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WallStreet 50. Part 3
The importance of philanthropy is one of the striking features of
business life in the U.S. It is almost expected for wealthy business people
to devote large amounts of time and money to good causes.
“For me, it is a very important part of who I am,” says Bob McCann.
“It is not just, or even mainly, altruism that leads some people to get
involved. . . . I did it for the most commercial – and most New York – of
all reasons. Then the oddest thing happened. I started to care.”
- David Wighton, Financial Times, 5/4/05
The Irish have long had a place on Wall Street. In 1868, John J. Kiernan
published a financial news-sheet. He stayed ahead of the game by rowing
out to the ships in New York Harbor and collecting the latest news from
London and Europe.
Brooklyn-born, the son of Irish immigrants, Kiernan will be remembered
for hiring Wall Street Journal founders, Charles Henry Dow and William David
Jones, as early leg-men for his growing financial news bureau.
His former office is now the site of the New York Stock Exchange.
Back in the 1860s, the area around Wall Street was teeming with Irish
immigrants. Fleeing hunger and persecution in Ireland, they could hardly
have foreseen the great heights to which the Irish would climb in the U.S.
Today, the Irish are involved in every aspect of American life. But even
as they assimilate and move up the ladder they still take pride in their
Irish heritage.
And while our Wall Street 50 list shows the extraordinary influence of
the Irish in the financial sector, what really makes our Wall Street 50
unique is the number of people on the list who are involved in community
building and charitable organizations. This empathy for others and desire
to “pay if forward” is something that those immigrants of old would be most
proud of.
- Editor Patricia Harty
 
Many of our Top 50 trace their ancestry to at least two counties.
21 of Ireland’s 32 counties represented.
 William
R. Kennedy
Citigroup
As the managing director of Smith Barney’s global equity research division,
William Kennedy services institutional and individual investors with industry
leading stock research. Kennedy is a member of the Citigroup management
committee and the Smith Barney planning group. He is also a Chartered Financial
Analyst charter holder and a member of the CFA Institute and the New York
Society of Security Analysts.
Prior to assuming his current position, Kennedy was the co-head of equity
research for Nikko Citigroup, based in Tokyo, Japan. He joined Salomon Brothers
(a Citigroup predecessor firm) in 1996 as a member of the Japan equity sales
desk based in New York. Before joining Citigroup, Kennedy worked as a buy
side analyst for TIAA-CREF and DuPont Pension Fund, where he analyzed Japanese
and Asian stocks and capital markets.
Mr. Kennedy received his BS in Economics and his MBA from Texas Christian
University. He is fourth-generation Irish American, with roots in Monaghan.
He has three children.
 Thomas
J. Kenny
Goldman Sachs
When Thomas Kenny joined Goldman Sachs in 1999 as head of the Municipal
Bond Portfolio Management Team, he was expecting to be in New York for a
mere 18 months. Six years later, Kenny, a native of California, is now a
managing director and co-head of Goldman Sachs Asset Management’s Global
Cash and Fixed Income Portfolio and will likely be here for some time. In
his current role, his team is responsible for managing assets in excess
of $200 billion across multiple strategies with teams in London, Tokyo and
New York. Kenny received a bachelor’s degree in business economics from
the University of California, Santa Barbara and an M.S. in finance from
Golden Gate University, San Francisco. Prior to moving to Goldman Sachs,
he spent 13 years at Franklin Templeton Group of Funds.
Kenny and his wife Susan live in Manhattan and he is active in two organizations
close to his heart, World Team Sports and Shake-a-Leg, both groups dedicated
to helping people with disabilities. Kenny can definitely relate as he was
paralyzed from the waist down while still in college. Kenny’s roots are
in county Galway. His father’s family is from Balinasloe and his mother’s
is from Glenamaddy.
 Donald
Keough
Allen & Co.
Following his retirement as president, COO and director of the Coca-Cola
Company in 1993, Donald Keough became chairman of the board of Allen & Company
Incorporated, a New York investment-banking firm. This year, Coca-Cola re-elected
him to the post of director, making a change in their retirement policy.
Keough has been a crucial member of the company since 1950.
Keough also serves on the boards of IAC/InterActive Corp., Global Yankee
Holdings, Convera Corporation, and Berkshire Hathaway, Inc.
He has received various honors in his career, including honorary doctorates
from the University of Notre Dame, his alma mater Creighton University,
Emory University, Trinity College, Dublin, Ireland and Clarke University.
The University of Notre Dame’s highest honor, the Laetare Medal, was presented
to Keough in 1993. He was elected a Fellow of the American Academy of Art
& Sciences in 2002 and was inducted into the Junior Achievement National
Business Hall of Fame in 2003.
 Richard
F. Mahoney
The Bank of New York
As executive vice president and head of global markets, Richard Mahoney
is responsible for overseeing trading and sales in foreign exchanges and
multicurrency interest rates, along with other duties such as currency overlay,
e-commerce, and research. He began his career at The Bank of New York in
April of 1993, having previously worked at Citibank, where he was Managing
Director of foreign exchanges in North America. Mahoney has over 30 years
of experience in international financial markets and sits on the Committee
of the Federal Reserve Bank of New York.
Mahoney received a BS in business administration from Villanova University
and an MBA from New York University. He works for a variety of charities
in New York, including the Alexis de Tocqueville Society of the United Way
of NYC and the Cardinal’s Committee for Charity in the Archdiocese of New
York. He also keeps strong connections in Ireland. He has family on his
father’s side in Cork, and he is a member of Glandore Harbor Yacht Club
in West Cork. He has been married for 30 years to Debbie, and they have
four sons.
 Robert
J. McCann
Merrill Lynch
Robert J. McCann, our keynote speaker at the Wall Street 50 lunch, is
vice chairman and president of Merrill Lynch & Co., Inc.’s Global Private
Client Group, which provides investment, insurance, banking, and retirement
services for individuals globally. He is also a member of the firm’s Executive
Management and Operating Committees.
Previously, McCann served as head of Global Securities Research and Economics
and chief operating officer of the Global Markets & Investment Banking group.
He also led the
firm’s Global Institutional Client Division, where he was responsible
for all debt and equity institutional relationships world wide. Prior to
these roles, he served in various senior management roles in the equity
business at the firm including head of Global Equity Markets.
McCann sits on the executive committee of the Board of Directors for
the The American Ireland Fund. His family roots are in county Armagh.
 Hugh
E. McGee III
Lehman Brothers
Hugh McGee, III is a prime example of a hard-working employee moving
up within the ranks of a company. He joined Lehman Brothers in 1993, specializing
in energy investment banking, which he has focused on for more than 18 years.
Prior to his current position as global head of the Investment Banking Division,
he was head of Lehman Brothers Global Natural Resources and Power Investment
Banking Groups, and a member of the Operating Committee of Investment Banking.
McGee also serves on the Executive and Management Committees and is chairman
of the Global Investment Banking Executive Committee.
McGee graduated summa cum laude from Princeton University with a BS in
Systems Engineering, and earned a JD with honors from the University of
Texas School of Law. He also received the Phi Beta Kappa of Houston Outstanding
Alumnus Award.
A fourth-generation Irish American with roots in county Cork, McGee is
married, with three children.
 James
McGinnis
AIG
This year, James McGinnis retired from Morgan Stanley to become the managing
director of transactions and structuring at AIG. McGinnis has specialized
in the
energy sector since 1990. He led advisory teams at Morgan Stanley, using
his knowledge for capital raising and strategic initiatives for integrated
utilities, pipeline operators, merchant generators, and IPP’s. Additionally,
he assisted financial groups analyzing investments in these areas and was
a key part of many large investment deals. On the international front, he
was an advisor on the government of South Australia’s electric supply industry
and privatization. He has also been busy in the Southeast Asian energy sector.
He lived in Singapore and Australia from 1996-1999, helping direct the firm’s
energy investment banking practices in those regions.
McGinis was educated at Harvard, doing his undergraduate work in Government,
and receiving his MBA from Harvard Business School. He is a sixth-generation
Irish-American whose family goes back to Derry. He is married with two children.
 Francis
A. McGrail
UBS Wealth Management
Senior vice president, Francis McGrail has been with UBS Wealth Management
for 23 years. McGrail operates out of Manhattan and heads up 80 employees
while managing $5 billion in assets. A member of the UBS Director’s Council,
McGrail spent 13 years building businesses with private clients, driving
investment product marketing in the Northeast, and working in private placements
and investment banking in Houston, Texas, prior to joining UBS. Previous
to his current position at UBS he held the posts of district regional director
in the North Atlantic.
Born in Neptune, New Jersey, McGrail is a second-generation Irish-American
who traces his roots on his father’s side to county Leitrim. He is a graduate
of St. Peter’s College where he obtained a bachelor’s degree in political
science.
Married with three children, McGrail is a member of the board at the
Juvenile Diabetes Research Foundation. He has participated in the Carr Golf
World Invitation father and son golf tournament in Waterville, Ireland,
and explains his personal and professional drive by saying, “Whatever we
vividly imagine, ardently desire, sincerely believe, and enthusiastically
act upon must inevitably come to pass.”
 W.
Patrick McMullan III
Bear Stearns & Co.
As the senior managing director and co-head of the Worldwide Health Care
Group at Bear Stearns, Patrick McMullan is responsibile for all the financial
aspects of healthcare providers, such as mergers and acquisitions, IPO’s,
and restructuring and leveraged buyouts.
McMullan has been in the investment banking business for almost 30 years,
since beginning his career with Lehman Brothers in 1976. In 1985, McMullan
founded the Health Care Group at Donaldson, Lufkin & Jenrette. When Credit
Suisse First Boston acquired DLJ, McMullan became the co-head of its Global
Health Care division. In 2003, he joined Bear Stearns.
McMullan lives in the Park Slope area of Brooklyn, and serves on the
board of Project Reach Youth, a Brooklyn community service organization.
He is also on the board of the Lar Lubovitch Dance Company.
McMullan, who received his BA from Vanderbilt in 1974, and his MBA from
Wharton in 1976, has been married to Rachel McPherson for 22 years. They
have two children, Pace and Isabel. His Irish roots go back four generations
to counties Cork and Waterford.
 Deborah
Doyle McWhinney
Schwab International
As president of Schwab International, Deborah Doyle McWhinney proves
her capable leadership on a daily basis. Under her guidance, one thousand
people support five thousand advisory firms that have 1.3 million individual
clients, with $350 billion in assets at Schwab Institutional.
McWhinney is responsible for building innovative products for this fast
growing segment of the market. Along with these duties, she also is on the
Executive Policy and Executive Committee, and on the board of Charles Schwab
Bank, N.A. She has been at Charles Schwab since 2001.
Prior to Schwab, McWhinney was an executive vice president at Visa and
served as a group president for Engage Media Services.
McWhinney received her bachelor of arts degree from the University of
Montana, and is also a graduate of the Pacific Banking School.
The proud mother of two daughters, 20-year-old Megan and 16-year-old
Aidan, McWhinney’s Irish roots go far back; she is fifth-generation. On
her father’s side, the family can trace their Irish ancestors to County
Wexford.
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