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Frank G. and Patricia K. Zarb

11th Annual Hofstra Gala Honorees

The Zarbs

Patricia K. Zarb is a former reading specialist, classroom teacher, and admissions officer with a B.S. in Education from Hofstra University as well as an M.S. in Learning Disabilities-Reading, Professional Diploma in Reading and (almost) Ph.D. in Cognition, Language and Reading. Like her husband, Pat is celebrating her 50th anniversary of her graduation from Hofstra in May 2007. Chair for three years, she continues to serve on the board of the Joan and Arnold Saltzman Center at Hofstra University. Pat has been a member of the board since its inception 14 years ago. The Center encompasses a Child Care Institute, Psychological Evaluation Research and Counseling Clinic, a Reading/Writing Learning Clinic, Speech/Language/Hearing Clinic and a Marriage and Family Clinic.

Frank G. Zarb is an internationally renowned leader in the financial services industry. He has served as Chair and CEO of the National Association of Securities Dealers, as chair and CEO of the NASDAQ Stock Market, Inc. (a NASD company), as Chairman, CEO and President of Alexander & Alexander Services, Inc., Vice Chairman and Group Chief Executive of The Travelers, Inc., Chairman and CEO of Smith Barney, and a senior partner of Lazard Freres & Co.

From 1974 through 1977, Frank was the senior official for all US government energy-related activities, serving as Executive Director of the Cabinet-level Energy Resources Council, Administrator of the Federal Energy Administration, and Assistant to the President for Energy Affairs (the “Energy Czar”). He led the nation’s energy response to the first major oil embargo. Prior to those appointments, he had been Associate Director of the Office of Management and Budget from 1973 to 1974 and served as Assistant Secretary of Labor between 1971 and 1972. He has served in various assignments with the Nixon, Ford, Reagan, Bush, and Clinton administrations.

Currently he serves as Managing Director and Senior Advisor to Hellman & Friedman LLC. He is also Non- Executive Chairman of the Promontory Financial Group. He is a former Chairman of the NYSE Nominating Committee and currently serves as a member of the Board of Trustees of the Gerald R. Ford Foundation.

Frank has also served as chairman of several state agencies and commissions, including the Long Island Power Authority, the NYS Commission on Education Reform and the Nassau County Interim Finance Authority. He was a member of the Mayor’s Commission on Homelessness in New York City. Governor Pataki appointed him to the Board of Directors of the Lower Manhattan Development Corporation, an organization charged with overseeing the development of the Downtown New York City area following the September 11th World Trade Center attacks.

He is a former Chairman of the Board of Trustees of his alma mater, Hofstra University, where he still serves as a Board member. Hofstra named its business school after him.

Frank, who earned his B.S. and M.B.A. degrees in business from Hofstra University, in 1957 and 1962, respectively, was awarded an honorary Doctor of Law degree by the University and the school’s Outstanding Scholar Award. The Georgetown University McDonough School of Business conferred an Honorary Doctorate on him in 2000.

Pat and Frank were married in their senior year at Hofstra, March 31, 1957.