David J. Vitale
David Vitale serves as the chairman of several Duff & Phelps managed closed, end funds. Previously Mr. Vitale served as the Chairman of Urban Partnership Bank, a newly formed bank serving the financially underserved neighborhoods of Chicago and Detroit. Mr. Vitale was appointed and served as the President of The Chicago Board of Education by Chicago Mayor Rahm Emanuel from May 2011 until July 2015. Mr. Vitale previously served as the Chief Administrative Officer for the Chicago Public School System, from 2003-2008. Chicago Public Schools is the third-largest district in the country and the second-largest employer in Illinois, with more than 47,000 employees. In February 2003, Mr. Vitale joined Chicago Public Schools as Senior Advisor to the Chief Executive Officer, Arne Duncan, working with Mr. Duncan on a full-time, pro-bono basis to improve efficiencies of the school system. In May 2003, Mr. Vitale expanded his pro-bono job to become Chief Administrative Officer. In addition, from 2008-2011, Mr. Vitale served as the Chairman of the Academy for Urban School Leadership (AUSL), a teacher training and school turnaround organization currently managing 31 schools.
From February 2001 through November 2002, Mr. Vitale served as President and Chief Executive Officer of the Chicago Board of Trade. In addition to serving as a member of the CBOT’s Board of Directors and Executive Committee, Mr. Vitale also served as President and CEO of the MidAmerica Commodity Exchange, an affiliate of the CBOT.
Mr. Vitale is a former Vice Chairman and Director of Bank One Corporation, where he was responsible for Bank One’s Commercial Banking, Real Estate, Private Banking, Investment Management, and Corporate Investments businesses. Mr. Vitale joined First Chicago in 1968 in the First Scholar program. Following several assignments and promotions, Mr. Vitale was named vice president and treasurer of First Chicago Corporation in 1974; managed foreign exchange and money market activities of the Bank’s London branch in 1979; was named executive vice president in 1986; head of the Corporate and Institutional Bank in 1991; director in 1992; vice chairman in 1993; and following the merger of First Chicago and NBD in 1995, director and vice chairman of First Chicago NBD Corporation and president of The First National Bank of Chicago.
Mr. Vitale has served on the Boards of Directors of United Airlines, Wheels Inc., DNP Select Income Fund (Chairman), and Ariel Investments.
Mr. Vitale serves on several civic and charitable boards including: The Dean’s Leadership Council of the Harvard Graduate School of Education; the Board of Trustees of the Museum of Science and Industry; The Art Institute of Chicago (Vice Chairman); the Board of Trustees of the YMCA of Metropolitan Chicago (Former Chair); Member of the Advisory Council of the Graduate School of Business at the University of Chicago; Illinois Institute of Technology (Vice Chairman); the Visiting Committee of The School for Social Service Administration at the University of Chicago; Leadership Greater Chicago (Former President); and The Chicago Council on Global Affairs. Mr. Vitale is a member of the Chicago Club, The Arts Club, The Economic Club of Chicago, and the Commercial Club of Chicago.