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Aspen Tech

Essay by   •  September 14, 2010  •  253 Words (2 Pages)  •  1,182 Views

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Ira is the Retired Chairman and Chief Executive Officer of Bank of Boston. Bank of Boston Corporation (now merged with Fleet Boston Financial) was, prior to the merger, New England's only global bank holding company with assets of $75 billion, operating in more than thirty states and twenty-five countries.

During his 32-year career at Bank of Boston, Ira served as a commercial lending officer, running divisions serving the transportation, energy & utilities industries. He then spent 2 years in London where he headed up the Bank's UK operations. Upon his return to Boston he ran the overall commercial lending area until he became Vice Chairman responsible for all of the Bank's non-lending activities. Following his elevation to CEO in 1987, he was instrumental in turning around Bank of Boston while steering it through the banking crisis of the late '80's/early '90's in what some analysts described as one of the most remarkable turnarounds in banking history. When he retired in 1995, the Bank had reversed a $395 million loss in 1990 to a $541 million profit in 1995.

Ira has served on numerous for-profit and non-profit boards including GenTek Inc.; Liberty Mutual; N.E. Telephone; Mass General Hospital; Museum of Fine Arts; Tufts University; and Museum of Science where he served as Chairman for 4 years, among others. He also was a Fellow at the Kennedy School of Business and Government at Harvard University for 3years.

Ira received a B.A. in Economics from Tufts University and an MBA from Boston

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