Alger Baldwin "Duke" Chapman


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Feb 18th, 2013

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  • Death Date: Feb 18, 2013

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Biography: Alger Baldwin ?Duke? Chapman died on Monday, February 18, 2013 of congestive heart failure. Mr. Chapman was born on September 28, 1931 in Portland, Maine to the late Alger Baldwin Chapman and Elizabeth Libby Ives. Duke graduated from The Albany Academy, Williams College and Columbia University Law School. His career in the field of financial services spanned more than 50 years. Mr. Chapman began his career as an attorney at the Securities and Exchange Commission (SEC). From there he moved to the New York Stock Exchange where in 1961, he became vice president for legal, governmental and civic affairs. In 1966, he joined Shearson, Hammill & Co. beginning a remarkable twenty year career with one of Wall Street?s most amazing growth stories. In 1970, Duke was named Shearson?s President and CEO. When Shearson merged with CBWL Hayden Stone in 1974, he served as co-chairman of the combined firm until 1982 when American Express acquired Shearson, Loeb Rhodes. Duke then moved to American Express International Bank as Vice-Chairman to develop a global private banking network. His colleague at Shearson and Williams College classmate, Arthur Levitt, a former SEC Chairman, described Duke as ?a man of great and generous humanity?? who is ?perfectly comfortable in the halls of power, whether Washington or Wall Street, London or LaSalle.? In 1986, Duke was elected Chairman and Chief Executive of the Chicago Board Options Exchange (CBOE) in Chicago. There he led major innovations including formation of the CBOE Options Institute for investor education, new products such as long term options known as LEAPs and significant investments in state-of-the art trading and order automation systems. After a decade of service at the CBOE, Duke retired and in 1998 joined the Amsterdam-based international banking company, ABN-AMRO Inc., as Vice Chairman of the investment banking and capital markets arm. Shortly thereafter he became CEO of ABN-AMRO Financial Services responsible for the U.S. retail brokerage business serving until his retirement in 2004. Over the years, Duke was prized as a corporate director and was privileged to serve on the board of directors of Smith Barney Mutual funds, Johnson International, Trade Development Bank and New England ISO. Duke was engaged in his community and generously offered his time and talent to many organizations including the Police Athletic League of New York, The Cerebral Palsy Research Foundation, The Boy Scouts of America and served as president of the Illinois Council on Economic Education. He was a lifelong golf enthusiast and an avid reader. His appreciation of the written word and his inquisitive intelligence were the delight of his family, friends and colleagues. He was humble, kind, good natured and generous. He led by example and his character was evident in everything that he did. Duke will be remembered for his wisdom, good counsel and gentlemanly nature. His charm and sense of humor will be greatly missed. He is survived by his wife, Beatrice Bishop Chapman; two sisters, Carol Whitehouse of Portsmouth, New Hampshire; Hilda Dugan of Mt. Washington, Massachusetts; four sons, Alger Chapman and daughter-in-law, Trina of Moss Beach, California; Samuel Chapman and daughter-in law, Laura of Chicago, Illinois; Andrew Chapman of Little Rock, Arkansas; Henry Chapman of New Haven, Connecticut; and five grandchildren. In lieu of flowers, the family requests that memorial contributions be made to the Wounded Warrior Project. Arrangements by Ruebel Funeral Home, www.ruebelfuneralhome.com.

Condolences(09)
maryjane Farr
#9
Mar 15th, 2019 11:44 am
Dear Andrew and family,

I am sorry for your loss. I will always remember our trip to Switzerland with Bea and your dad, and how kind and caring your father was. I think of him and Bea often, as well as you and Sam and Henry.

All my love,

Jane
Kristin Cia-Jacques
#8
Mar 15th, 2019 11:44 am
Bea I am so sorry for your loss and I am going to really miss seeing you and Duke stroll in to see me at yayas! It was always a great day no matter how bad it had started off once I saw you two! I didn't know Duke as well as some but I felt a special bond with him and his sweet wife! Rest in peace and love. Bea if you need anything you know where I am and please do not hesitate to talk if needed.
Keith Wagenknecht
#7
Mar 15th, 2019 11:44 am
Bea, Sam and your families, I'm so sorry for your loss. Duke's professional impact on me and my family is only surpassed by his personal impact. I, like so many others, am beyond blessed to have known and worked with him. We do not think of him rarely but rather often and will continue to do so. We will miss him dearly and keep you all in our thoughts and prayers.
Major (R) robert E. Klein
#6
Mar 15th, 2019 11:44 am
Bea and the entire Chapman family,

Our deepest condolences on the passing on of Duke - a loving husband, brother, father, and grandfather. I will personally always remember him as "a Man of Character" - traits of integrity, loyalty, kindness, etc. Duke was instrumental in my Financial Services Management career as he helped guide me to become the National Sales Manager at LaSalle Financial Services - something I will always be grateful to him for. It was an extreme Privilege and Honor to serve and work for him!!!
All the very BEST to Bea and the Chapman family during this time of mourning. May GOD Bless all of you.

Bob, Kim, and Sofia Klein
Amy Hughes
#5
Mar 15th, 2019 11:44 am
Bea,
Our thoughts are prayers are with you and your family. I had the great pleasure working with Duke early in my career but late in his. It was a true honor to learn from him the business and to hear his stories. All of us back in Chicago miss our times together and are sad for your lose but blessed to have had you both touch our lives.
Linda Caudle
#4
Mar 15th, 2019 11:44 am
I received a huge blessing entering into the life of this wonderful man as his home health nurse. He was truly amazing how he fought with every ounce of his being to live and have quality of life with his disease. I witnessed smiles and wit day after day as he faced his health issues with diligence and courage. I was privileged to learn about his life through his amazing and interesting stories. His life will be deeply missed but his legacy will live on. My love and deepest sympathy goes out to the entire Chapman family, especially to Bea, his lovely wife who loved him so beautifully every day and to his son, Andrew, who faithfully loved and served his father in countless ways. My prayers are that God will comfort you in your loss and you will find peace that only He can give. My life will be forever richer knowing Duke and I am thankful. I will miss him.
Harry Crossfield
#3
Mar 15th, 2019 11:44 am
My sincere condolences and best wishes to his family and especially to his sister Hilda. Duke roomed with me at Columbia and I was very fond of his mother and father whom I worked for at Beechnut Lifesavors at the 1964 Worlds Fair. Duke was an incredible individual and I'm sorry I lost contact with him in later years.
James Floyd Kyser
#2
Mar 15th, 2019 11:44 am
Bea, Pat and I want to express our deepest sympathy to you and the entire Chapman family on the loss of Duke. I enjoyed our visits in the gym immensly, he was a man of great knowledge and foresight. I will miss my friend. All my best, Floyd Kyser
Lauren Matles
#1
Mar 15th, 2019 11:44 am
Duke had such a tremendous impact on my life and career. He gave me the confidence and wisdom to find success and I will treasure my times with him forever. I will miss him truly. Duke, thank you from the bottom of my heart for all that you did for me. All my best to the Chapman family as I know this is a tremendous loss.

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