Donald Marron is Chairman, Chief Executive Officer and founder of Lightyear Capital, a private equity firm providing buyout and growth capital to companies in the financial services industry.  Mr. Marron is a member of the Lightyear Investment Committee.

Mr. Marron has been a prominent figure in the financial services industry for more than 40 years, during which time he led a major Wall Street firm and distinguished himself as a successful entrepreneur. Mr. Marron served as Chairman and Chief Executive Officer of PaineWebber Group Inc. until its merger in November 2000 with UBS AG. During Mr. Marron's 20-year tenure, PaineWebber grew into one of the nation’s largest full-service securities firms. The combination of UBS and PaineWebber made UBS the world’s largest wealth manager. Following the merger, Mr. Marron served as Chairman, UBS America, at UBS until September 2003, when he left to devote his full attention to Lightyear Capital.

Mr. Marron came to PaineWebber as a result of a merger he led between the firm and Mitchell Hutchins, which he headed at the time. In 1980, three years after coming on board, he was named PaineWebber’s Chief Executive Officer. He had been named president of Mitchell Hutchins in 1967, only two years after it acquired a securities firm he founded in 1959, and had guided its transformation from a predominately retail orientation into one of the leading U.S. players in institutional equities.

On a separate track, Mr. Marron co-founded Data Resources Inc. (DRI) in 1969 with Harvard economist Dr. Otto Eckstein. DRI became the largest non-governmental source of economic data in the world. During DRI's first three years, Mr. Marron was its Chairman of the board and Co-Chief Executive Officer. He continued as its Chairman until McGraw-Hill Companies purchased the firm in 1979.

Mr. Marron began his career at the New York Trust Company, leaving at the age of 24 to start his career as an entrepreneur and leader in the financial services industry.

continue...