Bush names former Minnesotan as new Peace Corps leader
Nominee was president of RBC Dain Rauscher
By Michael Ireland
Chief Correspondent, ASSIST News Service
GREAT FALLS, MONTANA / WASHINGTON, D.C. (ANS) – President Bush on Tuesday nominated longtime Minnesotan and former RBC Dain Rauscher executive Ron Tschetter to serve as director of the Peace Corps. He would replace Gaddi Vasquez, who has been named U.S. representative to the United Nations food and agriculture programs.
News sources say Tschetter, 64, first got involved with the Peace Corps in 1966, when he volunteered with his wife to work as family planning advisers in India.
Quoted in the St. Paul Pioneer Press newspaper, Tschetter said: “We were fresh out of college and had been married. We thought, ‘We can do this anytime, let’s see if we can do some good in the world.’ ”
Tschetter said he is “passionate about the Peace Corps and its mission.”
“(I) look forward to the unique opportunity to work with the men and women of this great organization worldwide,” he said.
The U.S. Senate must confirm his appointment, which is not expected to be taken up until after Labor Day.
The newspaper reported that if confirmed, Tschetter would be the 17th Peace Corps director, overseeing an agency with almost 8,000 volunteers and trainees serving in 75 countries. The Peace Corps, established in 1961 by President John F. Kennedy, helps promote better understanding between Americans and residents of foreign countries.
Tschetter is a former chairman of the National Peace Corps Association. He is currently president of D.A. Davidson & Co., an employee-owned investment firm based in Montana, where he now lives after spending some 30 years in Minnesota.
Tschetter spent 10 years as president of the Private Client Group for RBC Dain Rauscher — the financial services company that includes the old Minneapolis-based Dain Bosworth — and also has been chairman of the board of Daystar U.S., an affiliate of Daystar University in Kenya.
He also is a director of the Community Bank of Plymouth, Minnesota.
“I look forward to the unique opportunity to work with the men and women of this great organization worldwide.”
Tschetter, a former Peace Corps volunteer in India and a former president of RBC Dain Rauscher Inc., lived in Minnesota for about 30 years before moving to Montana. He has been president of D.A. Davidson & Co. since May 2004.
Tschetter said he was honored by the nomination.
“I have very much enjoyed my time with D.A. Davidson and will truly miss the people here,” he said. “At the same time, I am passionate about the Peace Corps and its mission, and look forward to the unique opportunity to work with the men and women of this great organization worldwide.”
Tschetter first got involved with the Peace Corps in 1966, when he volunteered with his wife to work as family planning -advisers in India.
D.A. Davidson & Co., the largest full-service investment firm based in the Northwest.
“We will all certainly miss Ron, but this is an extraordinary honor and opportunity and allows Ron to work with an organization he is passionate about,” said Bill Johnstone, President and CEO of Davidson Companies, the financial services holding company that owns D.A. Davidson & Co.
According to a media release from the company, Tschetter will continue as President of D.A. Davidson & Co. until the Senate has approved his nomination. At that time, Johnstone will assume Tschetter’s responsibilities, working closely with other senior managers.
“Ron was brought on board to expand the expertise and strength of D.A. Davidson & Co. and particularly our Private Client Group, and to continue the firm’s development,” said Johnstone. “With that initiative successfully under way, we’re confident we can continue to build upon the momentum that Ron has created.”
Tschetter was named President of D.A. Davidson & Co. in May 2004, after being elected to the Davidson Companies Board of Directors in January 2004. Previously, he served as President of the Private Client Group for Dain Rauscher (now RBC Dain Rauscher) in Minnesota. He held that position for 10 years, until retiring in 2001.
Tschetter has been active in securities industry organizations, and served until recently as Chairman of the Board of Daystar U.S., an affiliate of Daystar University in Nairobi, Kenya, where he served as a member of the University Council (Board of Trustees). He also is a Director of the Community Bank of Plymouth, Minn.
The Peace Corps was established in 1961. Since then, more than 182,000 Peace Corps volunteers have been invited by 138 host countries to work on issues such as AIDS education, information technology, small business and agricultural development and environmental preservation. The Peace Corps has three goals: to help countries meet their needs for trained men and women, help promote a better understanding of Americans, and help promote a better understanding of other people by Americans.
Founded in 1935, D.A. Davidson & Co. is an employee-owned, full-service investment firm providing integrated financial products and services from offices in 15 states. Besides serving individual investors, the company also provides investment banking, award-winning research, asset management, insurance services and other investment products and services to institutional and corporate clients.
D.A. Davidson & Co. is owned by Davidson Companies, one of the nation’s leading financial services holding companies. Also part of Davidson Companies are Davidson Investment Advisors, a professional money management firm; Davidson Trust Co., a wealth management and trust operation; Davidson Fixed Income Management, a registered investment adviser providing fixed income services; and Davidson Travel, a full-service travel agency.