Edgar Jannotta, Francis Yuen, and Andrew Alper.

University Board elects new Chairman, Trustees

During the University Board of Trustees annual meeting Friday, June 4, Edgar Jannotta, University Trustee, was elected as Chairman, and Andrew Alper and Francis Yuen were elected as new members of the Board of Trustees.

Jannotta, who was elected a Trustee in 1984, succeeds Howard Krane, who has served as Chairman since 1992. Krane announced last June he would serve one more year as Chairman, and at that time, the Trustee Nominating Committee began the selection process to nominate his successor. Krane will remain a University Trustee in addition to his work as a partner at the Chicago law firm Kirkland & Ellis.

Jannotta, who is senior director of William Blair & Company L.L.C., became Chair of the Investment Committee in 1985. He served as Vice Chair of the Board and thus also as an ex officio member of the Executive Committee from 1986 to 1996, when the Bylaws were changed and the Vice Chair position was eliminated.

Jannotta has continued to serve as an Executive Committee member since 1996.

Jannotta also has served the community of Chicago over the years as a trustee of the Chicago Historical Society, the Lyric Opera of Chicago and the Chicago Community Trust. He is currently a trustee of Rush-Presbyterian-St. Luke’s Medical Center and served as that board’s chairman from 1988 to 1990.

Alper is currently chief operating officer of Goldman, Sachs & Company’s Investment Banking Division, a position he assumed in 1996. He has been affiliated with Goldman, Sachs & Company since 1981, when he began as an associate in the corporate finance department. In 1985, Alper was promoted to vice president and then to managing director in 1990. He became co-head of the Financial Institutions Group in 1993.

Alper received his A.B. degree from the University in 1980 and an M.B.A. in the Graduate School of Business in 1981. He has been an active alumnus since leaving campus, for which he received the Young Alumni Service Citation in 1993.

He was elected to the Alumni Association Board of Governors in 1994 and served as that board’s Vice President from 1996 to 1998. In 1996, Alper joined the GSB Council and currently serves as the Co-chair of the GSB Campaign Planning Committee.

Yuen, a former chief executive of the Hong Kong Stock Exchange, received his A.B. in economics from the University in 1975. He now serves as a member of the Chairman’s Advisory Council for the department.

He has served as deputy chairman of the Pacific Century Group Ltd. in Hong Kong since 1996. In announcing his joining the Pacific Century Group, Institutional Investor magazine stated: “Yuen’s experience in the region’s capital markets is second to none.”

Yuen developed this experience over many years. He was chairman of Tien Fun Hong Investment Group Ltd. in 1996 and chairman of Seapower International from 1992 to 1995.

He served as chief executive of the Hong Kong Stock Exchange from 1988 to 1991 and was employed with Wardley, a Hong Kong merchant bank, and Citicorp, Hong Kong, prior to his work with the stock exchange.

Yuen currently serves as chairman of the board of trustees of the Hong Kong Centre for Economic Research and as a trustee of Fudan University.