Donald Marron founded Lightyear Capital in 2000 and serves as Chairman and a member of the Investment Committee.
Prior to founding Lightyear Capital, Mr. Marron served as Chairman and Chief Executive Officer of Paine Webber Group Inc. for twenty years, from 1980-2000. In 2000, PaineWebber merged with UBS AG, creating a top wealth and asset management firm. Following the merger, Mr. Marron served as Chairman of UBS America until September 2003. Prior to his tenure at PaineWebber and UBS, Mr. Marron served as President and Chief Executive Officer of Mitchell Hutchins, overseeing its transformation from a predominately retail-oriented firm into one of the leading U.S. institutional research firms. Mr. Marron began his career at the New York Trust Company.
In addition to his four decades of leadership as an executive, Mr. Marron has also distinguished himself as an entrepreneur. In 1969, he co-founded Data Resources Inc. ("DRI") with Harvard economist Dr. Otto Eckstein. DRI became the largest non-governmental source of economic data in the world. Mr. Marron served as DRI’s Chairman until McGraw-Hill Inc. purchased the firm in 1979.
Mr. Marron serves as Chairman of the Board of Directors of Lightyear portfolio company Cetera Financial Group and serves on the Board of Directors of Lightyear portfolio companies Clarion Partners and Cooper Gay Swett & Crawford Limited. Mr. Marron is a former Director of Fannie Mae and a former Director of Shinsei Bank. He is a former Director of the New York Stock Exchange, former Governor and Vice Chairman of the Securities Industry Association, and former Governor of the National Association of Securities Dealers.
Mr. Marron is Chairman Emeritus of the Center for the Study of the Presidency, a member of the Council on Foreign Relations, and a Trustee of the Center for Strategic and International Studies (CSIS). Mr. Marron is also a member of Memorial Sloan-Kettering Cancer Center’s Board of Overseers and a Trustee of New York University. A collector of modern art, Mr. Marron is a longtime Trustee, former President, and current President Emeritus of the Board of Directors of the Museum of Modern Art.
A lifelong resident of New York City, Mr. Marron attended New York City public schools and The City University of New York.
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