THE PORT AUTHORITY OF NY & NJ
Press Release Article
NEIL D. LEVIN, FORMER HEAD OF PORT AUTHORITY, LAID TO REST
Date: Apr 10, 2002
Press Release Number: 41002-2002
Private Funeral Services Held After Mr. Levin\'s Body Recovered at WTC Site
Governor George E. Pataki today announced that private funeral Services were held Sunday for former Port Authority Executive Director Neil D. Levin, whose body was recently recovered at the site of the World Trade Center.
\"Neil was my friend, and I miss him,\" Governor Pataki said. \"As we continue to pray for those families who have yet to recover their loved ones despite the heroic efforts of the firefighters and rescue workers, it is my hope that Neil can now rest in peace.
\"Neil\'s approach to public service was grounded on a passion for customer service, for efficiency and for challenging his staff to deliver results more quickly and effectively than ever before. He brought boundless energy, curiosity and a love for new ideas to his post.\"
Mr. Levin joined the Port Authority in April 2001. He had served as State Superintendent of Insurance; State Superintendent of Banking; a Vice President of the Financial Services Industry Group at Goldman, Sachs; and Chairman of the Federal Home Loan Bank of New York. He also was a member of the Council on Foreign Relations and a Trustee of Hofstra University.
Mr. Levin also served as chairman of the State Commission on the Recovery of Holocaust Victims\' Assets, assisting Holocaust victims and their heirs in the recovery of assets wrongfully taken in the Holocaust. Just last November, Mr. Levin\'s efforts again paid new dividends for Holocaust victims with the recover and return of two painting seized by the Nazis to the rightful heirs through the efforts of the Holocaust Claims Processing Office.
At Insurance, Mr. Levin helped protect consumers through more effective and efficient regulation, including creation of the first-ever Capital Markets Bureau. He modernized the agency by emphasizing the use of new technology, facilitating the online submission of rate and form filings, online financial reporting and the visionary move towards risk-based examination policies.
At Banking, Mr. Levin transformed the Department\'s operations, spearheading the state\'s efforts to usher in the age of interstate banking and branching with the passage of legislation implementing the Riegle/Neal Interstate Banking and Branching Efficiency Act. He led the charge to prevent a financial meltdown in New York that could have resulted from the Daiwa Bank crisis and was a tireless promoter of the state charter while recognizing the need for the state charter to be both flexible and adaptable to compete in the modern era of financial services.
Last fall, Governor Pataki announced that the State of New York will establish the Neil D. Levin Graduate Institute of International Relations and Commerce in New York City under the auspices of the State University of New York.
The Neil D. Levin Graduate Institute of International Relations and Commerce will carry on Neil Levin\'s vision and commitment to the people of New York, enabling future generations to gain advanced skills and experience necessary to function in the complex world of foreign relations and the global economy. The Institute will partner the great academic strengths of the State University, City University and other outstanding universities.
Mr. Levin is survived by his wife, Christine Ann Ferer and her two daughters from a previous marriage. He is also survived by his mother, Gloria, of Atlantic Beach, N.Y., and a brother, Stanley, of Westchester County.