Another such entrepreneur, Christopher Williams, CEO of Williams Capital Group L.P. (No. 4 in taxable securities with $1.6 billion in lead issues on the BE Investment Banks list), turned acquisitive. The firm acquired the institutional assets of Nutmeg Securities L.L.C., a Westport, Connecticut-based broker dealer, as well as part of Utendahl Capital Partners, a former BE 100s firm.
Now these players continue to find new, inventive ways to win and profit in a challenging environment marked by a European debt crisis, the downgrading of the U.S. credit rating, a sluggish economy, and unpredictable markets. Due to the sweeping changes within this often volatile industry that remains a critical part of the U.S. economy, Black Enterprise decided to take another look at the African Americans at the forefront, highlighting those who continue to make deals that will shape the course of the world.
The editors of Black Enterprise spent the past several months developing this roster of “The 75 Most Powerful Blacks on Wall Street.” In conducting the research, our team pored over reams of industry data; consulted with leading trade organizations including the National Association of Securities Professionals, the National Association of Investment Cos., and the Executive Leadership Council; and interviewed scores of leading executives and entrepreneurs in the financial services sector. The men and women on our list met the following criteria:
• Those chosen are investment bankers, traders, asset managers, venture capitalists, private equity financiers, or top executives at financial services firms and have management responsibilities over these areas.
• They have achieved the status of chief executive, president, partner, chief investment officer, managing director, or other top-ranking positions at their firms, and have significant management duties.
• They demonstrate significant influence within their company and throughout the financial services industry.
• Entrepreneurs who own their own firms must operate investment banks that have managed more than $10 billion in total issues; asset management firms with at least $2 billion under management; private equity firms with at least $90 million in capital under management; or perform at a leading firm that engages in unique or complex transactions.
• Candidates must work for a U.S.-based company and have at least 10 years of experience in the financial services industry.
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