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

Xerox Corp., and Howard University. He also serves on the international advisory board of Barrick Gold Corp.

William H. Hayden. Senior Managing Director. Bear, Stearns & Co. Inc. New York, NY. Age: 65. “I’m a Yankees fan,” says Hayden, with a heavy Boston accent that would suggest an affinity for the Bronx Bombers’ archrivals. “Because when I grew up in Boston, we were Brooklyn Dodger fans and the Red Sox had no blacks and no Hispanics and the black kids had nobody to root for.”
Hayden, who grew up about an hour outside of Boston in New Bedford, Massachusetts, has long been an advocate for diversity. Starting out on Wall Street in the early 1970s, there were virtually no other African Americans in investment banking. But a combination of smarts and know-how helped him rise up the ranks. While he secured loads of business because of his acumen, he also got a little help here and there. In 1977, he was named senior banker of a $305 million offering used to finance construction of what is now Hartsfield/Jackson Airport in Atlanta after then-mayor Maynard Jackson insisted that black bankers be part of the city’s bond offerings.
At 65, he’s long been a mainstay on Wall Street. After all, he’s helped fund billions of dollars in construction projects over his 30-plus year career. As senior managing director for Bear, Stearns & Co., Hayden oversees and develops ways of financing large government projects. His career highlights include developing financing strategies to construct the U.S. Open Stadium in New York and the Atlanta Hawks’ arena for Time Warner-Turner Broadcasting.
While those were high-profile transactions, it’s not as well known that the 1962 graduate of the University of Massachusetts Dartmouth is an avid African art collector. “I arrived here in New York almost 30 years ago. A friend, Eric Robertson, quit being a lawyer and went to Africa and brought back some art that I bought from him,” Hayden recalls. “And over the years he became one of the most well-known black African art dealers in the world.”
Hayden is no slouch in the art world either. In fact, he’s had his works displayed in museums such as the Metropolitan Museum of Art and the Guggenheim. When he auctioned off roughly half of his 70 pieces, it was the first time an African American’s art collection was sold at the prestigious Sotheby’s. Much of his collection hails from the Yoruba people of West Africa. — Alan Hughes

William E. Kennard. Managing Director The Carlyle Group Washington, DC. Age: 49. Bottom Line: Carlyle is the largest and one of the most successful private equity firms in the world. Kennard, the former chairman of the U.S. Federal Communications Commission has helped orchestrate multibillion dollar transactions involving Dex Media Inc., one of the nation’s leading phone directory publishers; Casema Holdings BV, one of the Netherlands’ leading cable operators; and Insight Communications, America’s ninth-largest cable company. He was also instrumental in Carlyle closing on the $1.5 billion deal to acquire Hawaiian Telcom in 2005.

William

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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