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Grasso has been chairman and CEO of the NYSE since June 1, 1995. Since 1988, he had been president and chief operating officer. While continuing in those positions, he became executive vice chairman of the Exchange on Jan. 1, 1991.
After serving in the U. S. Army from 1966 to 1968, Grasso joined the Exchange in 1968. In 1973, Grasso became director of listings and marketing, in charge of adding qualified prospects to the NYSE's list of companies. In December 1977, he was promoted to vice president, corporate services, and in November 1981, he was appointed senior vice president, corporate services, with the added responsibility for liaison, coordination and support for all NYSE-listed companies. Grasso became executive vice president, marketing group, in 1983 and then executive vice president, capital markets, in May 1986, with responsibility for all financial products and the market data group.
Grasso serves on the board of directors of The Home Depot. He also serves as the chairman of the Economic Club of New York, and the vice chairman of the National Italian American Foundation; as a trustee of The Centurion Foundation, the New York City Police Foundation, and the Trooper Foundation for the State of New York; as a trustee of New York University, a member of the New York University Stern School of Business board of overseers, the Yale School of Management advisory board, the Baruch College School of Business advisory council, the national advisory board of the Panetta Institute for Public Policy, and the Federal Reserve Bank of New York's international capital markets advisory committee. He also serves as a member of the board of the Lower Manhattan Development Corporation, the Twin Towers Fund, and the Congressional Medal of Honor Foundation.
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