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Black Wealth Watch: Firms Merge To Become A Powerhouse In Investment Banking

Suzanne Shank and Christopher J. Williams will combine forces to create the most dominant black-owned investment bank in the country and become a stronger competitor to majority Wall Street firms. The two black investment banks, Siebert Cisneros Shank & Co., L.L.C. and The Williams Capital Grou,p L.P. will merge to "leverage each firm's experience and strong industry position in corporate and municipal underwriting, and debt and equity sales & trading," according to a statement. 

Suzanne Shank will serve as president and chief executive officer while Christopher Williams will assume the role of chairman of its board of directors. For more than 20 years, the two firms have been BE 100s giants—consistent top performers on Black Enterprise's rankings of investment banks. Both received Financial Services Company of the Year honors. Shank and Williams, respectively, have also been listed among BE's Most Powerful Blacks on Wall Street.


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