75 Most Powerful Blacks on Wall Street

Whether they're in investment banking, sales and trading, asset management, or private equity, these power players move the financial markets

York, NY. Age: 49. Bottom Line: McGuire joined Citigroup in July 2005 to co-head the firm’s global investment banking business. He oversees billions of dollars and more than 2,000 people — the most of any African American on Wall Street outside of Merrill Lynch CEO Stanley O’Neal. The veteran has spearheaded a number of multibillion-dollar deals, including the $20 billion sale of Nabisco Holdings to Philip Morris and the $21 billion acquisition of wood and paper processor Georgia-Pacific by Koch Industries Inc. McGuire began his career in 1984 at First Boston Corp.

Philip McNeal. Managing Director, Senior Private Banker JPMorgan Private Bank New York, NY. Age: 48. Bottom Line: McNeal recently sealed his position as private banker of choice among America’s wealthiest families when he landed a new private client with a net worth exceeding $700 million. As senior private banker, McNeal delivers wealth management solutions to individuals and families with an average net worth of $100 million. He even boasts a few billionaires among his clients. McNeal joined JPMorgan Private Bank seven years ago, after stints as an investment banker in the company’s Natural Resources and Power Group and the Syndicated Loan Origination business.

Rodney Miller. Managing Director, Mergers & Acquisitions Group, Investment Banking Credit Suisse First Boston New York, NY. Age: 47. Bottom Line: Miller is responsible for the Financial Sponsor Mergers and Acquisitions effort at Credit Suisse. With more than 18 years of experience in financial advisory services, Miller has advised a host of domestic and international clients in a wide variety of areas, including mergers and acquisitions, hostile transactions, and proxy contests. Prior to his current position, he was Credit Suisse’s head of mergers and acquisitions for North America.

Laurence C. Morse. Co-Founder &Managing Partner Fairview CapitalPartners Inc. Farmington, CT Age: 54. Bottom Line: Morse helped spearhead one of the first black private equity firms to create a fund of funds, which focuses on ethnically diverse and underserved markets. As a general partner of Fairview’s 12 managed funds aggregating close to $2 billion, he has participated in the investment of more than 100 venture capital and private equity limited partnerships. The average investment is $10 million with investments from a minimum of $5 million up to $25 million. The financier holds seats on the advisory boards of private equity funds sponsored by SYNCOM, Opportunity Capital Partners, MedVenture Associates, and Ascend Venture Group.

Valerie Mosley. Partner & SVP Wellington ManagementCo. L.L.P. Boston, MA. Age: 46. Bottom Line: Since becoming a partner in December 2005, Mosley has yet to slow down — and with good reason. Mosley continues to manage the firm’s Fixed Income portfolios for corporate and public pension funds, endowments, and mutual funds. Approximately 32% of the $529 billion in Wellington’s assets under management is invested in Fixed Income Portfolios. She and a handful of people establish the strategy for the Core Bond and Corporate Bond strategy groups. She also chairs an industry strategy group.

Colbert G. Narcisse. COO, Global Private Client Group Merrill Lynch New York, NY. Age: 40. Bottom Line:

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  • Debbie Autrey

    I would like a copy of this issue. Please lmk how I can do that75 most powerful men on wall street—2006

    DA

  • Walter Webb

    BLACK WALL STREET HAS EVOLVED FROM ITS RICH HISTORIC BEGINNING IN DURHAM, NORTH CAROLINA, HARLEM, NEW YORK, AND OKLAHOMA. THESE STATES REPRESENT A FEW OF THE MANY WHICH HAS LEAD A NATIONAL MOVEMENT TO PUT AFRICAN AMERICANS CEO’S AND BUSINESS LEADERS TO THE FOREFRONT OF NATIONAL WALL STREET. CEO’S HAVE GONE FROM RUNNING AFRICAN AMERICAN COMPANIES TO MAKING HISTORY AS CEO’S IN NON-BLACK COMPANIES.
    COMPANIES RECOGNIZED IN THE HISTORY OF BLACK WALL STREET IN MENCHANICS&FARMERS BANK/NORTH CAROLINA MUTUAL LIFE INSURANCE (MFBP). COMBINED THESE TWO COMPANIES BROUGHT NATIONAL BLACK LEADER RECOGNIZATION TO NORTH CAROLINA’S DURHAM PARRISH STREET. FURTHER NORTH IN NEW YORK HAS CARVER BANK (CARV) HAS BEEN A PIONEER OF THE FAMED HARLEM RENAISSANCE
    MOVEMENT. THE MEDIA HAS BEEN A MAJOR FORUM OF EXPRESSION TO THE AFRICAN AMERICAN HOUSEHOLD. AND RADIO-ONE (ROIAK) PROGRAMMING OF RADIO AND TELEVISION HAS KEPT MANY BLACK HOUSEHOLDS IN THE CURRENT KNOW.
    REAL ESTATE AND LAND SECURITY WAS A MAJOR CONCERN FOR BLACKS EXPRESSING OWNERSHIP. AND ALONG WITH THE BLESSING OF THE BLACK BANKS HAS LEAD TO AFRICAN AMERICAN REAL ESTATE INVESTMENT FROM COMPANIES LIKE FORMER BLACK ENTERTAINMENT TELEVISION LEAD ROBERT L. JOHNSON. HE FOUNDED THE ROBERT L. JOHNSON HOTELS AND REAL ESTATE FUND (RLJ)WHICH MANY AFRICAN AMERICANS FEEL IS AN EXTENTION OF BLACK PROMISE LAND. INVESTING IN HIS COMPANY ALSO GIVES BLACKS A MINORITY STAKE (WHICH HE OWNS) IN THE NATIONAL BASKETBALL’S CHARLOTTE BOBCAT FRANCHISE.
    OKLAHOMA’S BLACK WALL ” GREENWOOD HAS PRODUCED A RICH HISTORY OF ENTREPRENEURS AND SPOKESPEOPLE LIKE JOHN HOPE FRANKLIN, FAME EDUCATOR AND TEACHER AT NORTH CAROLINA CENTRAL AND DUKE UNIVERSITIES. MR. FRANKLIN HARD WORK AND DECICATION BROUGHT BELOVEMENT AND AS A RESULT A DUKE UNIVERSITY BUILDING WAS NAMED IN HIS HONOR.
    A NEW MOVEMENT HAS USHERED IN A NEW BREED OF BLACKS OF WALL STREET. THESE CEO’S HAVE MADE NATIONAL HISTORY AS LEADERS IN NON-BLACK BLUE CHIP COMPANIES LIKE AMERICAN EXPRESS (AXP) KENNETH CHENAULT. HIS LEADERSHIP GOES BACK TO THE NINETEEN HUNDREDS AS A LEADER IN THE WORLD OF GLOBAL CHIEF EXECUTIVE OFFICERS. AND MAKING HISTORY ALONG WITH HIM IN TWO THOUSAND IS XEROX’S (XRX) FIRST AFRICAN AMERICAN CEO URSULA BURNS. MS. BURNS AND CATHAY HUGHES FROM RADION ONE HAVE PUT AFRICAN AMERICAN FEMALES TO THE FOREFRONT OF THE NEW YORK STOCK EXCHANGE-EURONEXT (NYX) WALL STREET. OTHERS INCLUDE RICHARD PARSON’S OF CITIGROUP (C). MR. PARSON COMPANY HAS BEEN A GLOBAL PLAYER IN THE WORLD OF FINANCE. AND HAS BEEN RESPONSIBLE FOR SUPPORT HISTORICALLY BLACK COLLEGES AND UNIVERSITIES WITH STUDENT LOANS. BRINGING COMPETION FROM AFRICAN AMERICAN CEO STANLEY O’NEAL OF MERRIL LYNCH (BAC).
    WE CAN LOOK FORWARD TO THESE AFRICAN AMERICANS AND INCREASINGLY MORE BECOMING A PART OF THE OLD AND NEW BREEDS OF WALL STREET.

    FREELANCE WRITER
    DURHAM, NC