David russell morgan stanley biography african american

Saying there’s been a bit of change in the world of finance since Black Enterprise last unveiled its list of 75 Most Powerful Blacks on Wall Street back in 2006 is about as huge an understatement as saying the financial markets have had a few bumps over the past half decade.

Since then, a sub-prime mortgage crisis nearly wrecked the world economy, leading to U.S. government bailouts for financial institutions, insurance companies, and the auto industry.

Morgan Stanley's global head of prime brokerage, Ed Keller, is leaving his role, the bank said in a memo to staff.

Many global financial institutions were devastated

However, there has been some upside for African Americans on Wall Street since then. Those who remained with the global giants of the industry have demonstrated their expertise by leading them back to profitability.

For some of the boutique firms that comprise the BE 100s  (the BE 100s is Black Enterprise‘s annual list of the nation’s largest black businesses) financial service