Mr. Frazer was born on December 10, 1929, in Montgomery, AL where he resides today. He received his undergraduate degree from Huntingdon College in Montgomery in 1954 and his M.B.A. from Harvard Business School in 1956. Mr. Frazer was a Lieutenant and Tank Platoon Leader in the Korean conflict where he received the Silver Star for Gallantry in Action.
The majority of Mr. Frazer’s business career has been spent in the financial services industry. He was a broker for Sterne, Agee & Leach, executive vice president at Thornton, Farish & Gaunt, and co-founder and chairman of Frazer Lanier Company (dealer in both corporate and municipal securities).
In 1990, shortly before its bankruptcy, Mr. Frazer was elected to the Board of The Enstar Group, Inc. He later accepted the chairman’s role and resigned from Frazer Lanier. The company was in dire straits with the bankruptcy as well as former executives under indictment and massive debt. Mr. Frazer took on the challenge. He divested assets, collected judgments from executives, and paid down debt. He transformed the company into a holding company of financial assets, primarily insurance and reinsurance companies. Enstar’s market capitalization is over $1.5 billion.
Mr. Frazer has been active in numerous civic and charitable organizations such as chairman of the Montgomery Chamber of Commerce, member of Leadership Alabama, trustee of Huntingdon College, president of Lurleen B.Wallace Cancer Foundation, director of Alabama Mental Health Association, and many others.
Mr. Frazer and his wife, Lee, have been married for 51 years and have five children in addition to nine grandchildren.