Adrian C. 'Ace' Israel
Adrian C. "Ace" Israel was the president of Bache & Company in the 1960s. He was also the founder and chief executive officer of ACLI International. Israel died in 1991.[1] In 2007, Israel was inducted posthumously into the Futures Industry Association's Futures Hall of Fame, which was established in 2005 to commemorate outstanding contributions to the global futures and options community.[2] Background[edit]Israel was active in the the 1960s and 1970s in the commodities business and helped develop financial futures in their early days. His family's roots in commodities can be traced back 100 years to when the Israel family established a merchant trading firm in Louisiana and imported coffee from South America. Under his leadership, the firm grew into one of the world's largest privately owned merchant organizations. John Damgard, former President of the Futures Industry Association, once worked for Israel and ACLI. The firm was a pioneer in financial futures when they were introduced by the CBOT and CME. In 1981, ACLI merged with the investment banking firm Donaldson, Lufkin & Jenrette, at which point the Israel family became the largest shareholder of DLJ.[3] Education[edit]References[edit]
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