Andrew Murstein – Chairman
Andrew Murstein is the founder, president and largest shareholder of the Medallion Financial Corporation, NASDAQ: Taxi. Medallion is a publicly traded investment company . In mid 2012 Murstein became the majority owner of the Lizards as Medallion Financial was one of several parties involved in the purchase of the professional lacrosse team.
Murstein was born in Roslyn, N.Y. His grandfather, Leon Murstein, became a New York cab driver and purchased one of the first New York taxi medallions, issued in 1937. Andrew's introduction into the taxicab industry came early. His father, employed by his grandfather in his Queens-based taxi business, took a young Andrew to the taxi garage, where he was assigned the task of collecting rentals for the use of the medallions from the drivers at the end of their shifts.
Andrew's family eventually owned more than 500 medallions and made the decision to sell some of them in the 1970s. They were unable to find a bank willing to provide the financing. This was the trigger that provoked them to get involved in the lending business. In 1979, the Mursteins founded a family-owned company called Medallion Funding Corp. Medallion has since lent over $3 billion to the taxi industry.
Medallions board of directors include former governor Mario Cuomo and also Hank Aaron.
In 1996, Murstein successfully launched Medallion Financial Corporation, which was established to be the parent company of Medallion Funding, as a public company trading on the NASDAQ under the symbol TAXI. The company owns and leases several hundred medallions and has financed the purchase of thousands more in Newark, NJ, Cambridge, MA, Philadelphia, Chicago, Boston and New York City. The company is also involved in investing in hundreds of businesses and also owns its own bank, Medallion Bank.
Murstein graduated cum laude from Tufts University and also from N.Y.U Graduate School where he received his M.B.A.
Mr. Murstein can be reached at email@example.com or 212-328-2101.
RICHARD J. MACK | NORTH AMERICA CHIEF EXECUTIVE OFFICER
Mr. R. Mack is the Chief Executive Officer of AREA's North American business responsible for new investments and investment management. Mr. Mack was one of the founding Principals of AREA in 1993 and is a member of the firm's Investment Committees in the U.S. and Europe. Since 1993, Mr. Mack has been involved in the investment of over $13 billion in more than 550 transactions on behalf of AREA's institutional investors and was specifically responsible for the creation of new business lines to capitalize on evolving market trends, including AREA's subordinate debt business. Previously, Mr. Mack had been a member of the Real Estate Investment Banking Department at Shearson Lehman Hutton. Mr. Mack serves as a Director of the VERA Institute of Justice, as President of the non-profit HES Community Center, which serves the residents of Canarsie, Brooklyn, and is a Board Member of both the Wharton School of Business Undergraduate Executive Board and the Randall's Island Sports Foundation Board of Trustees. Mr. Mack graduated from the Wharton School of Business with a BS in Economics and from the Columbia University School of Law with a JD.
Albert Maione was born in Brooklyn, New York. His family moved to Long Island when he was very young. He was raised in West Islip with his mother, father, and two siblings. After graduating from West Islip High School, Albert attended Westchester College, where he studied business and played football.
Albert Maione is the owner of several road construction companies based in Hicksville, New York. His companies have been responsible for the refurbishing of runways at JFK, LaGuardia, and LI/MacArthur Airports. They have also restored the roads on all the major highways and parkways throughout New York: Long Island Expressway, Wantagh Pkwy, Southern State Pkwy, New York State Thruway, Whitestone Bridge & Major Deegan Expressway, just to name a few.
Albert has been involved with many charitable organizations throughout the years, which include St. Jude’s Children’s Hospital, Angel’s on the Bay, Breast Cancer Coalition and American Diabetes Association. He also served on the Board for the Cooley’s Anemia Foundation.
Albert married his childhood sweetheart, Lucy. They have two children, Albert Jr. and Alicia, both born & raised in West Islip. The Maione’s now reside in Oakdale, Long Island, where they relocated two years ago, and in Boca Raton, Florida.
“Big Al”, a nickname he wears with pride, has always been passionate about sports. He spent many, many years coaching football, baseball, basketball & lacrosse in West Islip. The fast growth of lacrosse and his competitive nature sparked his interest and involvement with the Long Island Lizard organization.