Harold E. Doley, Jr., Only African American with Seat on New York Stock Exchange, Celebrates 30 Years in Closing Bell Ceremony.To download high-resolution, print-ready JPEG JPEG in full Joint Photographic Experts Group Standard computer file format for storing graphic images in a compressed form for general use. JPEG images are compressed using a mathematical algorithm. images, click on the thumbnail image above. WARNING: these images are very large (800K+) Click here for caption Business Editors NOTE: Multimedia assets available A photo is available at URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businesswire.com/cgi-bin/photo.cgi?pw.090403/bb6 NEW YORK--(BUSINESS WIRE)--Sept. 4, 2003 Harold E. Doley, Jr., founder, president and chief executive officer of Doley Securities Inc., the oldest African American-owned investment-banking firm in the nation, celebrated 30 years as a member of the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. by ringing the Closing Bell at the NYSE NYSE See: New York Stock Exchange Wednesday evening. On September 3, 1973, at the age of 26, Doley purchased an individual seat on the NYSE. Doley, a native of New Orleans, is currently the only African-American owner of a seat on the NYSE. He initially operated his membership as a floor broker, executing orders for other members and member firms. Doley began his professional career in investment banking in 1968. Before embarking on his career at the NYSE, he served as vice president with a major Wall Street firm servicing institutional accounts of banks, insurance companies, and universities with portfolios totaling more than $500 million. Industry peers honored Doley as an Outstanding Broker of the Year in 1971 while The Dow Jones Wall Street Journal also selected him as Stock Picker of the Year in 1990. In 1982, he was appointed the first director of the Minerals Management Service (MMS (Multimedia Messaging Service) An enhanced transmission service that enables graphics, video clips and sound files to be transmitted via cellphones. Developed as part of the 3GPP project, MMS phones are generally backward compatible with SMS and EMS. ) at the U.S. Department of Interior. His previous experience resulted from a 1980 gubernatorial appointment to the Louisiana State Mineral Board. While serving as United States Representative to the African Development Bank (AfDB) from 1983 to 1985, Doley was accorded ambassadorial rank. The AfDB, headquartered in Abidjan, Ivory Coast, is a development finance institution owned by the governments of 50 African and 25 non-African countries, with 800 employees, and assets of $50 billion. Ambassador Doley worked with African Heads of State and Ministers involved with commerce and international trade and development. Ambassador Doley has an extensive track record of community and public service, primarily focusing on education. He has been an appointee APPOINTEE. A person who is appointed or selected for a particular purpose; as the appointee under a power, is the person who is to receive the benefit of the trust or power. in five Republican administrations, most recently appointed by President George W. Bush to the President's Board of Advisors Commission on Historically Black Colleges and Universities Historically black colleges and universities (HBCUs) are institutions of higher education in the United States that were established before 1964 with the intention of serving the African American community. They are often liberal arts colleges or universities. . From 1970 to 1977, Doley was an instructor at Southern University in New Orleans, teaching courses in economics, business structure, or money and banking. Ambassador Doley is a member of the Council on Foreign Relations The Council on Foreign Relations (CFR) is an influential and independent, nonpartisan foreign policy membership organization founded in 1921 and based at 58 East 68th Street (corner Park Avenue) in New York City, with an additional office in Washington, D.C. . About Doley Securities Inc. New Orleans-based Doley Securities Inc. specializes in providing investment products and services to institutional clients. As lead investment banker Investment Banker A person representing a financial institution that is in the business of raising capital for corporations and municipalities. Notes: An investment banker may not accept deposits or make commercial loans. for Doley Securities Inc., Doley guides the firm's participation in tens of billions of dollars in transactions annually involving federal agencies, state and local governments, international entities, and corporate and institutional clients. Note to Editor: Photos Available Upon Request. A photo is available at URL: http://www.businesswire.com/cgi-bin/photo.cgi?pw.090403/bb6 |
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