Howard Milstein
 | A major contributor to this article appears to have a close connection with its subject. (September 2024) |
Howard Milstein | |
|---|---|
.jpg) Milstein in 2015 | |
| Alma mater | Cornell University (AB) Harvard University (JD, MBA) |
| Occupation(s) | Banker, real estate developer |
| Spouse | Abby Sniderman |
| Children | 1 |
| Parent(s) | Irma Cameron Milstein Paul Milstein |
| Family | Seymour Milstein (uncle) Philip L. Milstein (cousin) |
Howard Philip Milstein is an American businessman. Milstein is chairman, president and chief executive officer of New York Private Bank & Trust and its operating bank, Emigrant Bank.[1] He served as chairman of the New York State Thruway Authority until November 2014 and led the procurement process for the replacement of the Tappan Zee Bridge.
Early life and education
[edit]Milstein is the son of Irma Milstein and Paul Milstein, a real estate developer. He graduated from Cornell University with a B.A. in economics in 1973 and from Harvard University with a JD/MBA in 1977. He is a member of the New York State Bar.[2]
Career
[edit]Milstein started his career at the investment bank Warburg Paribas Becker. Milstein is chairman, president and chief executive officer of New York Private Bank & Trust and its operating bank, Emigrant Bank.[3] He is chairman of Sarasota Private Bank & Trust and Cleveland Private Bank & Trust, both with majority ownership by Milstein and his family along with local co-founders.[4] On October 2, 2023, Emigrant Bank acquired Plus International Bank and will operate under a Florida banking charter.[citation needed] Milstein is chairman of Milstein Properties, a builder and investor active in both residential and commercial development primarily in New York City,.[5]
Milstein and his brother, Edward, worked with their father on numerous building projects in Manhattan. In the late 1980s, the Milstein family acquired Douglas Elliman-Gibbons & Ives real estate brokerage,[6] and Milstein served as its chairman for ten years until the business was sold.[7] In 1986, Milstein started Liberty Cable as an alternative telecommunications supplier for the Milford Plaza Hotel.[8] In 2018, Milstein launched a technology campus in midtown for technology companies.[9]
In 2007, Milstein acquired, through Emigrant Bank, a full partnership interest in Nicklaus Companies, LLC, becoming executive chairman of the company, working with professional golfer Jack Nicklaus.[10] The business was primarily centered in golf course design, golf equipment, and licensing for clothing and other items.[citation needed] In 2018, Milstein formed 8AM Golf, the holding company for Nicklaus Companies, which operates various global golfing brands, including GOLF Magazine and Golf.com.[11] On September 20, 2023, 8AM Golf announced a new golf-themed venture in collaboration with Tiger Woods and Justin Timberlake to open a sports bar in Manhattan, New York.[12]
Civic
[edit]In November 2010, Milstein was selected by Andrew Cuomo to be on the incoming New York governor's transition team as a member of the Committee on Economic Development & Labor.[13] In June 2011, the New York State Senate unanimously confirmed Milstein as chair of the New York State Thruway Authority.[14]
Philanthropy
[edit]In 2012, Milstein and his wife, Abby, vice chairman of the New York Public Library, committed to donate $8 million to the New York Public Library.[15]
Personal life
[edit]He is married to Abby Sniderman Milstein, chair of the Board of Trustees of the New York Public Library.[16][17] They have one son, Michael, born in 1989.[18]
References
[edit]- ^ "Zara Realty's new housing complex | Eastern/Southeast Queens News | qchron.com". 21 October 2021.
- ^ "Howard Milstein". Howard and Abby Milstein Foundation.
- ^ New York Times, Kingson, Jennifer A., 5/5/06, "Going Online for Savings"
- ^ Business Observer, Mark Gordon, 2/15/19, "Prominent NY Family Targets Region to Grow Wealth Management Firm"
- ^ Crain's, Fung, Amanda, 8/10/10, "Milstein Family Plans Future after Patriarch's Death"
- ^ New York Times, 12/10/89: "Douglas Elliman Sold; Milsteins Buy Firm"
- ^ New York Times, Holusha, John, 11/4/97, "2 Real Estate Firms Agree to a Merger"
- ^ New York Times, Fabrikant, Geraldine, 5/24/93, "Tiny Liberty Takes On Cable Giant in Manhattan"
- ^ "Milstein Plans $100M renovation of 335 Madison Avenue". The Real Deal. May 17, 2017. Retrieved July 24, 2021.
- ^ Wall Street Journal, 6/11/07, Frank, Robert, "The Golden Bear Roars: Nicklaus Inks New Deal"
- ^ Forbes, Matuszewski, Erik, 6/26/20, "For GOLF Magazine and Golf.com, Pivot to Lifestyle and Service Focus Plays Well" [1]
- ^ "Tiger Woods and Justin Timberlake Open New York City Sports Bar". 20 September 2023.
- ^ "New York Times, "Cuomo Names Transition Team", Nicholas Confessore, 11/11/10
- ^ "Governor Nominates Developer to Lead Thruway Authority", New York Times, Thomas Kaplan, 6/1/11
- ^ "Beneath New York Public Library, Shelving Its Past for High Tech Research Stacks", The New York Times, Tom Mashberg, November 15, 2015
- ^ "Paid Notice: Deaths SNIDERMAN, ELEANORE". New York Times. May 24, 2002.
- ^ "Abby S. Milstein Named Chair of the Board of Trustees of The New York Public Library". nypl.org. November 9, 2022.
- ^ "About the Milsteins | Milstein Program in Technology & Humanity Cornell Arts & Sciences".