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

state of Connecticut for more than $981 million and for more than $3 billion for the Detroit Water Board, including the largest deal ever for Detroit Water — $1.14 billion — issued in August.

Dwight A.L. Skerritt. Director, U.S. Headof Institutional Coverage Credit Suisse First Boston New York, NY Age: 45. Bottom Line: Since the elevation to his current post in 2004, Skerritt has overseen the U.S. asset gathering efforts for Credit Suisse’s Prime Services securities lending business where he and his team have doubled assets under management to $130 billion in the past 12 months. Joining in 1999, Skerritt was part of the original team in New York that was formed to expand Credit Suisse’s third-party securities lending business. Prior to that, Skerritt was the chief operating officer of Lehman Brothers Trust. Co., where he developed a lending base of $20 billion in assets.

Maceo Sloan. Chairman, CEO & Chief Investment Officer NCM Capital Durham, NCAge: 58. Bottom Line: Sloan is the man behind the seventh-largest African American-owned asset management firm, with approximately $2.4 billion in assets under management. NCM’s clients include MARTA Union Employees’ Retirement System, Toyota Motor Sales, and California State Teachers’ Retirement System. Before founding NCM Capital, Sloan worked with North Carolina Mutual Life Insurance Co. and its subsidiary, NCM Life Communications Inc., for 13 years. He currently serves as a Trustee of TIAA-CREF Funds Boards which includes the CREF, TIAA-CREF Mutual Funds, and TIAA-CREF Institutional Mutual Funds.

Eric L. Small. President & CEO SBK-Brooks Investment Corp. Cleveland, OH Age: 52. Bottom Line: Under Small’s stewardship, SBK-Brooks is one of the Midwest’s leading investment banking firms, holding at No. 8 on the BE INVESTMENT BANKS list. The firm is heading toward dominating the Ohio municipal debt marke

t. SBK-Brooks services municipal and corporate iss
ues and executes bond and equity trades for institutional investors including Fannie Mae, Fidelity Investments, and Oppenheimer Funds. Small’s investment prowess has helped sustain his reputation for picking companies that consistently outperform the competition. Within the past five years, he has participated in structuring over 300 municipal and corporate transactions totaling over $34 billion.

Gerald Smith. Chairman & CEO Smith, Graham & Co. Investment Advisors L.P. Houston, TX Age: 56. Bottom Line: Smith has established his company as the go-to investment management firm for value-added partnerships and superior equity investment products. He has propelled the firm to No. 8 on the BE ASSET MANAGERS list with more than $2.4 billion in fixed income and equity assets for 27 institutional clients globally. As one of the nation’s largest minority-owned fixed income investment firms, Smith, Graham specializes in managing portfolio strategies for institutional clients.

Gwendolyn Smith-Iloani. Chairwoman, President & CEO Smith Whiley & Co. Hartford, CT Age: 49. Bottom Line: The 24-year veteran specializes in buyouts, recapitalizations, acquisitions, growth capital private equity, and mezzanine debt investments. Smith-Iloani directs the firm’s investment advisory and asset management business. She has helped bolster the firm to $222 million in capital under management, a portfolio of 25 companies, and several private equity and mezzanine debt funds.

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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