Nelson Chai

Nelson Joosuk Chai
Residence	New York City
Education	University of Pennsylvania Harvard Business School
Employer	CIT Group
Known for	-Archipelago Exchange merger
Salary	$600,000 (2007)
Title	President
Spouse(s)	Jung
Children	3
Korean name
Hangul
Revised Romanization	Chae Juseok
McCune–Reischauer	Ch'ae Chusŏk

Nelson Joosuk Chai (born 1965) is an American investment banker and financial executive. He formerly served as the chief financial officer of American financial services company Merrill Lynch and briefly as Bank of America's president for the Asia-Pacific region. He is the former president of CIT Group and reported directly to then CEO John Thain.

Chai served in senior positions at AlliedSignal and Philip Morris before joining medical diagnostics products manufacturer Dade Behring in 1997 as corporate vice president of worldwide field finance; he later became their senior vice president of business development.

Chai was named chief financial officer of Chicago, Illinois-based electronic communication network company Archipelago Exchange in June 2000. Chai was a major driving force behind the merger between Archipelago and the ; he repeatedly pressured his boss Archipelago CEO Gerald Putnam, to meet with NYSE officials, though Putnam felt that the NYSE would be uninterested and hoped instead to pursue an acquisition of rival ECN Instinet. In April 2005, when Archipelago formally announced its pending acquisition by the NYSE, it was decided that Chai would take over as CFO of the NYSE in May 2006 from Amy Butte, who had held that position since February 2004. Butte later decided to leave the exchange entirely rather than continue at her planned new position as executive vice president of strategy and product development. In 2006, Chai received a salary of $750,000 and a bonus of $825,000 from the NYSE; combined with other payments, his cash compensation for the year totalled $2,168,922.

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