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

institutional capital under management, with partners HM Capital in 1998. He leads its strategic direction, investment strategy, and fundraising. Ware is also actively involved in originating, structuring, and monitoring investments. In addition to his private equity/leveraged buyout experience, Ware has served more than 10 years as either the chief executive officer or chief operating officer of two $1 billion municipalities. Previously, Ware served as city manager of the City of Dallas and initiated several ventures that created more than $7 billion in public and private business partnerships. Under his leadership, Dallas was cited by Financial World as one of the best-managed U.S. cities.

Lewis Warren Jr. Managing Director, Deputy Head of Global Investment Banking Banc of America Securities L.L.C. New York, NY. Age: 43. Bottom Line: Warren, working with the head of global investment banking, is charged with ensuring that Bank of America’s investment banking arm, part of the company’s $21 billion Global Corporate and Investment Banking division, provides a comprehensive array of products and services to U.S. and global corporate clients. He helps the Global Investment Banking group continue to show strong gains in capital raising and mergers and acquisitions.

Darryl E. Wash. Managing Partner Ascend Venture Group L.L.C. New York, NY. Age: 40. Bottom Line: Wash is a principal force behind Ascend, which manages more than $150 million through various partnerships. Ascend focuses on young companies and has supported numerous minority-owned entrepreneurs. Typical investments range from $2 million to $8 million. Since its beginnings, Ascend has invested in more than 30 companies in the applied technology and for-profit education industries. Investments include StarMedia Network, Snap Appliance, and Tabula Digita.

Thurman V. White Jr. CEO Progress Investment Management Co. L.L.C. San Francisco, CA. Age: 55. Bottom Line: White has led the firm’s fund of funds investment strategies in public markets and private equity, both of which focus on niche, first-time, and minority- and women-controlled venture capital and buyout funds as well as emerging investment management firms. Progress manages more than $5.5 billion in assets in public equities and fixed income securities as well as private equity partnerships. White recently led the firm’s management buyback, making Progress once again a minority-owned business enterprise.

Raymond A. Whiteman. Managing Director& Co-Head of Distressed Investing The Carlyle Group Washington, DC. Age: 46. Bottom Line: Whiteman is involved in Carlyle’s distressed investment fund. For more than a decade, Carlyle has been a leading private equity investor in the aerospace and defense industries. The group has completed 23 transactions representing a total purchase price of more than $7.4 billion. Whiteman was a founding principal of the Carlyle Management Group from 2000 to 2003. He previously served as a principal in Carlyle’s U.S. Buyout group.

Herb P. Wilkins Sr. Founder/Managing General Partner SYNCOM Management Co. Inc./Syncom II, Syncom III, Syncom IV Silver Spring, MD. Age: 62. Bottom Line: As founder of Syncom (No. 6 on the BE PRIVATE EQUITY FIRMS list with $200 million in capital under management), he has built a company that specializes in providing early-stage growth capital

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