Salvatore F. Sodano

Salvatore F. Sodano
Chairman & CEO
American Stock Exchange
Italian
2000 Recipient

Salvatore F. Sodano was elected Chairman and Chief Executive Officer of The American Stock Exchange LLC, in September 1999. In this role, Sodano joined the National Association of Securities Dealers, Inc. (NASD), Board of Governors and will continue to serve as the NASD Chief Operating Officer. Sodano had been acting President of the American Stock Exchange (Amex) since March 1999. He played an integral role in evaluating and negotiating the strategic combination between the NASD and the Amex, which was completed in November1998, and has since led the Amex’s integration effort. Under Sodano’s leadership, the Amex launched initiatives to upgrade its technology, expand listings and trading volume for each of the Amex’s three product lines- equities, options, and index-linked products- and strengthen its regulatory and overnight structure. He replaced former Federal Reserve Governor Richard F. Syron, who stepped down as chairman in May 1999.

In addition, Sodano is a member of the NASD Office of the Chairman, which is responsible for strategic development and policy initiatives. Sodano is a member of the Board of Directors of Securities Industry Automation Corporation (SIAC), and Chairman and President of Securities Dealers Insurance Company, Ltd. (SDIC), a wholly owned fidelity bond insurance subsidiary of the NASD.

Sodano joined the NASD in June 1997 as Executive Vice President and Chief Financial Officer and was appointed Deputy Chief Operating Officer and Chief Financial Officer in February 1998. Prior to this he was Senior Vice President, Chief Manager and Principal Operating Officer of Westpac Banking Corporation, Americas Division, in New York. There, he had responsibility for all support functions of the company and periodically was responsible for the entire operation. He joined Westpac in 1990 as Vice President and Deputy Controller, New York Branch. He became Vice President and Controller, New York Branch, in 1991; Vice President and Controller, Americas Division, in 1993; Senior Vice President and Chief Financial Officer in 1994; and Chief Manager and Principal Operating Officer, Americas Division in 1995.

From 1983 to 1990, Sodano worked for the Bankers Trust Company in New York, where he held three progressively responsible positions. In his final position as Vice President and Group Head, Corporate Controllers Department, he was responsible for managing the worldwide functional controllership network, international accounting, the regulatory accounting division, and the corporate accounting policy division. From 1979 to 1983, he was the Assistant to the Treasurer for Morgan Guaranty International Finance Corporation. Following college graduation, he worked briefly on the audit staff at Price Waterhouse in New York.

Sodano is a member of the Dean’s Executive Council at the Frank G. Zarb School of Business at Hofstra University. He earned his bachelor’s degree in 1977 in Accounting and Economics, and his master’s degree in 1983 in Finance and Investments from Hofstra University. In 1986, he completed a course of study in management from the University of Pennsylvania, The Wharton School.

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