Alger B. Chapman

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Alger "Duke" B. Chapman Jr.
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Alger "Duke" Baldwin Chapman Jr. (September 28, 1931 - February 18, 2013) spent over 50 years in the securities and futures markets, including serving as chairman and CEO of the Chicago Board Options Exchange.[1][2][3]

His career had been documented in the museum and archive of the history of financial regulation through the Securities and Exchange Commission Oral History Project. [4]

Early in his career Chapman worked for the Securities and Exchange Commission, and in 1961, joined the New York Stock Exchange as vice president for legal, governmental and civic affairs. Chapman then moved on to serve as chief executive officer of Shearson Hamill and later as co-chairman of Shearson Loeb Rhodes, and ultimately vice chairman of American Express International Bank Co. after American Express acquired Shearson.

He was chairman and chief executive officer of the Chicago Board Options Exchange (CBOE) from 1986 to 1997. [5] Under his leadership, he oversaw the expansion of CBOE's listed equity options from 173 to 850, and the growth of stock index option products from 2 to 35.

In 1998, Chapman became vice chairman of Investment Banking and Capital Markets for Amsterdam-based ABN Amro Group NV and was based in Chicago. He moved on to serve as CEO of ABN Amro Financial Services until his retirement in 2004. During his year of semi-retirement, Chapman served as an advisor with Wall Street Management and Capital, Inc., a strategic consulting and planning firm to private firms and publicly traded corporations, and as a director of The Cambridge Group.

In 2013, Chapman was inducted into the Futures Industry Association's Futures Hall of Fame, which was established in 2005 to commemorate outstanding contributions to the global futures and options community. [6]

Background[edit]

In addition to his professional duties, Duke Chapman served as a trustee for the Institute for Financial Markets[7] from 1997 to 2012. He also served on the Advisory Board for the Review of Futures Markets [8], a quarterly financial journal published by the Institute for Financial Markets.

He also served on the board of ISO New England Inc. (ISO-NE) operates as an independent, not-for-profit corporation responsible for providing day-to-day operation of New England’s bulk power generation and transmission system. ISO-NE was created in 1997 by the Federal Energy Regulatory Commission, as a replacement for the New England Power Pool (NEPOOL), which was created in 1971.

Duke Chapman's father, Alger Baldwin Chapman (November 2, 1904 - November 3, 1983), was an adviser to New York Governor Thomas Dewey and served as chairman and CEO of Beech-Nut Life Savers Inc, which merged with E. R. Squibb and Sons Inc., later becoming the Squibb Corporation. Chapman remained a director of Squibb after the merger, and also served as a director of ABC, the Bowery Savings Bank and the Bank of New York. His mother was the former Elizabeth Libby Ives.

Education[edit]

He earned his LLB from the School Of Law, Columbia University, and a Bachelor's Degree from Williams College.

References[edit]