Gedale B. "Dale" Horowitz (June 13, 1932 – April 2, 2020) was an American banker and securities industry regulator known for serving on the executive committee of

Salomon Brothers Salomon Brothers, Inc., was an American multinational bulge bracket investment bank headquartered in New York. It was one of the five largest investment banking enterprises in the United States and the most profitable firm on Wall Street duri ...

, founding and chairing the

Public Securities Association The Bond Market Association (TBMA, previously Public Securities Association or PSA until 1997) was the international trade association for the bond market industry. It had headquarters in New York City and offices in London and Washington, D.C. Twen ...

and

Securities Industry Association The Securities Industry Association (SIA) was an association of firms and people who handle securities (in the financial sense) (stocks, bonds and their derivatives). In 2006, it merged with the Bond Market Association to form the Securities ...

, and being the founding member and chairman of the

Municipal Securities Rulemaking Board The Municipal Securities Rulemaking Board (MSRB) writes investor protection rules and other rules regulating broker-dealers and banks in the United States municipal securities market, including tax-exempt and taxable municipal bonds, municipal n ...

Education

Horowitz was educated at the

Bronx High School of Science The Bronx High School of Science, commonly called Bronx Science, is a public specialized high school in The Bronx in New York City. It is operated by the New York City Department of Education. Admission to Bronx Science involves passing the Spec ...

, graduated from Columbia College in 1953 and

Columbia Law School Columbia Law School (Columbia Law or CLS) is the law school of Columbia University, a private Ivy League university in New York City. Columbia Law is widely regarded as one of the most prestigious law schools in the world and has always ranked i ...

in 1955.

Career

Horowitz joined

in 1955 after graduating from law school and was made

general partner General partner is a person who joins with at least one other person to form a business. A general partner has responsibility for the actions of the business, can legally bind the business and is personally liable for all the partnership's debts an ...

in 1967. He would then serve on the executive committee of

until its sale to

Travelers Group The Travelers Companies, Inc., commonly known as Travelers, is an American insurance company. It is the second-largest writer of U.S. commercial property casualty insurance, and the sixth-largest writer of U.S. personal insurance through indepen ...

in 1997. After the merger between the

and

Citicorp Citigroup Inc. or Citi (Style (visual arts), stylized as citi) is an American multinational investment banking, investment bank and financial services corporation headquartered in New York City. The company was formed by the merger of banking ...

in 1998, he served as a managing director of

Citigroup Citigroup Inc. or Citi (Style (visual arts), stylized as citi) is an American multinational investment banking, investment bank and financial services corporation headquartered in New York City. The company was formed by the merger of banking ...

's Institutional Clients Group until his retirement in 2019, having served the firm and its predecessor for 60 years. In addition to his banking career, he served as a key delegate of industry trade groups and founded the

, a trade association of banks, dealers and brokers that underwrite, trade and sell U.S. federal, state and local government securities, in 1967 that later became the

Bond Market Association The Bond Market Association (TBMA, previously Public Securities Association or PSA until 1997) was the international trade association for the bond market industry. It had headquarters in New York City and offices in London and Washington, D.C. Twen ...

and served as its chairman in 1979. He also chaired the

in 1991, having served as its director from 1984 to 1986 and 1988 to 1990, as well as its treasurer in 1987. The two financial industry associations were later merged into the

Securities Industry and Financial Markets Association The Securities Industry and Financial Markets Association (SIFMA) is a United States industry trade group representing securities firms, banks, and asset management companies. SIFMA was formed on November 1, 2006, from the merger of the Bond Mar ...

. He was the only person in the securities industry to have served both posts. He also served on government boards, including the U.S. Treasury Borrowing Advisory Committee, from 1979 to 1991 and from 1996 to 2000, and served as its chairman in 1986 and 1987. He is most known for being appointed by the

U.S. Securities and Exchange Commission The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. The primary purpose of the SEC is to enforce the law against market ...

to serve as a founding member of the

and its chairman in 1977-78. Horowitz played an instrumental role in the financial recovery of

New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...

and

New York State New York, officially the State of New York, is a state in the Northeastern United States. It is often called New York State to distinguish it from its largest city, New York City. With a total area of , New York is the 27th-largest U.S. stat ...

and served as a director of the

Municipal Assistance Corporation A Municipal Assistance Corporation (MAC) was an independent New York State public-benefit corporation created by the State of New York for purposes of providing financing assistance and fiscal oversight of a fiscally-distressed city. Two MACs are ...

from 1988 to 1994. As senior director of

, he later led the financial recovery of

Orange County, California Orange County is located in the Los Angeles metropolitan area in Southern California. As of the 2020 census, the population was 3,186,989, making it the third-most-populous county in California, the sixth-most-populous in the United States, a ...

as the county's financial advisor during its 18-month bankruptcy period.

Philanthropy

He served as a trustee of

Barnard College Barnard College of Columbia University is a private women's liberal arts college in the borough of Manhattan in New York City. It was founded in 1889 by a group of women led by young student activist Annie Nathan Meyer, who petitioned Columbia ...

for 34 years and was a trustee emeritus of the women's college.

Personal life

He was predeceased by his wife, Barbara Silver Horowitz, in 2011. She was also a trustee of

and a graduate in the class of 1955. Horowitz died on April 2, 2020, at age 87 after a long illness.

References

{{DEFAULTSORT:Horowitz, Gedale B. 1932 births 2020 deaths American bankers American financiers Columbia College (New York) alumni Columbia Law School alumni Citigroup people American investment bankers The Bronx High School of Science alumni