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

products.

Marc James. Managing Director, Global Rates High-Grade Derivative Sales. Wachovia Securities. New York, NY Age: 45. Bottom Line: James has spearheaded several blockbuster deals during his career, including the structuring of the then-largest equity derivative-linked loan for one of the largest holders of Microsoft (a $2.8 billion transaction) and executing the hedging program for the $4.5 billion acquisition of ABC-Capital Cities by Disney. James was also on the team that created Ford Motor Co.’s Global Landmark Securities, the inaugural sale of which was an $8.6 billion debt transaction, th

e largest corporate debt offering ever at the ti
me.

Melissa James. Managing Director, Relationship LendingBusiness, Loan Products Group. Morgan Stanley. New York, NYAge: 41. Bottom Line: James manages the origination of more than $ 30 billion in loan commitments. She is responsible for determining whether or not to extend millions of dollars in capital to clients as well as structuring those transactions. Her international capital markets experience includes a $1.8 billion acquisition for the Port Authority of Singapore. That deal was arranged earlier this year to finance the authority’s $4.4 billion acquisition of a 20% stake in Hutchinson Whampoa’s ports business, Morgan Stanley’s first loan to Singapore. James also completed an intricate debt-for-equity swap in connection with a $4 billion IPO for Agere Systems, the largest U.S. tech IPO in history.

Edward Johnson Jr. COO Advent Capital Management L.L.C. New York, NYAge: 50. Bottom Line: Johnson began his career on Wall Street at Salomon Brothers. He then joined Merrill Lynch, where he served as managing director and global product coordinator for the mortgage and securitized real estate business and went on to become a first vice president in Merrill’s Managed Solutions Group. As COO of ACM, Johnson is involved in all aspects of the business and has been instrumental in helping build up the firm’s convertible and high-yield securities businesses. ACM manages close to $3 billion for several multinational companies, foundations, endowments, and public pension plans.

Terry Jones. Founder/General Partner. SYNCOM Management Co. Inc./ Syncom II, Syncom III, Syncom IV. Silver Spring, MD. Age: 60. Bottom Line: Applying decades of experience and an indomitable entrepreneurial spirit, this financier has helped build a telecommunications and media private-equity giant with capital in excess of $225 million. His efforts have helped facilitate the introduction of cable television to underserved markets. Through his stewardship of SYNCOM, he has provided critical financing for companies such as media powerhouse Radio One Inc. (No. 12 on the BE INDUSTRIAL/SERVICE 100 list with $371 million in sales).

Vernon E. Jordan Jr. Senior Managing Director Lazard Fréres & Co. L.L.C. New York, NY Age: 71. Bottom Line: Since 2000, Jordan has helped Lazard achieve record heights. Annual operating revenues in 2005 increased 22% over 2004, while M&A revenues increased by 40%. Jordan was also a senior executive partner with the law firm Akin, Gump, Strauss, Hauer & Feld L.L.P. from 1982 to 1999, where he remains as senior counsel. The longtime friend of former President Bill Clinton sits on several boards including American Express Co.,

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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