Wigton was a founding member and is a
Senior Managing Partner of Merrion Group, LLC, a broker-dealer since its
inception in 1989. He is also a managing director of and investor in Merrion
Investors, LLC, a private investment fund, and a managing director of Merrion
Partners, L.P. From 1996 to 1997 he served as a director of Munn, Bernhard &
Associates, a registered investment adviser. Mr. Wigton is also a director and
shareholder in Traquair Corp. From 1981 to 1989, Mr. Wigton was employed at
Lazard Freres & Co. and was a general partner from 1987 to 1989, with
responsibility
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for corporate bond sales. From 1979 to 1981, Mr. Wigton was a Senior Vice
President at Dillon Read. Prior thereto, he was associated from 1975 to 1979
with Morgan Stanley and from 1970 to 1975 with Morgan Guaranty Trust Company.
Mr. Wigton received his B.A. degree from Lynchburg College. He is a member of
the Board's Compensation Committee.
OSCAR M. LEWISOHN, 63, was appointed a director of the Company in January
2000. Mr. Lewisohn is currently Chairman of Soditic Limited, the London
subsidiary of the Soditic Group, a European investment banking group with other
offices in Geneva, Milan and Jersey, Channel Islands. He is also an advisor to
Mercury Asset Management, London. In Switzerland, Mr. Lewisohn is a director of
the HSBC Republic Bank (Suisse) S.A., Geneva. Mr. Lewisohn was formerly a Deputy
Chairman of S.G. Warburg & Co. Ltd. in London from 1987 to 1994, and a director
of the S.G. Warburg Group plc from 1985 to 1995. Mr. Lewisohn is a Life Governor
of the Imperial Cancer Research Fund, London, and a member of the President's
Committee of the Memorial Sloan Kettering Cancer Center, New York. He became a
member of the Board's Audit Committee in November 2000. |
