EDUCATION DEPARTMENT / THE UNIVERSITY
OF THE STATE OF
Higher Education and Professional Practice Committee
February 27, 2007
Issue for Decision (Consent Agenda)
Should the Board of Regents approve the reappointment of Daniel J. Hogarty, Jr. to the State Teachers’ Retirement System Board?
Required by State Statute.
The question will come before the Higher Education and Professional Practice Committee at its March 2007 meeting, where it will be voted on and action taken. It will then come before the full Board at its March 2007 meeting for final action.
Appointment of a member to this position on the Retirement Board requires
approval by the Board of Regents. Education Law, section 504(2), provides
“One member who is not an employee of the
state, who shall have
been an executive officer of a bank
authorized to do business in this
state, elected by the Board of Regents of
the University of the State
Daniel J. Hogarty, Jr. was first appointed to the
State Teachers’ Retirement System Board on July 1, 2005 to fill the unexpired
term of a previous member. He is now being recommended for reappointment for a
full three-year term. Mr. Hogarty
currently chairs the Teachers’ Retirement System Board’s Finance Committee. He
is Vice Chairman and Director of the First Niagara Financial Group. He is the
former Chairman, President, and Chief Executive Officer of
VOTED: That Daniel J. Hogarty, Jr., be reappointed to the New York State Teachers’ Retirement System Board for a term beginning May 6, 2007 and ending May 6, 2010.
Timetable for Implementation
Mr. Hogarty’s new term would begin May 6, 2007.
DANIEL J. HOGARTY,
Vice Chairman &
Mr. Hogarty began his banking career in 1964 at First Trust Company of
At present, Mr. Hogarty is serving as Vice Chairman of the Board of
Directors of First Niagara Financial Group. He is the former Chairman, President
& Chief Executive Officer of Troy Financial Corporation as well as the
President, Chief Executive Officer and Director of the Troy
Savings Bank. Mr. Hogarty was
elected President and a Trustee of the Troy Savings Bank in 1985 and became
President & Chief Executive Officer in 1987, remaining in that capacity
until the bank was acquired by First Niagara Financial Group in January
Mr. Hogarty is Director, Treasurer and Chairman of the Finance Committee
of the University at Albany Foundation; and Director of the New York Business
Development Corporation, Troy Municipal Assistance Corporation, The Arsenal
Appointed by Governor Mario M. Cuomo in 1992, Mr. Hogarty served as a
member of the State of
In 1995, Mr. Hogarty was appointed a member of the Troy Municipal
Assistance Corporation (MAC) by Senator Joseph L. Bruno and continues to serve
in that capacity.
In 1996, Mr. Hogarty was appointed by Governor George E. Pataki a member
of the Board of Directors of the New York Business Development Corporation and
continues to serve in that capacity.
In 1997, Mr. Hogarty was appointed by Governor George E. Pataki a trustee
of the Savings Banks Life Insurance Fund and served until June
In 2001, Mr. Hogarty was appointed a member of the Board of Trustees of
the State University of New York by Governor George E. Pataki and served until
In 2004, Mr. Hogarty was appointed a member of the Board of Directors of
the Harriman Research and Technology Development Corporation by Governor George
In 1994, Mr. Hogarty received the Executive of the Year award from the
Capital District Business Review.
1995, Mr. Hogarty received the Tree of Life Award from the Jewish National Fund
and he and his wife received the LaSallian Benefactor Award from LaSalle School
of Albany. In 1997, they received the Monsignor Burns Memorial Award from
In 2001, Mr. Hogarty received the President’s Award from Hudson Mohawk
Association of Colleges & Universities and the Citizen of the University
Award from The University at Albany Alumni Association.
In 2002 Mr. Hogarty received The Greene County Council on the Arts
Distinguished Service Award and Christian Brothers Academy Distinguished Alumni
In 2003, Mr. Hogarty received the President’s Award from the Capital
District YMCA and Co-Distinguished Citizen Award from Twin Rivers Council,
In 2004, Mr. Hogarty received the Edward H. Pattison Award from the
Rensselaer County Regional Chamber of Commerce.
Mr. Hogarty is a graduate of Christian Brothers Academy, received a
Bachelors of Science Degree from Villanova University and a Masters in Business
Administration from Siena College.