Treasurer
Business Background:
Ed started his career at Goldman Sachs & Company in 1968 in their margin department. He continued to work at Goldman Sachs & Co for the next 33 years. He retired in 2001 having obtained the position of Managing Director and Chief of Staff within the Operations Division. During his time at Goldman Sachs & Co. he also held a number of industry positions including Chairman of the Board of Directors of the Government Securities Clearing Corp and Chairman of the Board of Directors of the Mortgage Backed Securities Clearing Corp. In addition he served on the Boards of Depository Trust Clearing Corp (DTCC) and National Securities Clearing Corp (NSCC). As an active member of the Bond Market Association he chaired the Government Operations Committee as well as the Mortgage Backed Securities Operations Committee. In 1994 he was awarded the PSA’s Chairman’s award as the individual from this organization who made the greatest contribution to the financial industry that year.
Upon retiring from Goldman Sachs & Company Ed formed W-LEFT Financial Consultants. This firm was formed to make consulting services available in the operational and clearing areas of the financial world. From 2002 through 2007 he consulted for various financial firms and individual investors including DTCC, MBSCC, Omgeo, London Clearing House/CleatNet.
After a short stint at retirement he was approached in 2008 by the LCH.ClearNet Group, the largest clearing corporation in Europe, based in London and Paris, and was asked to open and head their first office in the United States as their Senior Country Advisor. Over he next two and a half years he organized and built the office increasing staff from two people (2) to over thirty (30). During his tenure in this position he established employee polices with regard to vacation, sick days, profit shearing, compensation, etc. to meet standards acceptable in the United States. He returned to retirement in 2011.
Experience on Non-Profit Boards:
During the period of 2009 to 2012 he served on the Board of Directors of both the New York State Coalition of LMSW’s, Inc. (a 501c-3 Corp.) and the New York State Coalition of Social Workers, Inc. (a 501c-3 corp.) as treasurer of these non-profit organizations. He is currently on the Board of Directors (Secy) of the Friends of the Market Street Mission, Inc. (a 501c-3 Corp.) This group raises funds to help support the programs of the Market Street Mission in Morristown, NJ. The mission provides housing, training and support for homeless men who are addicted to substances. They have been in existence for 126 years.
Ed resided in Brooklyn Heights, NY until 2003 when he and his wife Linda moved to West Caldwell New Jersey to be closer to their daughter (Brooke) and her family. Here they enjoy the company of not only their daughter and her husband (Jeff) but also their three grandchildren – Anthony, Benjamin and Christopher (the ABC Boys).
Ed is an avid golfer, chess player, and reader. He carries memberships with him and is a frequent visitor to both the Metropolitan Museum of Art and the Museum of Natural History. In addition, he subscribes to a series of concerts at the New York Philharmonic annually.