In Memoriam: Morgan Stark, 75
Philanthropist and Financier;
Ran Government Trading in 1970s at Chase, Chemical
Morgan Babcock Stark died at his home in Manhattan on April 13, 2015 after a battle with cancer. He was 75.
He ran the government trading operation at Chase during the 1970s, leaving Chase in 1979 to join the Chemical Bank as Senior Vice President and Treasury Department Deputy Head. He became President and CEO of Chemical Securities, Inc. In July 1995, he and Thomas W. Strauss joined Ramius as partners with Peter A. Cohen in the development of Ramius' investment management business. Stark was a Founder, Managing Member and member of the Executive Committee of Ramius LLC.
He was born in New York and remained a lifelong resident, although he also maintained homes in Sag Harbor, NY, and Stowe, VT.
Stark's industry and philanthropic activities included his position as member of the Investment Committee for the American Heart Association - Heritage Affiliate. He joined the Board of Directors of the New York Heart Association in 1985 and became Chairman of the Board of the New York City Affiliate. He gave over 35 years of his life to saving and improving the lives of people with cardiovascular disease, and was an avid supporter of the AHA's Basic and Clinical Research program.
Stark previously served as President, Vice President and member of the Board of Directors of the Dealer Bank Association, advising the Federal Reserve Bank of New York, and also served on the Treasury Borrowing Committee serving three Secretaries of the U.S. Treasury.
At his death, he was President of the Board of Directors of the Perlman Music Program, centered around a camp for young virtuosi string instrument players, with a campus on Shelter Island, NY. He claimed his work with the Perlmans and their students to have been the most fulfilling of his life.
Stark is survived by his wife of nearly 50 years, Sidney Stires Stark, his sons Nicholas and Mason, and two grandchildren.
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From Tony Terracciano:Morgan and I worked together at Chase. He taught me a great deal about markets…..but even more about dignity.
From Charlie Wolfe: Very sad to learn of Morgan Stark's passing. I worked with him in the Capital Markets Division throughout the 70's. He was always a gentleman and a real professional.