Crains New York - June 17, 2013 - (Page 8)

29% BUSINESS PEOPLE Average six-year graduation rate at CUNY community colleges Source: Center for an Urban Future EXECUTIVE MOVES FORMIDABLE TASK: Judd Gregg’s challenge will be to convince the public that what’s good for banks is good for America. bloomberg news Wolters Kluwer Tax & Accounting: Karen Abramson, 43, was promoted to chief executive of the agency. She was previously chief executive of CCH Tax & Accounting, GOTHAM GIGS Bringing Wall St. to Main St. SIFMA chief needs to re-establish trust in finance Agency staffers refer to Mr. Gregg as Sen. Judd One of the darkest hours of the 2008 financial crisis came when Congress voted down a bill creating the Troubled Asset Relief Program, or TARP. The Dow Jones industrial average sank more than 700 points on the news, forcing proponents like Sen. Judd Gregg to press colleagues for approval of the legislation that led a few weeks later to the bailout of the nation’s banking system. ¶ Today, Mr. Gregg faces another formidable challenge. In his new role as chief executive of Wall Street’s chief trade group, the Securities Industry and Financial Markets Association, he needs to explain to the general public that what’s good for banks is also good for America. ¶ “We need to reconnect” with Main Street, Mr. Gregg said at a press briefing May 20. ¶ It won’t be an easy task, even for Mr. Gregg, who during his nearly 30 years in Congress positioned himself as a moderate Republican and 8 | Crain’s New York Business | June 17, 2013 four years ago flirted with becoming President Barack Obama’s commerce secretary. ¶ Finance is the least-trusted industry in the world, according to a recent survey by public-relations firm Edelman, ranking behind oil, tobacco and drug companies. ¶ It isn’t clear how much Mr. Gregg will be paid to lead SIFMA, whose 600 members range from giants like Morgan Stanley to little-known brokerage firms. His predecessor, Timothy Ryan, was paid $3 million in 2010, before decamping to JPMorgan Chase. ¶ Mr. Gregg worked closely with the financial industry as the chairman of Senate committees overseeing the budget and pensions. After his time in public service, he was an adviser at Goldman Sachs. ¶ SIFMA staffers seem so familiar with their new boss that they introduced him to the press as Sen. Judd instead of the more formal Sen. Gregg. —aaron elstein North America. AllSector Technology Group Inc.: Stuart Myer, 51, joined the information technology company as chief technology officer and executive vice president, a newly created position. He was previously vice president of systems design and development at Visiting Nurse Service of New York. Standard Media Index: Ynon Kreiz, 48, was appointed to the board of directors at the ad-expenditure data company. He will continue as executive chairman at Maker Studios. North Shore-LIJ Health System: David Samadi, 46, joined the health care network as chair of urology at Lenox Hill Hospital and professor of urology at Hofstra North Shore-LIJ School of Medicine. He was previously assistant professor of urology at Mount Sinai Medical Center. Cooper-Hewitt National Design Museum: Caroline Baumann, 46, was named director. She was previously acting director. Polytechnic Institute of New York University: Micah Kotch, 35, was promoted to director of innovation and entrepreneurship at the school. He was previously director of incubator initiatives. ETF Securities: Mike McGlone, 48, joined the financial services company as director of research, a newly created position. He was previously product manager and head of commodities at S&P Indices. Leeser Architecture: Scott Miller, 29, joined the firm as business development director. He was previously group marketing manager at ESI Design. Avison Young: Shari Krasnow-Renzi, 46, joined the real estate firm as director of project management. She was previously director at Turner & Townsend Ferzan Robbins. CBIZ Valuation Group: Steve Choi, 44, joined the consulting firm as director. He was previously senior manager at Ernst & Young. Trinity Wall Street: Rev. Canon Benjamin MusokeLubega, 56, was promoted to director of the nonprofit’s Faith in Action program. He was previously deputy for Anglican partnerships. The Garden City Group Inc.: Scott Friedman, 40, joined the legal administrative services company as assistant director, bankruptcy. He was previously counsel, business restructuring and reorganization, at Jones Day. New York Shipping Association: Susan Winfree, 50, was promoted to vice

Table of Contents for the Digital Edition of Crains New York - June 17, 2013

IN THE BOROUGHS
IN THE MARKETS
THE INSIDER
SMALL BUSINESS
BUSINESS PEOPLE
OPINION
GREG DAVID
FOR THE RECORD
REPORT: FORTUNATE 100
THE LIST
REAL ESTATE DEALS
CLASSIFIEDS
NEW YORK, NEW YORK
SOURCE LUNCH
OUT AND ABOUT
SNAPS

Crains New York - June 17, 2013