HSBC Executive Jumps to Major NYC Non-Profit

NEW YORK, NY: NOVEMBER 1, 2000—Miriam E. Katowitz has been named Chief Financial Officer, Director of Operations and Strategic Planning at the 92nd Street Y. Ms. Katowitz, a former Finance Division managing director and 20-year employee of what was Republic National Bank of New York (and what is now HSBC Bank USA), will report to Executive Director Sol Adler. She will oversee the finance, information systems, human resources and facility and theater operations departments of the $40 million not-for-profit cultural and community center.

Through its seven divisions covering a wide variety of disciplines—including the performing and literary arts; arts education and outreach; Jewish studies; parenting; adult education; and health, fitness and sports—the 92nd Street Y serves thousands of people annually, from newborns to centenarians.

"The Y's product portfolio has grown dramatically over the last few years, as has the number of leisure-time options available to New Yorkers," says Sol Adler, Executive Director. "If we want to continue to strengthen our presence and to achieve our goal of becoming the first global Jewish community and cultural center, we need the most sophisticated technology, operations and finance infrastructure we can get. Miriam's experience in managing these functions for a major corporate entity and her passion for the work that we do make her the ideal person to help us accomplish these goals."

Comments Ms. Katowitz, 50, "After two-and-a-half decades in the corporate sector and considerable time on two not-for-profit boards [those of the Long Island College Hospital and the Republic Foundation for Breast Cancer Research], I felt it was time to combine my vocation and my avocation." She continued, "It gives me great pleasure to know that, from now on, the professional tools I developed over a long career will be used in the service of one of the city's non-profit jewels."

Among the initial projects for which Ms. Katowitz, a CPA, will be responsible are the integration of the Y's various databases, which serve different internal and external constituencies; an assessment of the Y's long-term needs for programming and administrative space; and an analysis of the Y's e-commerce potential.

At her departure from HSBC, Ms. Katowitz was Managing Director, Profitability Reporting and Management Information. In that position she oversaw the bank's budgeting and planning, cost-allocation, customer-profitability, and trading and treasury-reporting areas. She was also responsible for creating and managing a corporate-wide information and profitability-management system—a project that involved recruiting a team of 70 and working with 50 business units around the world to integrate 40 distinct information systems, 200 products and one million customer accounts.

Her previous positions were Senior Vice President, Budgets, Cost Accounting, Customer Profitability, Accounting Operation and Control Department; First Vice President, Divisional Controller and Chief of Information Technology; and Vice President, Operations Review and Control. Before joining the bank, Ms. Katowitz was an auditor at Deloitte & Touche.

Ms. Katowitz's professional affiliations include Long Island College Hospital (Treasurer, Board of Regents; Chairperson, Operations, Investment and Audit Committees; Member, Executive Committee and Committee on Trustees) and Republic Foundation for Breast Cancer Research (Board member). She is a member of the Financial Women's Association (FWA), the Association of Certified Public Accountants (ACPA), the New York State Society of Certified Public Accountants (NYSSCPA), and the Association for Management Information in Financial Services (AMIFS).

Ms. Katowitz lives in Brooklyn Heights with her husband, Arthur Radin, and their three children.

Media Contact:
Alix Friedman, 212.415.5453
afriedman@92ndsty.org

# # #