HOPE Snippet: HOPE Northeast announces new Board Chairman
Executive Vice President
In June 2010, Mr. Marchman joined the Financial Industry Regulatory Authority (FINRA) as Executive Vice President and Head of the Market Regulation Department’s Legal Group (the Group prosecutes violations of market rules and federal securities laws such as the recent significant disciplinary actions involving manipulative high-frequency trading activity.)
Prior to joining FINRA, Mr. Marchman was responsible for managing the New York Stock Exchange Regulation’s Enforcement Division and Regulatory Risk Group. During his tenure at the NYSE Mr. Marchman directed several high profile and significant securities regulation disciplinary actions including the research analysts conflict of interest and specialist trading ahead cases.
Mr. Marchman also served as Chairman of NYSE Diversity Council from its inception in 1999 until his departure from the NYSE. The Council directed the company’s diversity management effort, a strategic business imperative. In his role as Chairman he played a major role in leading important Exchange initiatives such as recruitment and retention efforts, financial literacy programs and outreach to communities of color. At FINRA, Mr. Marchman serves as liaison to the CEO for the company’s diversity management initiative.
Prior to joining the NYSE in 1989, Mr. Marchman was a Branch Chief in the U.S. Securities and Exchange Commission’s Division of Enforcement in Washington, D.C. While at the SEC Mr. Marchman brought a number of significant disciplinary actions including the action against Boyd Jefferies in connection with the Ivan Boesky insider trading case.
Mr. Marchman is a magna cum laude graduate of Allegheny College, where he was inducted into Phi Beta Kappa, and received his J.D. from the University of Pennsylvania. In addition, Mr. Marchman attended Harvard Business School’s Program for Management Development. Mr. Marchman’s involvement in civic affairs includes Board membership service on organizations such as Operation HOPE, PFLAG, CEE, University of Pennsylvania Law School and the Community Coalition on Race of South Orange – Maplewood, New Jersey. He has also served as a member of the Maplewood, New Jersey Zoning Board and is a Lector at Our Lady of Sorrows Church in South Orange, NJ.
Mr. Marchman, the first African-American Executive Vice President at the NYSE, has been the recipient of awards for professional accomplishments as well as community and civic service including: Savoy Magazine’s “2012 Top 100 African – Americans in Corporate America”; University of Pennsylvania Law School 2012 Alumni Award of Merit; National Multicultural Institute’s Leading Light Diversity Award; NV Magazine “Wall Street” Achievement Award; Allegheny College Alumni Award (professional accomplishments); Harlem YMCA “African – American Achiever” Award; Junior Achievement Volunteerism Award; The Urban League of Essex County “Dare to Dream” Award; The South Orange Civic Association “Beloved Community Contributor” Award; Wall Street in Black “Industry Pioneer” Award; Operation HOPE Chairman’s Award and the Youth About Business “Commitment to Excellence” Award.
Mr. Marchman, a native of Brooklyn, NY, resides in Maplewood, NJ.
We are honored to welcome Robert Marchman as the new Chairman of our Operation HOPE Northeast Board of Directors.