Hicksville, N.Y., USA - New York Community Bancorp announced the appointment of Marshall Lux to the boards of directors of the company and its main banking subsidiary, New York Community Bank.
Article continues below
Mr. Lux was also named to the Audit Committee and the Risk Assessment Committee.
Mr. Lux has a long and distinguished career in financial services, spanning nearly 40 years and encompassing a wide spectrum of industry subsectors, including commercial banking, consumer finance, insurance, broker/dealers, wealth and asset management, credit cards, private equity, and FinTech.
After attending Princeton University and Harvard Business School, in 1986, he started his career at McKinsey & Co., where he advised companies on core strategies and operational issues, including with respect to consumer protection, mergers and merger integration, new product development, expense management, and capital initiatives.
Mr. Lux's experiences at McKinsey also included advising financial institutions on various risk and compliance matters, including consumer compliance relating to retail banking, mortgage lending, and other consumer lending.
Mr. Lux left McKinsey as a Senior Partner after over 20 years to join JP Morgan as Global Chief Risk Officer for Chase Consumer Bank, where he served from 2007 to 2009, managing a staff of 10,000 employees around the world.
Mr. Lux left JP Morgan in 2009 to return to his consulting roots, with the Boston Consulting Group ("BCG"), where he was the firm's first directly elected Senior Partner.
He finished his full-time professional career in 2014 with BCG, where he remains a Senior Advisor.
Mr. Lux currently is a member of several boards, including Mphasis, a publicly-traded global IT company, DHB Capital, a public SPAC, and Kapitus, a privately-held small business lender.
He is also a director of the Guardian Life Mutual Funds Board, which is a part of the Guardian Life Insurance Company.
In addition to his board responsibilities, Mr. Lux advises a number of FinTech companies involved in payment systems, mortgage lending, digital assets, cyber security, and wealth management.
Mr. Lux is also a fellow at Harvard University, where he teaches and writes.
He is a prolific writer having authored or co-authored ten papers to date. ■