![Robert Zak](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" fill="%231b1b1b" class="bi bi-person-fill" viewBox="0 0 16 16"><path d="M3 14s-1 0-1-1 1-4 6-4 6 3 6 4-1 1-1 1zm5-6a3 3 0 1 0 0-6 3 3 0 0 0 0 6"/></svg>)
Robert Zak
Chairman at
RAND CAPITAL CORPORATION
Net worth: 248 718 $ as of 2026-05-30
Profile
Robert M.
Zak is President & Chief Executive Officer at Merchants Group, Inc. He is Chairman at Rand Capital Corp.
since 2021 and Non-Executive Chairman at Merchants Mutual Insurance Co., Inc. since 2021.
He serves as Chairman at Merchants Insurance Group since 2021.
He holds the positions of Treasurer & Director at Invest Buffalo Niagara, Inc., Director & Chair of the board at Rand Capital Management LLC since 2005, Director at 100 Club of Buffalo, and Director at Great Lakes Health System.
Former roles include President & Chief Executive Officer at Merchants Mutual Insurance Co., Inc. (Investment Portfolio) and American European Insurance Co., Vice Chairman at Kaleida Health, Chairman-Elect at United Way of Buffalo & Erie County, Inc., and Independent Director at Manning & Napier, Inc. from 2012 to 2016.
Education includes undergraduate and MBAistration degrees from State University of New York at Buffalo.
Known holdings in public companies
| Company | Date | Number of shares | Valuation | Valuation date |
|---|---|---|---|---|
| 2026-03-04 | 23,464 ( 0.79% ) | 248 718 $ | 2026-05-30 |
Robert Zak active positions
| Companies | Position | Start |
|---|---|---|
| RAND CAPITAL CORPORATION | Chairman | 2021-11-30 |
Merchants Group, Inc.
 Merchants Group, Inc. Property/Casualty InsuranceFinance Provides property and casualty insurance services | Chief Executive Officer | - |
Rand Capital Management LLC
 Rand Capital Management LLC Investment ManagersFinance Rand Capital invests in lower middle market companies located in the United States with a revenue of more than USD 10 million and an EBITDA of more than USD 1.5 million. The firm focuses on a broad range of sectors and industries. It provides financing in the form of debt and equity such as subordinated debt & promissory notes, convertible notes, equity & membership Interests and equity warrants for buyout transactions. The firm takes a minority position and also makes follow on investments. | Chairman | 2021-11-30 |
Merchants Insurance Group
 Merchants Insurance Group Investment ManagersFinance Provides investment advice for Insurance Company Portfolio | Chairman | 2021-03-31 |
Merchants Mutual Insurance Co., Inc.
 Merchants Mutual Insurance Co., Inc. Property/Casualty InsuranceFinance Provides fire, marine, and casualty insurance services | Chairman | 2021-03-31 |
100 Club of Buffalo
 100 Club of Buffalo Miscellaneous Commercial ServicesCommercial Services Operates nonpolitical organizations | Director/Board Member | - |
Great Lakes Health System
 Great Lakes Health System Food: Specialty/CandyConsumer Non-Durables The non-profit company is based in Buffalo, NY. Great Lakes Health System is a not-for-profit, community-based corporation that integrates major healthcare entities including Kaleida Health, the University at Buffalo, ECMC, and the Center for Hospice & Palliative Care. The system delivers comprehensive healthcare services such as trauma care, long-term care, ambulatory and community clinics, and at-home nursing care. | Director/Board Member | - |
Invest Buffalo Niagara, Inc.
 Invest Buffalo Niagara, Inc. Miscellaneous Commercial ServicesCommercial Services Operates as nonprofit privately funded economic development organization, which focuses on job creation | Director/Board Member | - |
Former positions of Robert Zak
| Companies | Position | End |
|---|---|---|
| MANNING & NAPIER, INC. | Director/Board Member | 2016-06-15 |
| ░░░░░░░░░ ░░░░░░ ░░░░░░░░░ ░░░░ ░░░░ ░░░░░░░░░░░ ░░░░░░░░░░ | ░░░░░ ░░░░░░░░░ ░░░░░░░ | - |
| ░░░░░░ ░░░ ░░ ░░░░░░░ ░░░░░ ░░░░ ░░░░░░░ ░░░░ | ░░░░░░░░ | - |
| ░░░░░░░ ░░░░░░ | ░░░░░░░░░░░░░░ ░░░░░░ | - |
| ░░░░░░░░ ░░░░░░░░ ░░░░░░░░░ ░░░ | ░░░░░ ░░░░░░░░░ ░░░░░░░ | - |
Training of Robert Zak
Experiences
Positions held
Active
Inactive
Listed companies
Private companies
Connections
61
1st degree connections
14
1st degree companies
Male
Female
Members of the board
Executives
Linked companies
| Private companies | 14 |
|---|---|
Merchants Group, Inc.
Merchants Group, Inc. Property/Casualty InsuranceFinance Provides property and casualty insurance services | Finance |
Rand Capital Corp.
 Rand Capital Corp. Investment Trusts/Mutual FundsMiscellaneous Functions as a private equity fund | Miscellaneous |
Merchants Mutual Insurance Co., Inc.
Merchants Mutual Insurance Co., Inc. Property/Casualty InsuranceFinance Provides fire, marine, and casualty insurance services | Finance |
Manning & Napier, Inc.
 Manning & Napier, Inc. Investment ManagersFinance Operates as a wealth advisory firm | Finance |
State University of New York at Buffalo
 State University of New York at Buffalo Other Consumer ServicesConsumer Services Functions as a College/University | Consumer Services |
American European Insurance Co.
 American European Insurance Co. Property/Casualty InsuranceFinance Provides property and casualty insurance services | Finance |
Kaleida Health
 Kaleida Health Hospital/Nursing ManagementHealth Services Manages hospitals | Health Services |
Invest Buffalo Niagara, Inc.
Invest Buffalo Niagara, Inc. Miscellaneous Commercial ServicesCommercial Services Operates as nonprofit privately funded economic development organization, which focuses on job creation | Commercial Services |
United Way of Buffalo & Erie County, Inc.
 United Way of Buffalo & Erie County, Inc. Miscellaneous Commercial ServicesCommercial Services Operates as a social welfare organization | Commercial Services |
Rand Capital Management LLC
Rand Capital Management LLC Investment ManagersFinance Rand Capital invests in lower middle market companies located in the United States with a revenue of more than USD 10 million and an EBITDA of more than USD 1.5 million. The firm focuses on a broad range of sectors and industries. It provides financing in the form of debt and equity such as subordinated debt & promissory notes, convertible notes, equity & membership Interests and equity warrants for buyout transactions. The firm takes a minority position and also makes follow on investments. | Finance |
Merchants Insurance Group
Merchants Insurance Group Investment ManagersFinance Provides investment advice for Insurance Company Portfolio | Finance |
100 Club of Buffalo
100 Club of Buffalo Miscellaneous Commercial ServicesCommercial Services Operates nonpolitical organizations | Commercial Services |
Merchants Mutual Insurance Co., Inc. (Investment Portfolio)
 Merchants Mutual Insurance Co., Inc. (Investment Portfolio) Investment ManagersFinance Profile Unavailable. | Finance |
Great Lakes Health System
Great Lakes Health System Food: Specialty/CandyConsumer Non-Durables The non-profit company is based in Buffalo, NY. Great Lakes Health System is a not-for-profit, community-based corporation that integrates major healthcare entities including Kaleida Health, the University at Buffalo, ECMC, and the Center for Hospice & Palliative Care. The system delivers comprehensive healthcare services such as trauma care, long-term care, ambulatory and community clinics, and at-home nursing care. | Consumer Non-Durables |
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