Meyer (Sandy) Frucher

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Sandy Frucher
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Occupation Vice Chairman
Employer NASDAQ OMX
Location Philadelphia, U.S.
Twitter @SandyFrucher
LinkedIn Profile
Website www.nasdaq.com

Meyer S. (Sandy) Frucher is the vice chairman of Nasdaq. He assumed this role when NASDAQ completed its acquisition of the Philadelphia Stock Exchange (PHLX) in July of 2008. On October 21, 2019, Nasdaq announced that Frucher would end his 11-year tenure as vice chairman and assume the role of strategic advisor effective January 1, 2020.[1]

Frucher was previously chairman and chief executive officer of the Philadelphia Stock Exchange from 1998 to 2008. [2] He is responsible for global exchange relationships and serves as a senior advisor to Nasdaq’s senior management team on a broad range of industry and regulatory issues.[3][4]

He also served as a member of the board of directors of the Options Clearing Corporation. [5] and serves on the board of directors of the World Federation of Exchanges.[6][7]

He received the Joseph W. Sullivan Award at the annual Options Industry Council (OIC) conference in 2013.

Background

Frucher was appointed chairman and chief executive officer of the Philadelphia Stock Exchange (PHLX) in June 1998. In 2004 he oversaw the demutualization of the PHLX, which became the first floor-based exchange in the U.S. to convert from a seat-owned, mutual cooperative institution to a for-profit, shareholding company. He also led the revitalization of the Philadelphia Board of Trade (PBOT), the futures market subsidiary to the PHLX.[8]

Before joining the PHLX, Frucher served as a management consultant to organizations including World Financial Properties Inc. (formerly Olympia and York). He served as executive vice-president of development for Olympia and York from 1988 to 1996. He served from 1984 to 1988 as president and CEO of the Battery Park City Authority in New York City. Frucher was chief labor negotiator for the state of New York from 1978 to 1983.

He is the founding chairman and current member of the board of the Massachusetts Museum of Contemporary Art.

Education

Frucher received a Bachelor's degree in Government from Columbia University and earned a Master of Public Administration degree from the John F. Kennedy School of Government, Harvard University.

References

  1. Nasdaq’s Sandy Frucher to Retire as Vice Chairman. Nasdaq.
  2. Biography. PHLX.
  3. Nasdaq Leadership. Nasdaq.
  4. Meyer Sandy Frucher. Bloomberg.
  5. Board Member Biographies. The Options Clearing Corporation.
  6. 2010 Annual Report & Statistics. World Federation of Exchanges.
  7. Board of Directors. World Federation of Exchanges.
  8. Bios-Meyer S. Frucher. OCC.