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

co-managing a $1 billion bond deal for the Citizens of Louisiana Self Insurance Fund, the proceeds of which were used to replenish existing reserves and pay claims for Hurricane Katrina victims. The deal was the first post-Katrina financing. Reynolds has also been involved in a $300 million debt offering for DaimlerChrysler.

John B. Rhea. Managing Director & Co-Head of Global Consumer and Retail Investment Banking Lehman Brothers Holdings Inc.
New York, NYAge: 41. Bottom Line: Rhea oversees Lehman’s investment banking group. Notable recent transactions for the global consumer retail group include the $3.5 billion Reynolds American Inc. acquisition of Conwood, one of the nation’s largest manufacturers of smokeless tobacco products. Lehman also participated in the $17.4 billion acquisition of Albertson’s Inc. by SUPERVALU, CVS, and an investment group led by Cerberus Capital Management L.P. Prior to Lehman, Rhea worked at JPMorgan Chase & Co. where he served as a managing director and co-head of the North American Consumer Group.

J. Donald Rice Jr. President Rice Financial Products Co. New York, NY Age: 47. Bottom Line: Rice’s firm is one of the oldest municipal derivative shops in the business, specializing in developing and executing traditional bond and derivatives-based transactions for state and local governments. The industry innovator is responsible for several financing coups, including interest rate swaps with Miami-Dade, which have saved the Florida county more than $50 million, and the first swap executed by the City of Houston. His total transactions represent more than $40 billion.

John W. Rogers. Founder, Chairman, CEO& Chief Investment Officer Ariel Capital Management Chicago, IL Age: 48. Bottom Line: Rogers founded the country’s first African American-owned money management firm in 1983. Today, Ariel has over $19 billion in assets under management. The firm manages accounts for institutional clients and serves individual investors and 401(k) plans through the Ariel Mutual Funds. In addition to being chairman and CEO, Rogers manages the firm’s small and mid-cap portfolios as well as the Ariel Fund and Ariel Appreciation Fund. Roger’s financial dexterity as a stock picker has proven that patience wins over flash. Ariel Fund ranks as one of the top performers in the mutual fund industry with a 13.6% 10-year annual total return.

Derek E. N. Saleeby. Executive Managing Director & Chief Investment Officer RLJ Select Investments L.L.C. Bethesda, MD Age: 41. Bottom Line: Saleeby was handpicked by BET founder Robert Johnson as a major player on RLJ’s hedge fund of funds. Created jointly with Deutsche Bank’s asset management division, RLJ seeks to build a world class, black-owned and -controlled hedge fund of funds. Saleeby worked previously for Citibank, Smith Barney, and PaineWebber in investment banking and capital markets. Saleeby is poised to drive fund value and company revenues.

Suzanne Shank. President, CEO & Co-Founder Siebert Brandford Shank & Co. L.L.C. Oakland, CA. Age: 44. Bottom Line: A municipal finance specialist, Shank has been lead financier on projects for issuers across the country including the state of Connecticut and cities such as Detroit, Chicago, and New York. She has overseen transactions for the

Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19
ACROSS THE WEB
  • 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