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

analyst trainee, after completing school. Having come through programs such as SEO, which is the nation’s premier summer internship program for gifted students of color, she is a strong advocate of giving back to the community. In fact, Ellis-Simon and her two younger sisters founded the Three Sisters Scholarship Foundation, an organization that provides assistance to college-bound African American students in Evanston, Illinois, and Montclair, New Jersey.
With hectic schedules at work and at home, Ellis-Simon, a mother of two, says that her family helps put things in perspective. “They are a great stress reliever and whatever issues you may have brought home, they can help evaporate rather quickly.”
– Hyacinth B. Carbon

Eugene Flood Jr. President & CEO. Smith Breeden Associates. Chapel Hill, NC. Age: 50. Bottom Line: After six years on Smith Breeden’s board, the former Morgan Stanley trader became its CEO in 2000. With assets around $27 billion, Smith Breeden upholds its reputation as a top-notch investment management firm that specializes in managing high-quality, fixed-income portfolios for public and private pension funds, central banks, and insurance companies around the world. About 20% of the company’s revenues are derived from institutional clients in Asia. Flood travels to the region four to six times a year. Since 2004, the firm has incorporated innovative strategies for clients seeking higher risks and profits.

Vicki L. Fuller. SVP, Director — Public Funds. AllianceBernstein Institutional Investments. New York, NY. Age: 49. Bottom Line: Twenty years with Alliance gives Fuller more than the upper hand. As the firm’s new director of public funds, she is part of a team that oversees business development and client retention for Alliance’s $95 billion public funds business, which includes city and state entities. A senior member of the institutional investment team, Fuller advises public entities on domestic and international equities and fixed income.

Gregg Gonsalves. Partner & Managing Director, Industrial Group. Goldman Sachs & Co. New York, NY Age: 38. Bottom Line: Several high-profile mergers and acquisitions helped launch Gonsalves into a partnership position at Wall Street powerhouse Goldman Sachs in 2004. He has continued to impress with his prowess at structuring billion-dollar transactions in the high-stakes arenas of aerospace, defense, and technology. Most recently, he advised Boeing on the $1 billion sale of its Wichita parts manufacturing facility (Spirit AeroSystems) to Onex Corp. Gonsalves has been involved in mergers and acquisitions activity in industries ranging from automobile manufacturing to paper and forest products.

Ernest Green. Managing Directorof Public Finance. Lehman Brothers. Washington, DCAge: 65. Bottom Line: Since joining the firm in 1987, Green has consistently taken on positions of increasing responsibility. He has served as senior investment banker on transactions for key clients such as the City of New York, City of Atlanta, State of Connecticut, and Metropolitan Washington Airports Authority. Current clients include the cities of Denver; Oakland, California; and Chicago. In honor of Green and his legacy, not only within Lehman Brothers but also the civil rights movement (he was one of the historic Little Rock Nine), the firm awards eight

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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