Harold Doley
Encyclopedia
Ambassador Harold E. Doley, Jr., is the Founder of Doley Securities, LLC., the oldest African American owned investment-banking firm in the nation. Doley Securities, LLC. provides investment products and services to institutional clients. Amb. Doley serves as the Chairman Emeritus and Chief Compliance Officer of Doley Securities, LLC. Amb. 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.
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Doley Securities, LLC., a registered broker-dealer with the Financial Industry Regulatory Authority
(FINRA), it is a member of the Municipal Securities Rule making Board (MSRB) and the Securities Investor Protection Corporation
(SIPC).
In 1973, Amb. Doley bought a seat on the New York Stock Exchange
and is the only African American to have owned a seat (there are no longer NYSE individual memberships). He operated his membership as a Floor Broker, executing orders for other members and member firms on the floor of the NYSE. Amb. Doley began his professional career in investment banking
in 1968. He served as Vice President with major Wall Street
firms prior to buying his own seat. He serviced institutional accounts of banks, insurance companies, and universities with portfolios totaling over $500 million. During this period, Amb. Doley also affected and counseled on a number of mergers and acquisitions
of life insurance companies. Amb. Doley was honored by his industry peers as an Outstanding Broker of the Year in 1971. The Dow Jones Wall Street Journal
selected him as Stock Picker of the Year in 1990.
(AfDB) from 1983 to 1985. 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 crafted and conveyed U.S. Government positions regarding AfDB financial proposals and policies. Ambassador Doley worked with African Heads of State and Ministers involved with commerce and international trade and development. His innovative and cutting edge proposals for increasing the capital base of the fund led to more than tripling its authorized capital.
In 1982 Amb. Doley was appointed the first Director of the Minerals Management Service
(MMS) at the U.S. Department of Interior
. Amb. Doley managed MMS, an organization of more than 5,000 employees and a budget of $1.2 billion, and its collection of $12 billion in income due the United States Treasury. This represented the second largest income source to the U.S. Government. Mr. Doley had prior experience in this realm, having served in 1980 as a Board Member of the Louisiana State Mineral Board, a gubernatorial appointment.
to the President’s Board of Advisors Commission on Historically Black Colleges and Universities
. From 1970 to 1977 Amb. Doley was an Instructor at Southern University in New Orleans, teaching one course per semester in Economics, Business Structure, or Money and Banking. His board-of-directors affiliations reflect his interest in education and his commitment to sustainable development in Africa. Ambassador Doley is a member of the Council on Foreign Relations.
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Career
Amb. Doley founded Doley Securities, Inc., in 1975. Doley Securities, LLC. has been housed for four decades in the Doley Building located in the central business district of New Orleans, LouisianaNew Orleans, Louisiana
New Orleans is a major United States port and the largest city and metropolitan area in the state of Louisiana. The New Orleans metropolitan area has a population of 1,235,650 as of 2009, the 46th largest in the USA. The New Orleans – Metairie – Bogalusa combined statistical area has a population...
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Doley Securities, LLC., a registered broker-dealer with the Financial Industry Regulatory Authority
Financial Industry Regulatory Authority
In the United States, the Financial Industry Regulatory Authority, Inc., or FINRA, is a private corporation that acts as a self-regulatory organization . FINRA is the successor to the National Association of Securities Dealers, Inc. ...
(FINRA), it is a member of the Municipal Securities Rule making Board (MSRB) and the Securities Investor Protection Corporation
Securities Investor Protection Corporation
The Securities Investor Protection Corporation is a federally mandated, non-profit, member-funded, corporation in the United States. It protects investors in certain securities from financial harm if a broker-dealer fails...
(SIPC).
In 1973, Amb. Doley bought a seat on the New York Stock Exchange
New York Stock Exchange
The New York Stock Exchange is a stock exchange located at 11 Wall Street in Lower Manhattan, New York City, USA. It is by far the world's largest stock exchange by market capitalization of its listed companies at 13.39 trillion as of Dec 2010...
and is the only African American to have owned a seat (there are no longer NYSE individual memberships). He operated his membership as a Floor Broker, executing orders for other members and member firms on the floor of the NYSE. Amb. Doley began his professional career in investment banking
Investment banking
An investment bank is a financial institution that assists individuals, corporations and governments in raising capital by underwriting and/or acting as the client's agent in the issuance of securities...
in 1968. He served as Vice President with major Wall Street
Wall Street
Wall Street refers to the financial district of New York City, named after and centered on the eight-block-long street running from Broadway to South Street on the East River in Lower Manhattan. Over time, the term has become a metonym for the financial markets of the United States as a whole, or...
firms prior to buying his own seat. He serviced institutional accounts of banks, insurance companies, and universities with portfolios totaling over $500 million. During this period, Amb. Doley also affected and counseled on a number of mergers and acquisitions
Mergers and acquisitions
Mergers and acquisitions refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling, dividing and combining of different companies and similar entities that can help an enterprise grow rapidly in its sector or location of origin, or a new field or...
of life insurance companies. Amb. Doley was honored by his industry peers as an Outstanding Broker of the Year in 1971. The Dow Jones Wall Street Journal
The Wall Street Journal
The Wall Street Journal is an American English-language international daily newspaper. It is published in New York City by Dow Jones & Company, a division of News Corporation, along with the Asian and European editions of the Journal....
selected him as Stock Picker of the Year in 1990.
Ambassador
Amb. Doley was accorded ambassadorial rank while serving as United States Representative to the African Development BankAfrican Development Bank
The African Development Bank Group is a development bank established in 1964 with the intention of promoting economic and social development in Africa...
(AfDB) from 1983 to 1985. The AfDB, headquartered in Abidjan, Ivory Coast
Côte d'Ivoire
The Republic of Côte d'Ivoire or Ivory Coast is a country in West Africa. It has an area of , and borders the countries Liberia, Guinea, Mali, Burkina Faso and Ghana; its southern boundary is along the Gulf of Guinea. The country's population was 15,366,672 in 1998 and was estimated to be...
, 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 crafted and conveyed U.S. Government positions regarding AfDB financial proposals and policies. Ambassador Doley worked with African Heads of State and Ministers involved with commerce and international trade and development. His innovative and cutting edge proposals for increasing the capital base of the fund led to more than tripling its authorized capital.
In 1982 Amb. Doley was appointed the first Director of the Minerals Management Service
Minerals Management Service
The Bureau of Ocean Energy Management, Regulation and Enforcement , formerly known as the Minerals Management Service , was an agency of the United States Department of the Interior that managed the nation's natural gas, oil and other mineral resources on the outer continental shelf...
(MMS) at the U.S. Department of Interior
United States Department of the Interior
The United States Department of the Interior is the United States federal executive department of the U.S. government responsible for the management and conservation of most federal land and natural resources, and the administration of programs relating to Native Americans, Alaska Natives, Native...
. Amb. Doley managed MMS, an organization of more than 5,000 employees and a budget of $1.2 billion, and its collection of $12 billion in income due the United States Treasury. This represented the second largest income source to the U.S. Government. Mr. Doley had prior experience in this realm, having served in 1980 as a Board Member of the Louisiana State Mineral Board, a gubernatorial appointment.
Additional community and public service
Ambassador Doley has an extensive track record of community and public service, primarily focusing on education. He has been an appointee in five Republican Administrations; early in the 21st century Doley was appointed by then-President George W. BushGeorge W. Bush
George Walker Bush is an American politician who served as the 43rd President of the United States, from 2001 to 2009. Before that, he was the 46th Governor of Texas, having served from 1995 to 2000....
to the President’s Board of Advisors Commission on Historically Black Colleges and Universities
Historically Black Colleges and Universities
Historically black colleges and universities are institutions of higher education in the United States that were established before 1964 with the intention of serving the black community....
. From 1970 to 1977 Amb. Doley was an Instructor at Southern University in New Orleans, teaching one course per semester in Economics, Business Structure, or Money and Banking. His board-of-directors affiliations reflect his interest in education and his commitment to sustainable development in Africa. Ambassador Doley is a member of the Council on Foreign Relations.
Board affiliations
- Clark Atlanta University Board of Trustees Emeritus
- United Nations Commission on Disarmament Education, Conflict Resolution and Peace / International Association of University Presidents
- The Barnes Foundation
- The Smithsonian National Museum of African Art
- Corporate Council on Africa
Most recent honors
- Lincoln University Business Award 2004 (Outstanding African American Businessman within last 150 years)
- Thurgood Marshall Scholarship Fund Outstanding Service Award 2003
- Fortune Magazine 2003 Top Ten Minority Business Legends
- Founded Doley Foundation $5 million (Scholarships in Business and Internships)
- Inducted into the United States Small Business Administration Hall of Fame 35th Inductee
- Keynote Speaker Harvard Business SchoolHarvard Business SchoolHarvard Business School is the graduate business school of Harvard University in Boston, Massachusetts, United States and is widely recognized as one of the top business schools in the world. The school offers the world's largest full-time MBA program, doctoral programs, and many executive...
African American Student and Alumni at the association’s 33rd Annual Naylor Fitzhugh Dinner
Education
- Harvard Graduate School of Business: Owner/President Management Program
- B.S. - Xavier University, New Orleans, Louisiana: Double Major in Accounting and Business
Honorary degrees
- Doctor of Humane Letters - Bishop College, Dallas, TexasDallas, TexasDallas is the third-largest city in Texas and the ninth-largest in the United States. The Dallas-Fort Worth Metroplex is the largest metropolitan area in the South and fourth-largest metropolitan area in the United States...
- Doctor of Laws - Clark Atlanta University, Atlanta, GAAtlanta, GeorgiaAtlanta is the capital and most populous city in the U.S. state of Georgia. According to the 2010 census, Atlanta's population is 420,003. Atlanta is the cultural and economic center of the Atlanta metropolitan area, which is home to 5,268,860 people and is the ninth largest metropolitan area in...
- Doctor of Humane Letters - The Shaw University, Durham, North CarolinaDurham, North CarolinaDurham is a city in the U.S. state of North Carolina. It is the county seat of Durham County and also extends into Wake County. It is the fifth-largest city in the state, and the 85th-largest in the United States by population, with 228,330 residents as of the 2010 United States census...
External links
- http://www.doley.com/
- http://www.doleyfoundation.org/
- http://www.mms.gov/ooc/newweb/directorspage/wall.htm
- http://www.doley.com/press/pr0526a_halloffame.pdf
http://stlouiscathedral.org/
http://www.frenchcreoles.com/