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WallStreet 50. Part 5
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.
 Raymond
A. Redlingshafer, Jr.
New York Mortgage Trust
As a long-time veteran in the trading industry, Raymond Redlingshafer
has worked his way to his current position as president and chief investment
officer of New York Mortgage Trust. Before joining the firm, he was the
managing director of Pedastal Capital, an Internet-based trading platform
used mainly by institutional investors and dealers to trade mortage-backed
securities. Other companies that Redlingshafer has worked with include Salomon
Smith Barney, Freddie Mac, and UBS.
A proud second-generation Irish-American who holds duel American and
Irish citizenship, Redlingshafer is a member of The American Ireland Fund,
the O’Byrne Clan, the Grandaddy Ryan and McGilley Clan. He says, “Many times
I remind myself that a law degree, an MBA, and a career on Wall Street is
a walk in the park compared to famine, hunger, a boat trip, and three jobs
to keep a new immigrant family housed and fed in a place called America.
It is for that generation of survivors and sacrifices I give thanks most
often.”
Redlingshafer received his bachelor’s, MBA, and JD degrees all from Creighton
University. He is married with four children.
 Brian
A. Ruane
The Bank of New York
As executive vice president of the Bank of New York, Brian Ruane is responsible
for the Securities Industry Division, a specialized banking group. The division
has responsibility for relationship management and business development
for the broker-dealer and hedge fund industries.
Ruane was born in Chicago and educated in Ireland. He is a graduate of
the UK & Irish Chartered Association of Certified Accountants and received
his MBA in International Banking and Finance from The Frank G. Zarb School
of Business, New York in 1995.
A member of The American Ireland Fund, Ruane also serves on the advisory
board to The Michael Smurfit Graduate School of Business in Dublin. His
father’s family comes from Mayo and his mother’s from Longford. Ruane and
his wife Anna, who is from Dublin, live in New York with their children
Sarah, Emma, Jack and Ellie.
 Michael
P. Ryan
UBS Financial Services
On July 1st, 2005, Michael Ryan took over for Mary C. Farrell as the
sole chief investment strategist and head of the Wealth Management Investment
Strategy & Research Group (WMIS&RG) for UBS Financial Services. Ryan has
been with UBS and its predecessor firm Paine Webber since 1984. In 2004,
Ryan and Farrell co-founded WMIS&RG, a fully integrated wealth management
investment strategy and research organisation to serve the needs of US-based
private clients.
Ryan is a regularly featured guest on CNN-FN’s Money Gang, and has been
quoted in the Wall Street Journal, Dow Jones News Services, Reuters, Nikkei
News and Bloomberg. He is a chartered financial analyst and a member of
the Association for Investment Management and Research, the Fixed Analysts
Society Inc., and the New York Society of Security Analysts. He received
a BA in political science and economics from the University of Rochester,
and an MBA in finance from the University of Rochester’s William E. Simon
School of Business. A second-generation Irish American whose grandparents
emigrated from Tipperary and Cork, he is married with two daughters.
 Sharon
T. Sager
UBS Financial Services
As a 20-year veteran of the financial securities industry, and UBS Financial
Services Inc., Sharon Sager holds the title of senior vice president, investments.
Sager previously worked in the textile industry having graduated from the
College of Mount St. Vincent, Riverdale, New York with a bachelor’s degree
in fine art. Later, she obtained the certified investment management analyst
degree at the Wharton School from the Investment Management Consultants
Association and left the textile industry for financial services. In 1983,
she began her financial career at Kidder Peabody & Co., which merged with
PaineWebber in 1995.
Outside of UBS, Sager is Co-Chairman of the Board of Directors of the
Women’s Venture Fund, a not-for-profit microlender, and in the President’s
Circle of the James Beard Foundation. She is also a proud and active member
of both the Women’s Economic Roundtable and the Financial Women’s Association.
Sager is a second-generation Irish-American and true to her roots, she
holds membership in the Irish Georgian Society and the New York Irish History
Roundtable. Her father’s family is from Galway, while her mother’s, the
Carrolls, hail from Cork.
 Michael
Tumulty
Merrill Lynch
Michael Tumulfy has made his mark in Merrill Lynch, as a director of
Global Equity Finance. He currently is the director of Client Service-Americas
for Merrill Lynch Prime Brokerage.
Tumulty joined Merrill Lynch in 2003. Prior to that he served as a managing
director for Prime Broker Services with Bear Stearns for 17 years. He has
worked in total for 25 years servicing and supporting the hedge fund sector.
Tumulty received his Bachelor’s degree from SUNY Oswego, and his MBA
from the Lubin Business School at Pace University, New York. He is most
proud of his achievements outside the business sector. He is married to
Lynne, and they have two sons, Michael, and Matthew, and a daughter, Molly
who was adopted from China. He and his wife are very active in local charities
and events.
A first-generation Irish-American, Tumulty has close family ties to Ireland.
His father hails from county Roscommon and his mother is from county Clare.
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