No. 35: Travers Bell, The Father of Black Investment Banking

Follow the Black Enterprise 40th Anniversary countdown of the most impactful black business leaders of the past 40 years

The late Travers J. Bell Jr. co-founded investment bank Daniels & Bell, which in 1971 became the first black-owned investment bank on the New York Stock Exchange. In addition, Bell structured the first leveraged buyout completed by an African American when his DanBell subsidiary acquired Cocoline Chocolate, which was included among the nation’s largest black-owned companies.

In celebration of our 40th anniversary, Black Enterprise is taking a look both forward and backward at the world of black business. Our list of 40 “Titans: The Most Powerful African Americans in Business–and How They Shaped Our World” recognizes and pays homage to the entrepreneurs and business men and women who paved the way for all of us.  Follow our countdown of the most important black business leaders of the four decades since Black Enterprise Magazine was founded in August 1970.

These are the men and women who fought the odds, suffered setbacks, regrouped, and eventually emerged victorious. Whether they conducted business from their own offices or the executive suite, their professional excellence, deal-making prowess, and unwavering advocacy converted promise into channels of prosperity and levers of power. These are the pioneers who withstood the elements—institutional racism, resistance from the business establishment, and lack of resources—to plant a flag on their own patch of territory.

These are the titans: bold leaders who shattered conventional modes of commerce. Because of their contributions over the past 40 years, the world of business has been transformed forever.

Be sure to pick up the commemorative 40th anniversary August 2010 issue of Black Enterprise, which contains the entire Titans list.

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  • Bill

    To whomever;

    I am an entrepreneur who started a business that develops LTC (long term care)solutions for that industry. I developed the compay WinCare on a shoe string due to lack of adequate capital available in this area (Medford, Oregon)and I am still looking for investment capital. I am the only “black” vendor in this arena. Apparently the reason for the local banks to turn me down is due to inadequate collateral. I am looking for investment help to become one of the largest players in this arena. I have searched everywhere else. Is there anyone out there that is willing to provide assistant. I have an Executive Summary and a Business Plan.

    Thank you,

    Bill Inge