Marshall  Lux net worth and biography

Marshall Lux Biography and Net Worth

Marshall Lux serves as a Director of New York Community Bancorp, Inc. and its bank subsidiary, Flagstar Bank, N.A. He joined the Company’s board in February 2022. In addition to chairing the Technology Committee, Marshall also serves on the Audit and Risk Assessment Committees.

Marshall Lux is a prominent and highly-regarded financial services industry professional whose career spans nearly four decades and crosses a broad variety of financial industry subsectors, including consumer finance, commercial banks, insurance companies, broker/dealers, wealth and asset management firms, card companies, private equity, and FinTechs. Mr. Lux’s experiences at McKinsey and elsewhere during his career, included advising financial institutions regarding various risk and compliance matters, including consumer compliance relating to retail banking, mortgage lending, and other lending. Throughout his career he has built strong relationships with C-suite executives, becoming their trusted advisor and confidant.

He attended Princeton University as an undergraduate and Harvard Business School for his graduate studies. Upon graduating from Harvard in 1986, Mr. Lux began working at McKinsey & Co., where he advised companies on core strategies and operational issues, including with respect to consumer compliance issues, mergers and merger integration, new product design and rollout, expense management, credit quality, crisis management, and capital initiatives.

Marshall left McKinsey as a Senior Partner after nearly 20 years to join one of his clients, JP Morgan, as Global Chief Risk Officer for Chase Consumer Bank. In this capacity, he managed a staff of 10,000 employees around the world, reported to the Company’s board of directors, and worked hand-in-hand on the Consumer Bank risk strategy with CEO Jamie Dimon. During his tenure at JP Morgan, he developed a number of risk strategies and models which helped successfully steer the bank through the mortgage crisis, also advising regarding various consumer compliance matters relating to JPMC’s mortgage lending – including as such risks expanded as a result of the crisis.

He left JP Morgan in 2009, to return to his consulting roots, with the Boston Consulting Group (“BCG”), where he was their first directly elected Senior Partner. At BCG, he advised many of the same financial services companies that he had advised earlier in his career at McKinsey. At Boston Consulting, Mr. Lux has continued his focus on advising financial service companies – including residential mortgage lenders and other consumer credit providers.

He finished his full-time professional career with BCG in 2014, transitioning from Senior Partner to Senior Advisor, so he could focus on working with boards. He remains an advisor to BCG. He currently is a member of several boards including Mphasis, a publicly-traded global IT company, DHB Capital, a public SPAC, and Kapitus, a privately-held small business lender. He also is a director of the Guardian Life Mutual Funds Board, which is the wealth management arm of the Guardian Life Insurance Company. In addition to his board involvement, he also advises a number of FinTech companies that are involved in payment systems, mortgage lending, digital assets, cybersecurity, and wealth management. Mr. Lux is a member on the investment committee of the Simons Foundation, one of the largest charitable organizations in the US, focused on math and natural science.  

In addition to being a senior fellow at Harvard University where he teaches and writes, Mr. Lux is also a senior fellow at Wharton and Kellogg/Northwestern. He is a prolific writer having authored or co-authored ten papers on a broad range of topics, including the importance of community banks, credit access, fair lending, and consumer privacy. His experience and expertise have also been recognized by the public sector where he has advised Janet Yellen while she was Chair of the Federal Reserve Board, the 9/11 Commission, and has also testified before Congress on a number of financial topics.

What is Marshall Lux's net worth?

The estimated net worth of Marshall Lux is at least $199,481.40 as of March 21st, 2024. Mr. Lux owns 64,872 shares of New York Community Bancorp stock worth more than $199,481 as of June 19th. This net worth estimate does not reflect any other assets that Mr. Lux may own. Learn More about Marshall Lux's net worth.

How do I contact Marshall Lux?

The corporate mailing address for Mr. Lux and other New York Community Bancorp executives is 615 MERRICK AVENUE, WESTBURY NY, 11590. New York Community Bancorp can also be reached via phone at (516) 683-4100 and via email at [email protected]. Learn More on Marshall Lux's contact information.

Has Marshall Lux been buying or selling shares of New York Community Bancorp?

Marshall Lux has not been actively trading shares of New York Community Bancorp in the last ninety days. Most recently, on Thursday, March 21st, Marshall Lux bought 27,100 shares of New York Community Bancorp stock. The stock was acquired at an average cost of $3.69 per share, with a total value of $99,999.00. Following the completion of the transaction, the director now directly owns 64,872 shares of the company's stock, valued at $239,377.68. Learn More on Marshall Lux's trading history.

Who are New York Community Bancorp's active insiders?

New York Community Bancorp's insider roster includes Reginald Davis (EVP), Marshall Lux (Director), Ronald Rosenfeld (Director), and Lawrence Savarese (Director). Learn More on New York Community Bancorp's active insiders.

Are insiders buying or selling shares of New York Community Bancorp?

During the last twelve months, New York Community Bancorp insiders bought shares 5 times. They purchased a total of 213,410 shares worth more than $875,626.10. During the last twelve months, insiders at the financial services provider sold shares 2 times. They sold a total of 35,000 shares worth more than $410,640.00. The most recent insider tranaction occured on March, 21st when Director Marshall Lux bought 27,100 shares worth more than $99,999.00. Insiders at New York Community Bancorp own 6.4% of the company. Learn More about insider trades at New York Community Bancorp.

Information on this page was last updated on 3/21/2024.

Marshall Lux Insider Trading History at New York Community Bancorp

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
3/21/2024Buy27,100$3.69$99,999.0064,872View SEC Filing Icon  
2/3/2023Buy5,000$10.05$50,250.0017,000View SEC Filing Icon  
12/6/2022Buy6,000$8.53$51,180.0012,000View SEC Filing Icon  
9/30/2022Buy6,000$8.63$51,780.006,000View SEC Filing Icon  
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Marshall Lux Buying and Selling Activity at New York Community Bancorp

This chart shows Marshall Lux's buying and selling at New York Community Bancorp by year and by quarter.

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New York Community Bancorp Company Overview

New York Community Bancorp logo
New York Community Bancorp, Inc. operates as the bank holding company for Flagstar Bank, N.A. that provides banking products and services in the United States. The company's deposit products include interest-bearing checking and money market, savings, non-interest-bearing, and retirement accounts, as well as certificates of deposit. Its loan products comprise multi-family loans; commercial real estate loans; acquisition, development, and construction loans; commercial and industrial loans; one-to-four family loans; specialty finance loans and leases; warehouse loans; and other loans, such as home equity lines of credit, boat and recreational vehicle indirect lending, point of sale consumer loans, and other consumer loans, including overdraft loans. The company offers cash management products; non-deposit investment and insurance products; and online banking, mobile banking, and bank-by-phone services. It primarily serves individuals, small and mid-size businesses, and professional associations. The company was formerly known as Queens County Bancorp, Inc. and changed its name to New York Community Bancorp, Inc. in November 2000. New York Community Bancorp, Inc. was founded in 1859 and is headquartered in Hicksville, New York.
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Today's Range

Now: $3.08
Low: $3.04
High: $3.17

50 Day Range

MA: $3.25
Low: $2.64
High: $3.89

2 Week Range

Now: $3.08
Low: $1.70
High: $14.22

Volume

13,928,670 shs

Average Volume

11,482,708 shs

Market Capitalization

$2.52 billion

P/E Ratio

307.50

Dividend Yield

1.26%

Beta

0.98