The Emeritus Club

The Emeritus Club

Outstanding Alumni of the Class of 1954

FRANCIS L. FRAENKEL

Francis L. Fraenkel is a 1954 graduate of Tulane University’s School of Business and was named its Outstanding Alumnus in 1983. He is a Managing Director of Neuberger Berman, a New York based money management firm.

A native of New Orleans, Mr. Fraenkel was elected to Kappa Delta Phi and ODK honorary societies and served as editor of the Jambalaya while at Tulane. In addition, he served for a number of years as a member of the Business School Council.

His business career began as a stockbroker for Merrill Lynch Pierce Fenner and Smith in New Orleans. He was promoted to management training in New York in 1968. In 1972 Mr. Fraenkel resigned from Merrill Lynch to become a partner of Loeb Rhoades & Co., where he assumed responsibility for its Investment Management division. A series of mergers in subsequent years placed him in positions of senior responsibility for the asset management businesses of American Express and Lehman Brothers. In 1992 he founded a company of his own, Delta Capital Management, which was acquired by Neuberger Berman in December 2000.

Mr. Fraenkel has long maintained close and supportive ties with Tulane. He played an instrumental role in arranging for American Express to fund the initial years of the Career Day program. In 1988 he effectively partnered Tulane development efforts with Lehman Management office resources for a very successful fund raising campaign. In recent years he has continued to support the progress of the University and the School of Business through generous giving which has also benefited Tulane Athletics and the Jewish Studies program.

Mr. Fraenkel’s late wife, Cecele Ross Fraenkel, was a Newcomb ‘54 graduate and his brother, Albert Fraenkel II, was a Tulane graduate, and both were also dedicated supporters of the University.