Mark Alexander
About Mark Alexander
Independent director since June 2015; age 63 as of the 2025 annual meeting. Chief Information, Technology and Operations Officer at Rockefeller Capital Management; previously CEO and board member of iCreditWorks. Certified Public Accountant (inactive); B.B.A. from Hofstra University and M.B.A. from NYU Stern. Tenure on LADR’s Board: Class III director; Board has seven members and met four times in 2024 .
Past Roles
| Organization | Role | Tenure/Dates | Committees/Impact |
|---|---|---|---|
| Merrill Lynch / Bank of America Merrill Lynch | CIO and Head of Technology & Operations for Global Markets and Global Wealth & Investment Management | Not disclosed | Led large-scale technology and operations across market and wealth platforms |
| Latigo Financial Services | Founder (advisory firm) | Not disclosed | Advised on financial services, technology, operations |
| McKinsey & Company; Aquiline Capital Partners; Broadridge Financial Solutions | Executive Advisor | Not disclosed | Strategic advisory to major institutions |
| Depository Trust & Clearing Corporation (DTCC) | Board member; Lead Director | Lead Director in 2012/2013 | Market infrastructure governance |
| Euroclear; LCH.Clearnet; ESCC; GSCC | Board member | Not disclosed | Governance roles in clearing/settlement |
| Participants’ Trust Company | Chairman | 1996/1997 | Leadership of market participant trust |
External Roles
| Organization | Role | Current/Past | Notes |
|---|---|---|---|
| Rockefeller Capital Management | Chief Information, Technology and Operations Officer | Current | Private financial services firm |
| iCreditWorks | CEO and board member | Past | FinTech startup in point‑of‑care lending |
Board Governance
- Independence: Board determined Alexander is independent under SEC and NYSE standards .
- Committees: Audit (Chair); Nominating & Corporate Governance (Member) .
- Audit Committee financial expert: Alexander meets SEC definition; Audit Committee met four times in 2024 .
- Attendance: Each director attended ≥75% of Board and committee meetings in 2024; all directors attended the 2024 annual meeting .
- Executive sessions: Independent directors hold regular executive sessions .
- Board structure: Classified into three classes; Board met four times in 2024 .
Fixed Compensation
| Component | Amount | Period/Grant | Terms |
|---|---|---|---|
| Board cash retainer | $100,000 | FY 2024 | Paid monthly |
| Audit Committee Chair fee | $15,000 | FY 2024 | Chair premium |
| Total cash fees | $115,000 | FY 2024 | Reported in Director Compensation Table |
| Annual stock award (restricted shares) | $76,066; 7,109 sh | Granted 02/18/2024 | Vests in full on 1‑year anniversary or upon change in control, subject to service |
| Director stock ownership guideline | ≥$225,000 or ≥3× annual retainer | As of proxy date | All non‑employee directors satisfied guidelines |
Performance Compensation
| Metric | Applies to Director Awards? | Description/Threshold |
|---|---|---|
| Time‑based vesting of director restricted shares | Yes | One‑year cliff vest (or vest on change in control) |
| Company performance metrics (e.g., pre‑tax distributable ROAE ≥8%) | No | Used for executive awards; not applied to non‑employee director grants |
Other Directorships & Interlocks
| Entity | Type | Relationship | Potential Interlock Consideration |
|---|---|---|---|
| DTCC; Euroclear; LCH.Clearnet; ESCC; GSCC; Participants’ Trust Company | Market infrastructure boards | Past board service (Lead Director at DTCC 2012/2013; Chairman at PTC 1996/1997) | Governance expertise; no related‑party transaction disclosed |
| Broadridge Financial Solutions | Advisory | Alexander previously an Executive Advisor | LADR engaged Broadridge for proxy services in 2025 at ~$21,000 base fee; no related‑party disclosure, suggests immaterial/no current conflict |
Expertise & Qualifications
- Accounting/auditing; financial literacy; capital management; regulatory/risk management; technology expertise; independence per Board skills matrix .
- Certified Public Accountant (inactive), seasoned technology and operations executive; cybersecurity oversight perspective via Audit Committee briefings .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Class A | Notes |
|---|---|---|---|
| Mark Alexander | 120,611 | <1% | As of April 9, 2025; subject to standard SEC beneficial ownership rules |
- Hedging/pledging: Company prohibits short sales, derivatives, hedging, and pledging by directors .
- Compliance: All non‑employee directors met stock ownership guidelines as of proxy date .
Governance Assessment
- Strengths: Independent director; Audit Chair and SEC “financial expert”; robust attendance and engagement; skills span accounting, risk, technology and operations .
- Alignment: Director ownership guidelines satisfied; company prohibits hedging/pledging; Board and management hold meaningful stock collectively .
- Watchpoints: Classified board structure may face investor scrutiny; 2024 say‑on‑pay support was 38.9%, signaling compensation structure concerns (director oversight relevance) .
- Conflicts: No related‑party transactions disclosed for Alexander; prior advisory tie to Broadridge noted while Broadridge provides proxy services—no material/conflict disclosure, but monitor for perceived interlocks .