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PRESS RELEASE

For Immediate Release - 03/26/1999

Media Contact:
Nancy Amiel
212-314-2811

 
Peter J. Tobin Named to Equitable Board of Directors
 

New York, NY - Peter J. Tobin has joined the Board of Directors of The Equitable Companies Incorporated (NYSE:EQ). Mr. Tobin was also named to the Board of Directors of The Equitable Life Assurance Society of the U.S., the wholly-owned subsidiary of The Equitable Companies.

Mr. Tobin is Dean of the College of Business Administration at St. John's University, responsible for the quality and effectiveness of instructional and research programs of the College and for decisions regarding faculty recruitment and development, resource allocation and facilities.

Mr. Tobin came to St. John's from the banking industry. He recently retired after 25 years with what is now the Chase Manhattan Corporation, his last 12 years spent as Chief Financial Officer. Mr. Tobin began his professional life in public accounting with Peat, Marwick, Mitchell. He started his banking career at Manufacturers Hanover Trust in 1972, advancing through positions of increasing responsibility until he was appointed Chief Financial Officer in 1985. Mr. Tobin assumed this same position with Chemical Bank after its merger with Manufacturers Hanover in 1991, and again in 1996, after ChemicalĖs merger with Chase.

Mr. Tobin earned a Bachelor of Business Administration degree from St. John's College of Business Administration in 1965, and an honorary Doctor of commercial Science degree in 1996, also from St. John's. He is a member of the American Institute of Certified Public Accountants, the New York State Society of CPAs and the Financial Executives Institute. Mr. Tobin is also a member of the Financial Accounting Standards Board Advisory Council and the Board of Directors of The CIT Group, Inc., the H.W. Wilson Company and Junior Achievement of New York, Inc.

The Equitable Life Assurance Society of the U.S., one of the nationĖs leading life insurance and financial planning companies, is the principal insurance subsidiary of The Equitable Companies Incorporated. The Equitable Companies is a member of the global AXA Group, one of the worldĖs largest and most diversified financial services companies, with assets under management exceeding $600 billion.


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