Max C. Chapman Jr.

Max Chapman

Max C. Chapman Jr. ’69
Chairman, Gardner Capital Management Corp., New York

Max Chapman is chairman of Gardner Capital Management Corp., a private investment management firm in New York City.

From 1989 until 1999, Mr. Chapman held several executive positions within the Nomura Securities Co., Ltd. (Tokyo) group of companies. In 1989, he was named cochairman of Nomura Holding America Inc., and he was appointed chief executive officer in June 1992, a title he held until he became nonexecutive chairman in 1996. He became a director of the Nomura Securities Co., Ltd. (Tokyo) in 1990 and was promoted to managing director in 1996. He served as chairman of Nomura Europe Holding plc (London) in 1997 and 1998. He relinquished all Nomura positions effective March 1999.

From 1969 until 1989, Mr. Chapman was employed at Kidder, Peabody & Co., Inc. He began his career at Kidder, Peabody in the corporate finance department, serving as an investment banker until 1980, during which time he became vice president and shareholder. In 1980, he founded the financial futures department, and in 1983 he became director of the fixed-income group while retaining his other responsibilities. In 1986, he cofounded the high-yield bond group, and a year later he was appointed director of Kidder, Peabody’s global capital markets group. In 1987, he was elected president and chief operating officer of Kidder, Peabody Group, Inc., the holding company, and president and chief executive officer of Kidder, Peabody & Co., Inc., its investment banking and broker-dealer subsidiary. He also served as a member of the board of directors and vice chairman of the management committee of Kidder, Peabody Group, Inc., and was a member of the board of directors of General Electric Capital Corporation and General Electric Financial Services, Inc.

Mr. Chapman joined the board of directors of the American Stock Exchange in December 1990 and became a vice chairman in May 1996, a position he held until the AMEX was sold to the NASD in October 1998. During this time, Mr. Chapman also served as a director of the Chicago Mercantile Exchange, the Futures Industry Association, and the Securities Industry Association. He is also chairman of the University of North Carolina at Chapel Hill Foundation Investment Fund, Inc., chairman of the National Fish and Wildlife Foundation, and a trustee of the Grand Teton National Park Foundation and the National Air and Space Museum.

Mr. Chapman received a BA in economics with honors in 1966 from the University of North Carolina at Chapel Hill and an MBA in finance in 1969 from Columbia Business School. He has a daughter and two married sons. Mr. Chapman is an avid golfer as well as an instrument-rated pilot and collector of WWII fighter aircraft.