Boston Stock Exchange Announces Management Changes.Business Editors NOTE TO MEDIA: Photo available on BW PhotoWire/AP PhotoExpress, NewsCom, PressLink and on Business Wire's Web site at www.businesswire.com BOSTON--(BUSINESS WIRE)--Nov. 1, 2000 Kenneth R. Leibler to Become Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. ; William G. Morton, Jr. to Serve as Senior Advisor In some countries, a Senior Advisor is an appointed position by the Head of State to advise on the highest levels of national and government policy. Sometimes a junior position to this is called a National Policy Advisor. ; Transition Effective March, 2001 EDITORS AND ASSIGNMENT DESKS PLEASE NOTE: MEDIA AVAILABILITY SCHEDULED FOR NOON TODAY IN THE MEZZANINE CONFERENCE ROOM OF THE BOSTON STOCK EXCHANGE The Boston Stock Exchange (BSE) is a regional stock exchange located in Boston, Massachusetts. The third-oldest stock exchange in the United States, it was founded in 1834. On October 2nd, 2007 Nasdaq agreed to acquire BSE for $61 million. The Boston Stock Exchange (BSE See Bombay Stock Exchange. BSE See Boston Stock Exchange (BSE). ) announced today that William G. Morton, Jr., the longest serving stock exchange chief executive in the country, will step down as Chairman and CEO on March 30, 2001, after 16 years of service. Mr. Morton will be succeeded by Kenneth R. Leibler, former President and CEO of Liberty Financial Companies and past President of the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. . Mr. Morton will be named Chairman Emeritus and continue to serve the Exchange as a senior advisor. In accepting Mr. Morton's resignation, the Board applauded his exceptional leadership at the BSE during its period of greatest growth as well as his lifelong contributions to the nation's securities markets. The Board's selection of Mr. Leibler, who has been a Governor of the Boston Stock Exchange Board for 10 years and is a key member of the Exchange's Strategic Advisory Committee, is a reflection of Mr. Leibler's breadth of experience in the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry and his extensive knowledge of exchange products and operations. "The Boston Stock Exchange is extremely fortunate to attract an executive with Ken Leibler's experience and stature as its next Chairman and CEO," said Mr. Morton. "I've worked closely with Ken for more than 20 years and know that he is the right person with the right experience, at the right time for the BSE. He is ideally suited to lead the Exchange in a period of enormous change in our industry that offers a wide range of opportunities for future growth." "I am truly energized by this opportunity," said Mr. Leibler. "Under Bill Morton's leadership, the Exchange experienced the most dynamic growth in its 166-year history. We will be well-positioned to build upon the foundation that Bill and his team have created - strong client relationships, a record of product innovation, quality markets, and a reputation for client service that is second to none in the industry." Mr. Morton has been Chairman and Chief Executive Officer of the Boston Stock Exchange since 1985. During his tenure, the BSE established a distinguished reputation as a quality marketplace with unparalleled customer service and a prestigious customer base. In recent years, the Years, The the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time BSE has posted record volume growth, due in large part to the introduction of new trading products and technology. In 1999, Mr. Morton oversaw o·ver·saw v. Past tense of oversee. the relocation of the BSE to a landmark building in Boston's financial district. Mr. Morton's career in the securities industry spans 40 years. Before joining the BSE, Mr. Morton held senior positions at Dean Witter Reynolds Dean Witter Reynolds was an American stock brokerage catering to the middle class. In 1997, it merged with the Morgan Stanley Group to form Morgan Stanley Dean Witter. The amalgamated firm is now known as Morgan Stanley. and Mitchell Hutchins, responsible for managing stock trading and exchange floor operations for both firms. He was a floor member and floor official at several U.S. stock exchanges, and served on a number of prominent securities industry committees. Kenneth R. Leibler has served the Boston Stock Exchange as a Governor of the Board and a member of key committees for the past decade. Most recently, Mr. Leibler served as the President and Chief Executive Officer of Liberty Financial Companies, a publicly traded financial services firm with more than $65 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . Under his management, Liberty experienced a four-fold increase in its assets under management. Prior to joining Liberty in 1990, Mr. Leibler was the President of the American Stock Exchange, a post he held for four years. At the AMEX AMEX See: American Stock Exchange , Leibler led the establishment and growth of the Exchange's innovative options trading program. Mr. Leibler began his career in the securities industry in 1972 with Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking. where he founded and headed the options trading department. About the Boston Stock Exchange The Boston Stock Exchange, Inc. (BSE) is a premier, national equities exchange that offers exceptional market quality, highly specialized products and services, innovative technology and outstanding customer service to the investment community. Long regarded as New England's exchange, the BSE has from its beginnings played an important part in the development of the region's financial markets, serving public companies, investment institutions, and brokerage firms. Also important is the vital role the Exchange performs today as a national, competitive exchange within the strongest capital market system in the world. Additional information about the BSE can be found at www.bostonstock.com. EDITORS AND ASSIGNMENT DESKS PLEASE NOTE: A media availability with both Mr. Morton and Mr. Leibler will take place at noon today in the Boston Stock Exchange's mezzanine-level conference room, 100 Franklin Street The following roads are named Franklin Street:
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