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

the pass-through mortgage market from an executive position at UBS, where he had worked since 2002. Deutsche Bank is a leading fixed-income trading house, offering financial services in 74 countries. Dixon’s product knowledge and extensive financial experience is a definite asset to the firm’s Global Markets Division. Deutsche entrusts Dixon with the trading and risk management of $25 billion to $30 billion worth of balance sheets in mortgage-backed securities.

Moctar A. Fall. Managing Director & Head of Debt Capital Market for Emerging Markets. JPMorgan Emerging Markets.
New York, NY. Age: 46. Bottom Line: A world-class financier, Fall heads the Capital Markets Group, which is responsible for the origination of debt for issuers in Asia, Latin America, Eastern Europe, the Middle East, and Africa. His group also manages the Emerging Markets Debt Capital team in New York. Notable career moves: Fall headed the team that led the first Deutschmark Global Bond for the World Bank and headed a team that led the $4 billion, 30-year Brady exchange for Venezuela.

Alphonse”Buddy” Fletcher. Chairman & CEO. Fletcher Asset Management Inc. New York, NY. Age: 40. Bottom Line: Fletcher remains a Wall Street mover at the top of his game. Fletcher Asset Management recently inked a $30 million investment agreement with Input/Output Inc., a data imaging and software company. In addition, Fletcher has created megadeals worth $85 million combined with companies such as The Princeton Review Inc. and Helix Energy Solutions Group Inc. One of America’s leading black philanthropists, Fletcher launched a $50 million initiative that includes the Alphonse Fletcher Sr. Fellowship program and an endowed Columbia University Law School professorship.

Amy Ellis-Simon. Head of Multiproduct Sales. Merrill Lynch. New York, NY. Age: 34. “Just knowing that Wall Street exists is a big deal,” says Ellis-Simon, a graduate of the Sponsors for Educational Opportunity (SEO), who credits the organization for getting her banking career started at Merrill in 1993. “I didn’t know that a trading floor existed until I walked up to Merrill’s floor that first day of my internship.” Since then, she has become the first African American woman to be named a managing director in investment banking at Merrill Lynch. This dynamo is part of a hard-driving group that generates millions each year in revenues for large institutional U.S. companies. Her division is a one-stop shop for institutional investors interested in

a spectrum of equity and debt products, including c
onvertible securities, equities, equity derivatives, and fixed income.
In the fast-paced, highly competitive sales and trading world, Ellis-Simon employs the balancing approach to attract clients by providing consistent service and making smart decisions. Her mantra: At the end of the day, you need a strong work ethic, courage, and opinion. “We provide clients with unique solutions and you have to get a prospective client to move swiftly and encourage them to make a decision that they would otherwise not have made without your assistance,” she says with conviction.
A graduate of the University of Michigan with a bachelor’s degree in history, Ellis-Simon returned to Merrill in 1994 as an

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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