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Meet The PSI
Executive Team





Steve Newman, President

Because of his exceedingly diverse business background, Mr. Newman was an ideal choice to step into the role of President of PSI in 2005. He now oversees all day-to-day functions of the Company, and works closely with Jim Herst to devise growth strategies for both the current year and the longer term. It�s easy to see why Steve�s negotiating skills and financial acumen are so strong: In 1973, when the �new� Chicago Board of Options Exchange opened as America�s first options exchange, Steve was among its original Independent Market Makers. 

In this challenging environment, where numerous traders last only just a few years, Steve�s deal-making savvy enabled him to benefit from 18 successful years. Steve in addition served on the CBOE�s Arbitration Committee for two of those years.

Seeking a fresh challenge, in 1991 Steve founded Utility Rate Savers (URS); a Chicago-based firm that assisted small and mid-size companies slash their utility bills, by auditing them for savings opportunities. Although utility deregulation ultimately provided these savings, URS achieved its early growth objectives and strengthened both Steve�s fiscal and Client-service proficiency.

In 1993, Steve realigned himself into the credit industry when he became associated with Bannockburn, IL-based Novus Financial, a full-service, nationwide accounts-receivable management firm. His tenure with Novus incorporated the management of a seven-person field office. More recently he was an administrator at Full Spectrum Lending, where he both created and directed innovative over-the-phone policy strategies for selling mortgages and finalizing real estate transactions.

A graduate of the University of Denver, Steve was born and raised in the Chicago area. He and his wife, Trish, celebrated their 32nd wedding anniversary in 2009. Their daughter, Melissa, is a therapist working with autistic children and their son, Scott, is in college studying film editing.