The New BLACK POWER on Wall Street

摘要

Seven years ago FORTUNE identified a group of rising African-American stars on the Street, many of them allied with investment-banking giants. But today it's the niche players that stand out. Okay, we were wrong. Not in the "Saddam has weapons of mass destruction" kind of way, but we did lay out some expectations that weren't met. Seven years ago FORTUNE identified a new crop of black power brokers on Wall Street. Ambitious, well connected, educated at elite schools, and trained at some of the Street's top firms, these entrepreneurs seemed to represent a shift in African-American power from political circles to financial ones. Not content to stay in the backwaters of municipal finance, where black firms typically dwelled, they charged into the flashier business of investment banking. We featured people like John Utendahl of Uten- dahl Capital Partners and Ron Blaylock of Blaylock & Partners, who forged strategic alliances with major brokerage firms. The group, we wrote, was creating a new vision of what minority-owned firms could accomplish on Wall Street