Board of Directors

 Board of Directors  Directors Emeriti
 James D. Houghton, Chairman Peter J. D. Allatt Jr.
 Alanson B. Houghton, Vice Chairman  Van C. Campbell
 Charlene P. Allen Arthur A. Houghton
 Theodore H. Ashford III  Amory Houghton Jr.
 Kimberly R. Clouse  James R. Houghton
 Carolyn N. Dolan Rowland Stebbins III
 Robert C. Elliott  
 Philip R. Gow  
 Ellen W. Griggs  
 David A. Patton  
 Elizabeth W. Smith  
 Marianne W. Young  

James D. Houghton, Chairman

James was elected as Chair of Market Street’s Board of Directors in April 2009 and has served as a member of Market Street’s Board since October 1995. James also serves as an ex-officio member of all of Market Street’s committees.

James is also a Director of Rollo Capital Management, a Boston-based investment firm focused on both public and private investments in the advance material sector where he advises and invests in early-stage companies. Previously James was a General Partner of Megunticook Management, an early stage venture capital fund investing in media, communications, and technology companies.

Prior to Megunticook, James worked for Corning Incorporated as a business manager in the Advanced Display and Telecom Products Divisions and began his career in corporate finance with JP Morgan in New York and London. James has served on a number of non-profit boards focused on education and kids-at-risk, including most recently Shady Hill School, St. Paul's School, and Citizens for Juvenile Justice. He is currently a Trustee of the Corning Museum of Glass, a Director of The Triangle Fund in Corning, NY and an Overseer of the Epiphany School in Boston, MA. James received his B.A. from Harvard College.

Alanson B. Houghton

Alan has been a member of Market Street’s Board of Directors since September 1993 and was Chairman of the Board from 1998-2009. He currently serves as Vice Chairman of Market Street’s Board of Directors, Chair of the Nominating/Governance Committee and Chair of Investment Committee. 

Alan serves as a Managing Director of Pitcairn. In addition to overseeing Pitcairn’s New York Office, he is responsible for advising US and international clients of the firm, as well as identifying new clients that would be compatible with Pitcairn.  He serves on Pitcairn’s Investment Strategy and Due Diligence Committees. Alan has over 25 years of investment and family office experience. 

Additionally, Alan serves on the Investment Committee for the Dillon Trust Company, a New York City area family office, in addition to being an external advisor to the J.M. Huber Plan Committee. 

Charlene P. Allen

Charlene Allen has been a member of Market Street’s Board of Directors since April 2018. She currently serves on the Audit and Risk Management and Compensation committees.Charlene brings 30 years of progressive and deep Human Resources experience as the head of HR and a Board Member for CDM Smith, a billion dollar, global engineering, construction, and operations firm. With a proven track record as a collaborative HR and business leader, Charlene brings a deep understanding of how to build a global human resources team in response to strategic business goals and organizational change, while enhancing the employee experience and helping the bottom line by improving recruitment, talent, and retention strategies. In her role as the Senior Vice President and Director of Global Human Resources for CDM Smith, Charlene was responsible for all firm-wide human resources programs, including compensation, benefits, policy development, talent management, performance management, and human resources information systems. 

Theodore H. Ashford III

Ted has been a member of Market Street’s Board of Directors since June 2014 and currently serves on the Audit and Risk and Investment committees. He currently serves as President, Chief Investment Officer, and Chief Executive Officer at Ashford Capital Management. Prior to joining Ashford Capital Management, Ted worked for an international management company where he developed and managed corporate services throughout Latin America for four years and established its base of operations in Miami, FL. Ted graduated from Harvard College with a B.A. in History.

Kimberly R. Clouse

Kimberly has been a member of Market Street’s Board of Directors since November 2013 and serves on the Audit and Risk Management and Nominating/Governance Committees.

Kimberly is the Chief Executive Officer and Founder of Via Global Advisors, a wealth management firm. Prior to this, she was the Chief Executive Officer of Hale and Dorr Wealth Advisors, where she created and oversaw new strategic direction of the firm as well as redesigned its business model and organizational structure. Kimberly is a seasoned financial services executive having worked for U.S. Trust Company, J.P. Morgan and Goldman Sachs.

Kimberly has earned several professional awards, including being named one of Boston Business Journal’s “40 Under 40 Rising Stars.” Additionally, Kimberly was the Advisory Board Chair for Covestor, an online investment management marketplace. She is on the board of the Coolidge Corner Theatre Foundation and serves as a member of the Investment Committee for the Brookline Community Foundation.

Kimberly earned her MBA from Harvard University Graduate School of Business Administration and graduated summa cum laude from Rice University.

Carolyn N. Dolan

Carolyn has been a member of Market Street’s Board of Directors since June 2014 and serves on the Compensation and Investment committees. Carolyn is an Executive Vice President of Fiera Capital Inc. and heads the Direct Client Management Group. She was a founder of Samson Capital Advisors and served as the Chairman of the Principals Meeting, and also as a Portfolio Manager and member of the Management and Investment Committees. Samson Capital was purchased by Fiera Capital Corporation in October 2015.

Carolyn was previously a cofounder of OFFITBANK, which became OFFIT Investment Group after the firm's merger with Wachovia. Carolyn was a Senior Vice President at Wachovia and the Senior Managing Director of OFFIT Investment Group, managing the Tax Sensitive Fixed Income management team. Prior to the merger, Carolyn was responsible for the firm's high net-worth investment group and was involved in the management and analysis of taxable and tax-exempt portfolios. She also managed OFFITBANK's New York Municipal Bond Fund, which achieved a Morningstar 5 star rating during the five years that Carolyn managed the account. 

She currently serves as a trustee of Fordham University and is a member of the Audit Committee and the Investment and Finance Committee. Carolyn is also on the board of Mutual of America Institutional Funds, Inc. and is a member of The Economic Club of New York. Carolyn received an MS Degree from the Columbia School of Social Work and an MBA from Columbia University.

Robert C. Elliott

Rob is the former Vice Chairman and head of Market Street’s New York office. His responsibilities included ensuring client service excellence and business development in support of Market Street’s strategic plan. Rob was appointed to Market Street’s Board of Directors in May 2011 and currently serves on the Compensation and Nominating/Governance Committees.

Prior to joining Market Street, Rob was most recently a Senior Advisor, and previously a Senior Managing Director, with Bessemer Trust. During his tenure at Bessemer, Rob oversaw client account management and business development. Rob was formerly with the Trust Division of American Security and Trust Company in Washington, D. C. 

Rob received a B.A. in Political Science and a J.D. from George Washington University in Washington, D.C. He is a member of the Pennsylvania Bar and the American Bar Association. Rob is Trustee Emeritus of The Foundation Center, New York City. In addition, he serves as a Director of Tweedy Browne, LLC, a mutual fund company, and as a member of the Board of Regents of Winthrop-University Hospital, Long Island. Rob was a founding advisory faculty member of the Institute for Private Investors, New York. 

Philip R. Gow

Philip has been a member of Market Street’s Board of Directors since June 2017 and serves on the Audit and Risk Committee and the Nominating/Governance Committee. Philip founded Advisory Platform Solutions and is a Partner at Global Institutional Solutions, a specialized commercial and personal risk management services firm.

Philip has broad experience and expertise in the wealth management industry, particularly in the marketing and information technology areas, and has successfully established several technology and marketing services firms. Philip has a Bachelor of Arts from Johns Hopkins University, a Master’s in Public Policy from the Kennedy School of Governance and a Master’s in Business Administration from the Wharton School. 

Ellen W. Griggs

Ellen joined Market Street's Board of Directors in October 2012 and serves on the Nominating/Governance and Investment committees and is the chair of the Compensation committee.

Ellen retired as Chief Operating Officer and a Managing Partner from the NEPC, LLC, an independent, full-service investment consulting firm. Ellen is known for her unique blend of experience as Chief Investment Officer and Chief Operating Officer with in-depth investment knowledge, consulting to premier clients, and operating expertise. During Ellen's tenure at NEPC, assets under management grew 100%. While at NEPC, Ellen also chaired the Board and Executive Committee of the Independent Consultants Cooperative (ICC).

Previously, Ellen was a Senior Vice President and Partner at Strong Capital Management. Ellen also served as Managing Director and CIO at Paine Webber Mutual Funds and Vice President, Investment Management Group at Bankers Trust Company.

Additionally, Ellen serves as a Board of Trustees Emeritus member of Kenyon College where she graduated with a B.A. in Philosophy and Religion. Currently, she serves on the board of Evanston Capital, LLC and serves on the board of E. Ritter & Company. Ellen is also a member of the Board of Overseers of New England Aquarium and the Philanthropic Trust Board of the Boston Medical Center and is a member of the Investment Committee of the United Way of Massachusetts. She has also been an active Board member of the Boston Biomedical Research Institute, The Hyannisport Club, Milwaukee Repertory Theatre, Family Service of Milwaukee (Aurora Healthcare), United Performing Arts Fund of Milwaukee and the Kent School.

David A. Patton

David joined the Market Street’s Board of Directors in May of 2012 and currently serves on the Compensation Committee. A retired career entrepreneur, David currently lives with his wife, Patti in Vero Beach, Florida. David previously owned and operated Vanilla Laboratories, Inc. (Rochester, NY) for thirty years, selling the business in 2006.  Other business ventures included Dietary Specialties (Rochester, NY), Gardall Safe Corporation (Syracuse, NY) and several companies in the mobile communications, paging and advanced messaging services.
Early in his career, David was a manager for the Buffalo Philharmonic after working in the family retail business in Buffalo, NY. He serves as Emeritus Trustee of the George Eastman House in Rochester, New York. Other not for profit boards and philanthropic initiatives include The United Way of Greater Rochester, NY and Rochester General Hospital.

David received a BA in History from the University of Virginia.

Elizabeth W. Smith

Betsy has been a member of Market Street's Board of Directors since December 1987 and currently serves on the Investment Committee. 

Betsy currently serves as the President and Chief Executive Officer of the Central Park Conservancy. From 2002-2012 Betsy worked with the New York City Department of Parks as Assistant Commissioner for Revenue and Marketing. She also serves as a trustee for The Sidney J. Weinberg, Jr. Foundation; Scripps College in Claremont, California; the Library of America; The Central Park Conservancy; the Open Space Institute; and the Chamber Music Society of New York. She started her career at Morgan Guaranty Trust Company, and subsequently moved into the private equity business, first as Vice President at The Prospect Group and then as Managing Director and principal investment officer for Task Holdings, Ltd., a private investment company for the U.S. interests of the Harry F. Oppenheimer family. Betsy also served as Vice President for Finance and Client Management for Sotheby's for several years before joining Mayor Bloomberg’s administration in 2002. Betsy graduated from Scripps College where she was elected to Phi Beta Kappa.

Marianne W. Young

Marianne has been with Market Street Trust since 1995, first as Vice President for Client Services where she was responsible for the management of client relationships for both individual and trust accounts, and then as President beginning in July, 1999.  In addition to working with the Board of Directors on strategic issues, Marianne works with individuals and family groups to facilitate financial and estate planning. She also works with and advises several family foundations. 

Before joining Market Street Trust, Marianne practiced law at Harris, Beach & Wilcox, where she focused on corporate and banking law. She received a B.A. Degree from Mount Holyoke College and a M.S. Ed. from the University of Rochester. She also holds a J.D. Degree from Cornell Law School where she graduated Magna Cum Laude. Marianne was admitted to the New York State Bar in 1992 and is a member of the New York State Bar Association, Trusts and Estates Law Section. She served on the Family Office Exchange Advisory Board for a number of years. She is currently a Director of the Board of The Elmira Savings Bank where she serves on the Audit and Loan committees. Additionally, she serves as a Director of the Alternative School for Math and Science (a private middle school located in the Corning area). She is a past President of the Board of Trustees of the Rockwell Museum in Corning, New York and former director of the Finger Lakes Land Trust. 

Directors Emeriti

Peter J.D. Allatt, Jr.

Peter joined Market Street's Board of Directors in October 1990 and formerly served as chair of Market Street's Audit and Risk Management Committee. Peter also served for a number of years on the Investment Committee. 

Peter began his career in the banking industry. After leaving the industry, he entered into real estate development in Florida, Massachusetts and Connecticut. He is a trustee of the Peter and Nancy Allatt Family Foundations. Peter received his Bachelor of Arts Degree in Economics from Duke University and a Masters in Business Administration from Babson College. Peter also served active duty in Vietnam. 

Van C. Campbell

Van joined Market Street's Board of Directors in April 2002 and served on the Audit and Risk Management and Investment Committees. Van retired as the vice chair of Corning Incorporated in 1999. During his 36 years at Corning, he held numerous positions, including general manager of the Consumer Products Division, Senior Vice President for Finance, Financial Vice President and Treasurer. Van is a board member and serves on the Finance Committee of the Gibbes Museum of Art in Charleston, South Carolina. Van is a graduate of Cornell University and the Harvard Business School.

Arthur A. Houghton III

Arthur was chair of Market Street’s Board of Directors from April 1989 to April 1991 and has been a member of the Board since August 1987. 

From 1966 to 1979, Arthur was a member of the US Foreign Service with assignments to Beirut, Amman, Cairo and to the National Security Council staff. He also was the Associate Curator and Curator in Charge at the J. Paul Getty Museum in Malibu, CA, and was a member of the President’s Cultural Property Advisory Committee from 1984 to 1987.  From 1988-1995, Arthur was a senior staff member for the White House Office of National Drug Control Policy. He then went on to be president of Arthur Houghton Associates, Inc., a Washington, D.C. consulting firm, from 1995 to 2005. He is the author of four books and has published numerous articles on ancient coinages, economics, art and history. Arthur has served on several boards including the American School of Classical Studies at Athens, the Cyprus-American Archaeological Research Institute, the Corning Museum of Glass, the Baltimore Museum of Art and the American Numismatic Society. 

Currently, Arthur is a trustee of the Corning Museum of Glass, the Baltimore Museum of Art and President of the Cultural Policy Research Institute.

Arthur sat on Market Street’s Compensation and Audit and Risk Management Committees until his retirement from the Board in 2013.

Amory Houghton, Jr.

Amo was elected as one of the first directors of the newly formed board of Market Street Trust Company in 1987. He served from 1964 to 1983 as Chairman and CEO of Corning Glass Works (now Corning Incorporated).  Amo also served on the Board of Directors of IBM, Citigroup, Procter & Gamble and Genentech. In 1986, Houghton was elected to the United States House of Representatives as a Republican and served until 2004. He is a current and past member of numerous organizations and caucuses.

Amo graduated from Harvard University and earned his MBA from Harvard Business School. Amo also holds 13 Honorary Degrees. Before attending college, Amo served in United States Marine Corps (1944-1946).

Amo retired from the Board of Directors in 2002.

James R. Houghton

Jamie was Chair of Market Street’s Board of Directors from April 1991 to April 1998 and has been a member of its Board since August 1987. He served on the Nominating/Governance and Compensation Committees until his retirement in 2013. In addition, Jamie served on the Investment Committee for a number of years. 

After serving as Chairman and Chief Executive Officer of Corning Incorporated for many years, Jamie was elected director emeritus. 

In addition, Jamie served as a director of Exxon Mobil Corporation until his retirement in 2009. He serves as a trustee of the Corning Museum of Glass, Corning Incorporated Foundation, The Morgan Library and Museum and director emeritus of The Metropolitan Museum of Art. He is a member of the Harvard Corporation and of The Business Council. Jamie graduated from Harvard College and received a Master of Business Administration degree from Harvard Business School. 

Rowland Stebbins III

Rowlie started working with the extended Houghton family in 1976 as Executive Director of Houghton Estates and Corning Associates. When Corning Associates became Market Street Trust Company in 1987, Rowlie became President of the company and served on the newly formed board of directors. Prior to 1976 he practiced law in New York City, specializing in corporate and litigation work. He was also a co-owner and manager of a small business and was employed by the New York State Office of Parks, Recreation and Historic Preservation as General Manager for the New York City region.

Rowlie received his B.A. from Yale University and his law degree from Harvard. He was admitted to the New York bar in 1964. He retired from Market Street Trust in 1999.

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