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 Robert C. Elliott
Carolyn N. Dolan Arthur A. Houghton
Miriam Gallardo James R. Houghton
Philip R. Gow Elizabeth W. Smith
Ellen W. Griggs Rowland Stebbens III
Stephen Hallenbeck  
Doug Jaffe  
David Kimelberg  
Kara Garner Pass  
David A. Patton  

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 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, a Director of Beyond Conflict in Boston, 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 for the Investment committee and serves on the Nominating/Governance committee.

Alan is CEO of Goelet, LLC, a NYC based family office, where he is also a member of the Board and Investment Advisory committee.  Prior to joining Goelet, Alan was a Managing Director of Pitcairn where he oversaw Pitcairn’s New York Office while also serving on Pitcairn’s Investment Strategy and Due Diligence committees.  Additionally, Alan serves on the Investment committee for the Dillon Trust Company (family office) in addition to serving as an external advisor to the J.M. Huber Plan committee.  Alan has over 25 years of investment and family office experience.

Charlene P. Allen

Charlene Allen has been a member of Market Street’s Board of Directors since April 2018. She currently is the Chair of the Compensation committee and also serves on the Audit and Risk Management committee. 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. She has a proven track record as a collaborative HR and business leader and 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. During her tenure as Director of Global Human Resources, firm revenues went from $500M to $1B, employee population grew each year, global offices expanded to 25% of the employee population, and the HR operation doubled in size.

Most recently, in her role as the Senior Vice President and Director of Global Human Resources for CDM Smith, Charlene’s responsibilities have included all firm-wide human resources programs, including compensation, benefits, policy development, talent management, performance management, and human resources information systems. She also led numerous HR strategy and innovation projects to meet the firm’s growth plans, create efficiencies, streamline processes, and enhance the consistency of HR programs across the organization to help with profitability. Charlene is also on the Board of Overseers for the MSPCA – Angell Animal Hospital in Boston. 

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.

Miriam Gallardo

Miriam is a member of the North America Executive team at Capgemini. As a dynamic and innovative leader, Miriam brings over 30 years of strategic experience enabling customers to evolve and thrive in their respective markets, by making digital business a reality with applications and cloud technologies. Driving consistent double-digit profitable growth through value-creating portfolios is the hallmark of her transformational leadership.

Prior to joining Capgemini, Miriam worked at Oracle for over 22 years where she held a number of senior leadership positions.  During her tenure, she led North America Consulting Sales for mid-market accounts, Canadian Consulting Sales team for commercial accounts, and the North American Consulting sales team for financial services accounts.  Most recently, she initiated and structured the North American Oracle Consulting Strategic Sales Collaboration with elite systems integrators.

Miriam holds a Bachelor in Science in computer engineering and an MBA from Northeastern University.  She also completed an Executive Business Education program with a focus on corporate leadership at the Harvard Graduate School of Business.

Miriam is passionate about humanitarian causes. She is the founder and President of the Venezuelan Hope Foundation, a non-profit organization providing direct support to the elderly, families in need, children at risk, and abandoned pets in impoverished Venezuelan communities.

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.

Stephen Hallenbeck

Stephen is a Managing Director at Hildred Capital Management (HCM), which is a healthcare-focused private equity firm based in New York. He previously served as the Director of Private Equity at Hildred Capital Partners (HCP), where he was responsible for sourcing, evaluating, executing, and managing investment opportunities within a family office private portfolio. In connection with his oversight at Hildred, Mr. Hallenbeck serves on the Board of Directors for Hyland’s, a leading supplier of natural consumer healthcare products; DermCare, a dermatology practice management company; SportsMed, a physical therapy practice management company; and Crown Laboratories, a premier dermatology, aesthetic, and skincare products business.

In addition to his role at HCM, Mr. Hallenbeck serves on the Board of Directors and Financial Sustainability Committee of the Triangle Fund, a community and youth-focused non-profit organization based in upstate New York. Prior to joining Hildred, Mr. Hallenbeck worked at Deutsche Bank Securities where he was most recently a member of the Financial Sponsors Group. In this role, he evaluated and executed acquisitions and capital markets financings for both prospective and current portfolio companies of private equity firms. Prior to his time in the Financial Sponsors Group, Mr. Hallenbeck was as a member of Deutsche Bank’s Healthcare Investment Banking team, focusing on M&A, debt, and equity transactions for both private and public companies within the sector. Mr. Hallenbeck received a B.A. in Economics with honors from Vanderbilt University.

Doug Jaffe

Doug joined the Market Street’s Board of Directors in November of 2020. Doug works as a consultant and advisor to organizations focused on K-12 education in the United States.  Doug recently served as a Senior Fellow at the Bill & Melinda Gates Foundation where he developed portions of the foundation’s education strategy.  Prior to his time at the foundation, Doug was a Senior Fellow at the New York Regents’ Research Fund and an advisor to the New York State Education Commissioner.  Earlier is his career, Doug worked for the New York City Department of Education where he led human capital, strategy, data and technology initiatives.  Doug currently serves on the advisory board of the Center for Public Research and Leadership at Columbia University and as Chair of CSforALL, a national non-profit committed to ensuring equitable access to computer science education.

Doug began his career installing computer networks for local businesses before joining Andersen Consulting after college.  After his time at Andersen, Doug led software and e-commerce product teams in the private sector before attending law school.  Doug holds a Bachelor’s degree from Clark University, a J.D. from Columbia Law School, and is an alumnus of the Broad Residency in Urban Education. 

David Kimelberg

Dave Kimelberg is the Founding Partner of Kimelberg PLLC. He is the former General Counsel for SoftBank Capital and SoftBank Holdings, multi-billion dollar venture capital and investment companies located in Boston and NYC.  He is also the former founding CEO of Seneca Holdings, which he led from a start-up concept to a successful group of multiple operating and investment companies in a diverse range of industries.

Dave has been involved in a leadership role in billions of dollars of successful U.S. and foreign company investments, M&A activity, public offerings and complex monetization transactions, including one of the largest debt and collar monetization transactions executed worldwide.

He has served in numerous Board of Director positions including Seneca Solutions, Executive Protection Services, Nexus Technology Solutions, Chairman of the Advisory Board to the Special Trustee for American Indians at the U.S. Department of the Interior (overseeing approximately $5.2 billion in assets) and others. 

Dave was previously a corporate attorney with Foley Hoag LLP in Boston and Cadwalader, Wickersham and Taft LLP in NYC, where he specialized in representing venture capital and investment groups.  He also clerked for a U.S. federal judge.  Dave received a JD from Cornell Law School (magna cum laude) and a BBA (finance) from Northeastern University (magna cum laude).  He was an editor of the Cornell Law Review and a member of the Order of the Coif honor society.  Dave is an enrolled member of the Seneca Nation of Indians and has decades of experience in Native economic and community development.

Kara Garner Pass

Kara Joined Market Street Trust in 2019 as President and CEO. In this role, Kara works closely with the Board of Directors and leadership team to shape and develop our long-term, client-focused strategic plan while overseeing all of Market Street’s integrated wealth management services. Prior to joining Market Street Trust, Pass was Senior Vice President and Managing Director of Tompkins Financial Advisors overseeing approximately $1.6 billion in assets under management. In addition to leading a team of financial advisors, trust officers, portfolio managers, financial planner and wealth associates, she also led the Tompkins Financial Corporation’s Innovation team and served on the Tompkins Trust Company Bank’s leadership team. Pass started her career in banking as a teller in 1993, and throughout the years led retail and commercial lending teams before overseeing Tompkins wealth management arm. 
Pass received her B.A. from Roanoke College and M.P.A. from Cornell University. Kara is deeply involved in her local community as a volunteer and board member for many civic and non-profit organizations including the United Way of Tompkins County, the Tompkins County Chamber of Commerce, Tompkins Cortland Community College Foundation and the Ithaca Community Childcare Center.

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.  

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.

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. 

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.

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. 

Elizabeth W. Smith

Betsy joined Market Street's Board of Directors in 1987 and had served on the Investment Committee. Betsy currently serves as the President and Chief Executive Officer of the Central Park Conservancy. From 2002-2013 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; the Library of America; and The Central Park Conservancy.

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 in Claremont, California where she was elected to Phi Beta Kappa.

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.