Jay Marc Schwamm

Jay Marc Schwamm

MILLBROOK — Jay Marc Schwamm, 93, died at home in Manhattan on Oct. 16, 2023.

Jay maintained a home in Millbrook for 33 years, hosting countless weekends and holiday celebrations on Tower Hill Road for generations of friends and family. He and his beloved wife, Judy Mello Schwamm (1940-2003) valued their longstanding associations with the Millbrook Golf and Tennis Club and Saint Peter’s Church.

Jay spent much of his time in Millbrook surrounded by grandchildren, teaching them horsemanship, organizing outings, and generally making life pleasant and fun. Countless friends and neighbors over the years joined his family in calling him Papa Jay, a tribute to his loving inclusivity.

Jay was born in Brooklyn, New York, on April 17, 1930, and grew up in New York City. He attended the Ethical Culture School and New York Military Academy before majoring in history at Princeton, where he particularly enjoyed taking part in discussion forums led by Albert Einstein.

Jay completed his required military service in the US Army Reserve Counterintelligence Unit, graduated from Harvard Business School (Class of 1953), and served as Chairman and CEO of the American Trust Company Bank, building successful relationships in the emerging Mexican banking sector.

He left the bank in 1962 to pursue other business ventures (representing Westinghouse in the USSR; producing “spaghetti westerns”; and developing dishware with pop artist Peter Max) as well as politics. Jay served as one of Hubert Humphrey’s most valued advance men on the 1964 campaign trail, and spent 1968 as Special Assistant to the Vice President in the Executive Office Building of the White House. 

Jay later established REDAFCO, the real estate development and finance company where he worked until his death, developing major commercial buildings and other properties.

Jay is survived by his three children (Jennifer Schwamm Willis, Michael D. Schwamm and Lee H. Schwamm) and their spouses, seven grandchildren and one great-grandson.

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