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Systemic Resolution Advisory Committee Member Biography
William H. Donaldson

William H. Donaldson has spent more than 40 years at the highest levels of business, government and academia. He is Chairman of Donaldson Enterprises, a private investment firm. He served as the 27th Chairman of the U.S. Securities and Exchange Commission. In January 2009 he was appointed by President Obama to the newly formed Presidents Economic Recovery Advisory Board and was named by Shang Fulin, Chairman of the China Securities Regulatory Commission, to the International Advisory Council to the Commission.

Prior to heading the SEC, Mr. Donaldson was Chairman, President and Chief Executive Officer of Aetna, Inc. one of the nation's largest providers of health insurance and related benefits, and before that served as Chairman and Chief Executive of the New York Stock Exchange. Earlier in his career, he was the Co-Founder, Chairman and Chief Executive Officer of the investment banking firm of Donaldson, Lufkin & Jenrette (DLJ) and co-founder of its wholly owned subsidiary the Alliance Capital Management Corporation. He was selected as Business Man of the Year in 1970 by the Associated Press when DLJ became the first NYSE firm to sell its shares to the public.

He left DLJ to accept a Presidential appointment as United States Undersecretary of State serving under Secretary Henry Kissinger and subsequently served as Counsel to the then Vice President of the United States, Nelson Rockefeller. Following that, he was the Founding Dean and William S. Beinecke Professor of Management at the Yale University Graduate School of Management.

He has been a director of fourteen publicly held corporations and a number of privately owned businesses. He has served as Chairman and Trustee of the Carnegie Endowment for International Peace and on the boards of numerous philanthropic, arts and educational institutions, among them The Ford Foundation, Lincoln Center for the Performing Arts, The Aspen Institute and Yale University. He has received a number of honorary degrees and awards.

Earlier in his career, Mr. Donaldson, served as a first lieutenant in the U.S. Marine Corps in the Far Eastern Theatre (Japan - Korea), as a rifle platoon commander and later as aide-de-camp to the Commanding General of the 1st Provisional Marine Air Ground Task Force.

He graduated from Yale University (BA American Studies) and received an MBA (with distinction) from Harvard Graduate School of Business Administration, and is a Chartered Financial Analyst (CFA).

He is married to Jane Phillips Donaldson and is the father of three children: Kimberly E. Donaldson (Mrs. Andre Kikoski), Matthew E. Donaldson and Adam J.P. Donaldson. He resides in New York City and Waccabuc, NY.

Last Updated 06/17/2011 communications@fdic.gov