Banking Executive Joins Carnegie Corporation Of New York's Board

Geoffrey T. Boisi, an investment banker at Chase Manhattan Bank in New York City, was elected to a four-year term on Carnegie Corporation of New York’s board of trustees at its October 2000 board meeting. Boisi, a well-respected businessman, brings his experience in the global marketplace, his commitment to education and his long career in philanthropic work to the foundation.

"Geoffrey Boisi’s success in the fast moving global world of finance where mergers and acquisitions demand immediate responses has never prevented him from putting educational and charitable challenges at the top of his agenda," says Vartan Gregorian, president of Carnegie Corporation of New York. "We look forward to adding his energetic voice to our impressive board as we craft strategies that can advance educational opportunities in the U.S., Africa and the former Soviet Union. Knowledge is the critical key to advancing our societies and Geoffrey’s perspective will be an important one."

Boisi is currently vice chairman of the Chase Manhattan Corporation and the Chase Manhattan Bank, responsible for Chase’s Investment Bank, and a member of Chase’s Executive and Management committees. Upon completion of the proposed merger between Chase and J.P. Morgan Bank, Boisi will become Co-CEO of the firmçs Investment Bank and vice chairman of the new holding company, J.P. Morgan Chase & Co. He will continue to serve on the Executive and Management committees.

Before joining Chase in July 2000, Boisi was chairman and senior partner of The Beacon Group, a merger and acquisition advisory and private investment firm which was acquired by Chase. Before the formation of The Beacon Group, Boisi spent 22 years with Goldman, Sachs & Co., most recently as a member of the firm’s Management Committee and head of the Investment Banking division which oversaw worldwide mergers and acquisitions, real estate, capital markets and investment activities.

Boisi received an M.B.A. from The Wharton School at the University of Pennsylvania and a B.A. from Boston College where he serves on the Executive Committee of the board of trustees and co-chairs the capital campaign. He is also an overseer of The Wharton School and a member of the Investment Committee of the University of Pennsylvania. Education has been and continues to be a major interest for Boisi who is a co-founder and chair of The National Mentoring Partnership and a director of Communities in Schools. In addition, Boisi is a Knight of Malta and is active in philanthropic endeavors as a trustee for the Papal Foundation and Joseph P. Kennedy Enterprises.

Carnegie Corporation of New York was begun by Andrew Carnegie in 1911 for the "advancement and diffusion of knowledge and understanding" and has an endowment of $1.7 billion as of September 30, 1999. The Corporation expects to issue grants of $75 million in the next year in the areas of education, international peace and security, international development and Special Projects: Civic Engagement for the 21st Century.