Federal Reserve Bank of New York competitors

Mr. Gorman is Chairman and CEO of Morgan Stanley. Mr. Gorman became CEO in January 2010 and Chairman in January 2012. He joined the Firm in February 2006 and was named Co-President in December 2007. Before joining Morgan Stanley, Mr. Gorman held a succession of executive positions at Merrill Lynch. Prior to this, he was a senior partner of McKinsey & Co. and began his career as an attorney in Melbourne, Australia. Among his civic activities, Mr. Gorman serves as a Director of the Federal Reserve Bank of New York and the Council on Foreign Relations, and is a member of the Board of Overseers of the Columbia Business School, the Monetary Authority of Singapore International Advisory Panel, the Business Council, and the Board of the Institute of International Finance. He formerly served as President of the Federal Advisory Council to the U.S. Federal Reserve Board, Co-Chairman of the Partnership for New York City, Chairman of the Board of the Securities Industry and Financial Markets Association and Co-Chairman of the Business Committee of the Metropolitan Museum of Art. Mr. Gorman, who was born in Australia, earned a B.A. and Law degree from the University of Melbourne and an M.B.A. from Columbia University

Ted Mathas is Chairman of the Board of Directors and Chief Executive Officer of New York Life Insurance Company, the nation’s largest mutual life insurer with more than $500 billion in assets under management. The core business includes life insurance, retirement income, investment management, and long-term care insurance. New York Life is the leading provider of life insurance and income annuities in the U.S. Mr. Mathas became Chief Executive Officer on July 1, 2008, and was named Chairman of the Board of Directors on June 1, 2009. He joined New York Life in 1995 and previously served as the Company’s Chief Operating Officer, in addition to holding senior management positions in New York Life’s life insurance and annuity businesses and Agency Department. Mr. Mathas has been a director of the Company since July 2006. He was appointed to New York Life’s Executive Management Committee in June 2002. Mr. Mathas serves on the Executive Committee of the American Council of Life Insurers, as well as the Boards of the American Museum of Natural History and the Partnership for New York City. Mr. Mathas graduated with distinction from Stanford University with an A.B. and earned a J.D. from the University of Virginia.