HomeMy WebLinkAboutDocumentation_Regular_Tab 14_09/10/2009~~
1. VILLAGE COUNCIL MEETING:
VILLAGE OF TEQUESTA
AGENDA ITEM TRANSMITTAL FORM
Meeting Date:
9/10/09 Meeting Type: Regular Ordinance #: Click Here to enter text.
Consent Agenda: No Resolution #: Click here to enter text.
Originating Department: Clerk
2. AGENDA ITEM TITLE: (Wording form the SUBJECT line of your staff report)
Public Safety Pension Board Appointment -Village Clerk McWilliams
• Appointment of Frank D'Ambra as Council Appointee Replacing Ken Nielson -Term
Expires 9/13/11
3. BUDGET /FINANCIAL IMPACT:
Account #: N/A Amount of this item: N/A
Current Budgeted Amount Available:
N/A Amount Remaining after item:
N/A
Budget Transfer Required: No Appropriate Fund Balance: Choose an item.
4. EXECUTIVE SUMMARY OF MAJOR ISSUES: (This is a snap shot description of the agenda item)
Appointment of Frank D'Ambra as Council Regular Member Appointee, replacing Ken Nielsonwho
resigned
5. APPROVAL
Dept. Head:
,~,`~~~~ Finance Director: ^ Reviewed for Financial
Sufficiency
^ No Financial Impact
Attorney: (for legal sufficiency)
Village Manager:
• SUBMIT FOR COUNCIL DISCUSSION
• APPROVE ITEM: ^
• DENY ITEM: ^
Form amended 08/26/08
1
2
3
Yes ^ No ^
Routing Sheet Process
Send ALL completed forms to
Finance for review ONE WEEK prior
to agenda items due into Clerk's
Office.
Finance sends Routing Sheet to
Clerk by deadline.
Clerk formulates agenda and sends
to Manager for review /approval.
MEMORANDUM
Village of Tequesta
Clerk's Office
TO: Mr. Michael R. Couzzo, Jr., Village Manager
Honorable Mayor and Village Council Members
FROM: Lori McWilliams, Village Clerk
DATE: September 1, 2009
SUBJECT: Public Safety Pension Board Member Appointment
On August 4, 2009, Mr. Nielson acknowledged he would not seek reappointment to the
Board. A "Member Wanted" advertisement was published on two separate occasions
seeking interested applicants. One resident, Mr. Frank D'Ambra, submitted an
application requesting appointment. I recommend Mr. D'Ambra be appointed to the
Public Safety Pension Board for atwo-year term.
McWilliams, Lori
From: kennielson [kennielson@aol.com]
Sent: Tuesday, August 04, 2009 9:48 AM
To: McWilliams, Lori
Subject: Pension Board Term Expiring
Hi Lori,
As I mentioned during yesterday's Public Safety Officers Pension Board meeting, my second two-year term on the Board
will expire September 7, 2009 and I have decided not ask for reappointment. Serving on the Board has been a rewarding
experience and 1 have enjoyed working with you and your staff as well as with the other board members. I have
discovered, that even in retirement, time is not infinite and I do want to commit some time to doing "grass-roots" volunteer
work on one-to-one basis.
Also, I believe there are some other people in the community that might like an opportunity to serve on the Board and
share their talents and experience in a very meaningful way.
Sincerely,
Ken Nielson
McWilliams, Lori
From: support@civicplus.com
Sent: Tuesday, August 25, 2009 10:30 PM
To: McWilliams, Lori
Subject: Online Form Submittal: Board Application Form
If you are having problems viewing this HTML email, click to view a Text version.
Board Application Form
Please submit a short resume to the Village Clerk's Office: Lori McWilliams,
CMC, 345 Tequesta Drive, Tequesta, FL 33469.
Select the Board,
Commission, or Committee
applying for:*
Name:*
Home Address (must be a
resident of Tequesta - 18
years of age or older):*
Home Phone Number:*
Business Address:*
Business Phone Number;*
Cell Phone:
Occupation;*
Email Address:*
Length of Residency in
League City:*
Are you a registered voter:*
High School:
College:
Trade or Business School:
Hobbies:
Are you currently serving
on other Boards,
Commissions, or
Committees?*
If yes, which:
Have you served on a
Board, Commission, or
Committee before?*
If yes, which:
Please list organization
memberships and
positions held:
Please complete the online form below.
Personal Information
[Public Safety Pension Board Uj
Frank D'Ambra III
23 Leeward Circle, Tequesta FL 33469
561-747-8581
23 Leeward Circle, Tequesta FI .33469
561-676-5313
Executive -Insurance and Investment Products
frankdam bC~comcast.net
Residency Information
6 years 2 months
(X) Yes () No
Education and Hobbies
Barrington High School
University of Miami - BA Economics
Scuba Diving, Golf, Boating
Organization Membership Information
O Yes (X) No
(X) Yes
() No
Audit Committee
President, Paternal Gift Farms C)irector, Sentinel Lake Homeowners Association
Please List Areas of Special Interest
Please Enter Basic Resume Information Below
Resume to follow
* indicates required fields.
The following form was submitted via your website: Board Application Form
Select the Board, Commission, or Committee applying for:: Public Safety Pension Board
Name:: Frank D'Ambra III
Home Address (must be a resident of Tequesta - 18 years of age or older):: 23 Leeward Circle, Tequesta FL
33469
Home Phone Number:: 561-747-8581
Business Address:: 23 Leeward Circle, Tequesta Fl 33469
Business Phone Number:: 561-676-5313
Cell Phone::
Occupation:: Executive -Insurance and Investment Products
Email Address:: frankdamb~a~,comcast.net
Length of Residency in League City:: 6 years 2 months
Are you a registered voter:: Yes
High School:: Barrington High School
College:: University of Miami - BA Economics
Trade or Business School::
Hobbies:: Scuba Diving, Golf, Boating
Are you currently serving on other Boards, Commissions, or Committees?: No
If yes, which::
Have you served on a Board, Commission, or Committee before?: Yes
If yes, which:: Audit Committee
Please list organization memberships and positions held:: President, Paternal Gift Farms
Director, Sentinel Lake Homeowners Association
Please List Areas of Special Interest:
Please Enter Basic Resume Information Below: Resume to follow
Additional Information:
Form submitted on: 8/25/2009 10:29:57 PM
Submitted from IP Address: 75.57.153.70
Form Address: http://www.teguesta.or_glforms.aspx?FID=86
FRANK D'AMBRA, III Home (561) 747-8581
23 Leeward Circle Mobile (561) 676-5313
Tequesta, Florida 33469 E-mail frankdamb~comcast.net
CAREER SUMMARY
• Thirty years experience in the financial services industry serving in positions of
progressively increasing responsibility with major corporations
• Proven ability to refocus, restructure, reinvent and/or rejuvenate organizations to achieve
or exceed the goals of top management and shareholders
• An exemplary record of sales and marketing achievements
• Equally comfortable in the creation and implementation of winning marketing strategies for
investment or insurance products and services
• Thorough knowledge of the workings of all distribution channels including broker/dealers,
registered investment advisors, banks, independent marketing organizations, captive and
non-captive agent systems, third party distribution firms, third party administrators and
consulting firms
• Successfully led and managed organizations with oversight of as many as 400 employees
and with responsibility for sales in excess of $4 billion and assefs of $10 billion
PROFESSIONAL EXPERIENCE
Horace Mann -Springfield, II 2005 to 2008
Senior Vice President, Annuity and Life
Member of the executive leadership team of this national life and property casualty insurer focused on
the educator market. Full leadership and accountability to the CEO and the Board for operating
results of the Annuity and Life Division, encompassing investment, retirement and life products.
Member of the senior operations, investment, risk management, marketing and compliance committees.
Management participant at the Board of Directors meetings including representation on the investment
and audit committees. Board member of the life subsidiaries and the broker dealer.
• Reversed declining sales in the retirement and life product lines through the implementation of a
new product management process utilized to develop and launch new products in variable & fixed
annuities and term 8~ whole life. Replaced all products across all lines in first twelve months
resulting in an increase in net deposits/premiums and customer retention
• Responded to new IRS 403(b) regulations by developing group annuity and 403(b)(7) mutual fund
products with concurrent plan sponsor services and a centralized RFP/Key Accounts response
team. By being early to market the company retained virtually 100% of its existing relationships
and was able to expand its presence in key markets
• Increased investment product sales by 20% and life sales by 15%
• Increased operating profits by 20% to $35 million
• Led partnerships with Wilshire Associates, Ameritas, Lincoln National and Great American to
provide needed product offerings, that we could not effectively self manufacture, to our agency
distribution channel.
• Partnered with Wilshire Associates to develop and launch their lifecycle fund series.
• Introduced six sigma methodology to Horace Mann's product development and management
process
• The Annuity and Life Division was the top pertormer among the three operating divisions in 2007
and 2008
Financial Concepts -Jupiter, Florida 2003 to 2004
Principal
Established a consulting practice for insurance and investment firms focusing on the
recognition and development of market opportunities for investment and life insurance
products. Projects focused on a combination of the following components: market opportunity
and competitor analysis; competitive assessment; product design and pricing; distribution channel
structure, personnel requirements and compensation; strategic and tactical business plans and
benchmarking; organizational capabilities and GAP analysis; process evaluation and improvement;
outsourcing of functions, including distribution and product manufacturing; branding and technology
requirements.
• Assignments completed for leading investment and insurance firms.
Conning Corporation/Swiss Re Investors -Baltimore, Maryland 1999 to 2002
Swiss Re Investors merged into Conning Co. January of 2002
Vice President and Director of Marketing and Client Relations
Built and led the marketing team for Swiss Re Investors startup entry into the asset
management and advisory services marketplace.
• Developed and executed the strategic and tactical sales and marketing plans to take Swiss
Re's internal asset management and advisory capabilities, including dynamic financial
analysis, to the life and property & casualty insurance markets
• Functioned as the principal business developer adding 12 institutional relationships with $4
billion in assets
• The firm achieved full year investment sales of $830 million in 2000, $4 billion in 2001 and
$3 billion in 2002. During this period Swiss Re Investors rose to rank among the top four
investment firms for growth in its market segments
• Participated in the development of Swiss Re's new corporate branding and advertising
campaign, e-commerce initiatives, and the Internet's first interactive Dynamic Financial
Analysis model
GE Financial Assurance -Richmond, Virginia 1997 to 1999
Senior Vice President, Security Brokerage Services (1998 to 1999)
Co-President, Financial Services Group (1997 to 1998)
Senior Vice President, lnvestmenf Product Management (1997 to 1998)
Joined GEFA as one of four senior product managers with specific responsibilities for variable
annuities and 401(k) products. Appointed on an interim basis as co-president of the Financial
Services Group upon the sudden departure of the President while also continuing in original
role. Key objectives in this added position were to accelerate the assimilation of the recently
acquired company, Life of Virginia, and to oversee the security brokerage and bank channels,
variable life product management, actuarial services, customer service, and marketing
communications. In final role as Senior Vice President, Security Brokerage Services led the
turn around of the broker/dealer channel. Channels functioned as virtual companies bringing
products sourced primarily from within the GE organization to a focused group of customers and
their clients on a profitable basis. Significant accomplishments in these roles included:
• Increased the Security Brokerage channel sales for its primary products, variable annuities
and variable life from $600 million to $1.2 billion
• Developed a new strategic and tactical approach to the broker/dealer market, including a
restructuring of the internal and external channel operations to greatly enhance customer
responsiveness and drive sales growth
• Rebuilt the sales management and wholesaling team. 75% of the employees were new in
1998
• Exceeded channel profit target of $14 million by 20%
• Expanded product offerings to include GE mutual funds and immediate annuities
• Financial Services Group achieved 25% year over year profit growth in 1997 and 1998
• Created a new product management operational model which was adopted throughout the
GEFA system
• Successfully completed Six Sigma Black Belt training and introduced the GE Six Sigma
quality program to the channel in tandem with executing the restructuring and process
improvement plans
Canada Life Assurance Company -Atlanta, Georgia 1994 to 1997
Vice President, Annuity and Investment Products (1994 to 1997)
President, Canada Life of America Financial Services (1996 to 1997)
Full leadership and management responsibilities for one of three US Strategic Business Units
(SBU) reporting directly to the head of the US division of this $25 billion multi-national insurance
company. Led, directed and integrated the sales, marketing, product development, customer
service and financial aspects of the SBU for both retail and institutional investment products.
Annualized 1997 SBU sales totaled $940 million with earnings of $16 million.
• Vastly improved distribution by strengthening existing channels and adding new channels.
Improved diversification by adding two new product offerings, structured settlements and
investment management
• During the period from 1994 to 1997 the following increases were measured; variable
annuity sales up from $10 million to $202 million, 401(k) and money management sales up
from $1 million to $75 million, net earnings up from -$1.3 million to $16 million, total
premium up 53% to $940 million and total assets up 25% to $5 billion
• Successfully negotiated the aquisition of CLCapital Management, Inc., an institutional
investment management firm
Confederation Life -Atlanta, Georgia 1990 to 1994
Assistant Vice President, Investment Products Marketing (1991 to 1994)
Chief Marketing Officer, CL Capital Management, Inc. (1991 to 1994)
Assistant Vice President. Pension Products Marketing (1990 to 1991)
Initially responsible for sales and marketing of the company's institutional market value and GIC
products through a sales group of 10 located in 6 offices around the US. Key objective was to
shift emphasis from GIC's to market value investment products. Promoted within position in
October 1991 and gained additional responsibility for retail investment products with special
focus on variable annuities.
• Increased institutional market value sales from $22 million to over $135 million and assets
from $60 million to $425 million
• Increased variable annuity sales from $6 million to $310 million (annualized) and assets
from $1 million to $545 million
• Produced significant increases in all key objective areas.
C&S Banks -Fort Lauderdale, Florida 1989 to 1990
Vice President, Institutional Trust Sales
Managed institutional trust sales for the state of Florida achieving a 100% revenue increase
over the preceding year.
MONY Financial Services -Los Angeles, California 1985 to 1989
Manager, Investment Sales -Western Region (1987 to 1989)
Senior Pension Consultant -Southeast Region (1985 to 1986)
Recognized as a top producer all five years. Promoted to Western Region Manager to turn
around underperforming region. Increased pension investment management sales, both full
service and investment only, by 250% in 1987 and a like amount in 1988.
PREVIOUS WORK HISTORY
Transamerica Life Insurance and Annuity Company -Torrance, California 1981 to 1985
Assistant Regional Manager
Sales of investment products and services for retirement plans
Law School (see Education and Professional Development) 1979 to 1981
Transamerica Life Insurance & Annuity Company -Park Ridge, Illinois 1977 to 1979
Pension Representative
Sales of investment products and services for retirement plans
EDUCATION and PROFESSIONAL DEVELOPMENT
BA in Economics 1977
University of Miami -Miami, Florida
Juris Doctorate Candidate 1979 to 1981
University of Miami School of Law -Miami, Florida
Certifications and Affiliations
Portfolio Management Theory, University of Georgia 1993
Six Sigma Black Belt 1998
Community Activities
Village of Tequesta - Tequesta, FI
Member Audit Committee 2008 to 2009
Paternal Gift Farms, Inc -Highland, Md 2000 to 2002
President
