The American College Announces Albert J. “Bud” Schiff, CLU® Named Chairman Of The Foundation Board Of Directors

BRYN MAWR, PA—May 1, 2008- The American College announced today that Albert J. “Bud” Schiff, CLU®, has been named the new Chairman of The Foundation Board of Directors. 

The mission of The American College Foundation is to obtain and steward philanthropic support for the educational mission of The American College.  Directors of the Foundation Board are leaders in the financial services industry who are committed to the highest levels of professionalism and ethics, and the rigorous learning that develops those values in financial advisors.

As the Chairman of the Foundation, Schiff’s responsibilities include: 

• Leading the Executive Committee of the Board of Directors to ensure proper functioning of all committees.
• Working directly with the President and Chief Staff Officer in establishing goals for the Foundation and leading the effort to achieve those objectives. 
• Recruiting and engaging new members for the Board of Directors.

“The American College Foundation Board is fortunate to have someone with Bud Schiff’s experience and integrity,” said Charles (Tip) Cronin III, Vice President of Advancement and The Foundation’s Chief Staff Officer.   “As Chairman, he will reinforce our core values and help develop The College’s financial resources to deliver technologically advanced and high-impact professional knowledge.”

Schiff is the Chief Executive Officer of NYL Executive Benefits LLC (NYLEX Benefits) as well as the retired Senior Executive Vice President and member of the Board of Trustees of the Mutual Life Insurance Company of New York. (MONY)

He is a graduate of the University of North Carolina at Chapel Hill, and has served in numerous insurance industry leadership roles, including President of the Association for Advanced Life Underwriting (AALU), Chairman of the International Million Dollar Round Table Top of the Table, and member of the LIFE Foundation Board of Directors.  He earned his Chartered Life Underwriter (CLU) designation from The American College in 1968.

“Bud Schiff has been a long time supporter of The American College and its mission,” noted Dr. Larry Barton, President and Chief Executive Officer of The College. “His extensive and successful industry experience, along with his entrepreneurial drive in creating a successful business, will provide direct benefits to The Foundation Board.” 

Schiff has also served as a Captain in the United States Navy Reserve, and is an avid yachtsman.  He and his wife Jayne reside in Greenwich, CT, and have two grown children and five grandchildren.

The American College is the leader in innovative training and development for financial advisors.  As a non-profit educational institution holding the highest level of academic accreditation, The College has served as a valued business partner to banks, brokerage firms, and insurance companies others for more than 80 years.  The American College’s faculty includes the financial services industry’s foremost thought leaders.

For more information, visit  TheAmericanCollege.edu

Contact:

Ashley E. Snyder, Public Relations Associate
The American College
(610) 526-1453</em>