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

$10,000 HBCU scholarships annually bearing his name.

James F. Haddon. Managing Director, Infrastructure Finance GroupMunicipal Securities. Citigroup. New York, NYAge: 52. Bottom Line: During his 25-year tenure in the municipal finance industry at Citigroup and PaineWebber (now known as UBS), Haddon has served as senior book running manager for various municipal issues totaling in excess of $40 billion. He has been instrumental in structuring project financing to provide funds for convention centers, stadiums, transportation projects, and general municipal projects throughout the cities of New York; Detroit; Washington, D.C.; and more. Notable accomplishments include the $709 million tobacco securitization for New York City and the $515 million securitization of rum tax revenues for the U.S. Virgin Islands.

Carla Harris. Managing Director,Global Capital Markets. Morgan Stanley. New York, NY Age: 43. Bottom Line: As head of Morgan Stanley’s equity private placement and global capital markets, Harris is responsible for the structuring, marketing, and execution of public and private equity financing transactions. Harris is noted for executing initial public offerings for UPS and Martha Stewart Living Omnimedia as well as the $3.2 billion common stock transaction for Immunex Corp., reportedly one of the largest biotechnology offerings in U.S. history. She has served major corporations in a wide array of sectors.

Mellody Hobson. Ariel Capital Management L.L.C. Chicago, IL Age: 37. Bottom Line: This high achiever serves as president of one of the nation’s largest African American money management firms, with more than $19 billion in assets under management. As the head of its day-to-day operations, Hobson has helped solidify Ariel’s position in the investment community. She has testified before Congress to defend mutual funds, challenging New York Attorney General Eliot Spitzer’s criticism of the industry. Hobson is also the face of Ariel, appearing as a regular contributor on ABC’s Good Morning America, offering financial advice to millions of viewers.

Louis A. Holland. Managing Partner & Chief Investment Officer. Holland Capital Management. Chicago, IL Age: 64. Bottom Line: Holland and his collective team of money managers are primed to take the 100% employee-owned firm from managing $2.4 billion in assets to a goal of $10 billion by 2010. Holland also serves as investment adviser for the Lou Holland Growth Fund, a NYSE-traded mutual fund. Although short-term performance has been a bit challenging for the large-cap growth equity fund, it continues to outperform such industry benchmarks as the Russell 1000 Growth Index over five- and 10-year periods. After 37 years in the business, Holland still strives to be the best of the breed.

Ronald Holt. President & Directorof Research. Hansberger Global Investors Inc. Fort Lauderdale, FL o Age: 38. Bottom Line: Holt works with a team that manages $4 billion of Hansberger’s $8.1 billion in assets under management. The globetrotter has traveled to an array of countries on six of the seven continents to research new stock ideas and business ventures as well as meet with government officials. Holt also oversees the management of the investment, research, and marketing activities for Hansberger Global Investors Inc.’s growth and value fund

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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