Gedale B. Horowitz

Gedale B. "Dale" Horowitz
Born	(1932-06-13) June 13, 1932
Died	April 2, 2020(2020-04-02) (aged 87)
Occupation(s)	Investment banker, securities regulation leader
Years active	1955–2019
Known for	Leadership at Salomon Brothers; founding member and chairman of Municipal Securities Rulemaking Board; chairman of Public Securities Association and Securities Industry Association

Gedale B. "Dale" Horowitz (June 13, 1932 – April 2, 2020) was a prominent figure in American banking and securities regulation, recognized for his leadership roles at Salomon Brothers, his pioneering involvement in establishing the Public Securities Association and Securities Industry Association, as well as his foundational membership and chairmanship of the Municipal Securities Rulemaking Board.

Education

Horowitz earned his undergraduate degree from Columbia College in 1953, followed by a law degree from Columbia Law School in 1955.

Career

Beginning his career at Salomon Brothers in 1955, Horowitz advanced to become a general partner by 1967 and remained on the executive committee until the firm was acquired by Travelers Group in 1997. After the 1998 consolidation of Travelers Group with Citicorp, he took on the role of managing director within Citigroup's Institutional Clients Group until his retirement in 2019, marking six decades of continuous service with the company and its antecedents.

In 1967, he established the Public Securities Association, an organization representing banks, dealers, and brokers engaged in government securities underwriting and trading; this entity eventually transformed into the Bond Market Association. Horowitz served as its chairman in 1979. Additionally, he held the chairmanship of the Securities Industry Association in 1991, having previously been a director and treasurer during the 1980s. These groups later merged to form the Securities Industry and Financial Markets Association. Notably, Horowitz is distinguished as the sole individual to have chaired both leading securities industry associations.

His government advisory contributions include membership on the U.S. Treasury Borrowing Advisory Committee during two periods: from 1979 to 1991 and again from 1996 to 2000, chairing it between 1986 and 1987. Appointed by the U.S. Securities and Exchange Commission, he was among the founding members and served as chairman of the Municipal Securities Rulemaking Board from 1977 to 1978.

Horowitz also played a significant role in aiding the fiscal recovery of both New York City and New York State through his directorship at the Municipal Assistance Corporation between 1988 and 1994. Subsequently, as a senior director at Salomon Brothers, he led financial advisory services for Orange County, California during its bankruptcy restructuring.

Philanthropy

He dedicated 34 years as a trustee of Barnard College and held the status of trustee emeritus at this women's institution.

Personal life

Horowitz was preceded in death by his wife, Barbara Silver Horowitz, herself a trustee of Barnard College and a member of its class of 1955. He passed away on April 2, 2020, aged 87, following a prolonged illness.