Harold Doley

Harold E. Doley, Jr., is Founder, President and Chief Executive Officer of Doley Securities, Inc., the oldest African American owned investment-banking firm in the nation. Doley Securities, Inc. provides investment products and services to institutional clients. As the lead investment banker for Doley Securities, Inc., Mr. 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.

Mr. Doley founded Doley Securities, Inc., in 1975. Doley Securities, Inc. has been housed for three decades in the Doley Building located in the central business district of New Orleans, Louisiana.

Doley Securities, Inc., a registered broker-dealer with the United States Securities and Exchange Commission, is a member of the National Association of Securities Dealers (NASD), the Municipal Securities Rule making Board (MSRB) and the Securities Investor Protection Corporation (SIPC).

In 1973, Mr. Doley bought a seat on and became a member of the New York Stock Exchange (NYSE). Mr. Doley is currently the only African-American owner of a seat on the NYSE. He operated his membership as a Floor Broker, executing orders for other members and member firms on the floor of the NYSE. Mr. 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, Mr. Doley also affected and counseled on a number of mergers and acquisitions of life insurance companies. Mr. 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.

Ambassador

Mr. Doley was accorded ambassadorial rank while serving as United States Representative to the African Development Bank (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 Mr. Doley was appointed the first Director of the Minerals Management Service (MMS) at the U.S. Department of Interior. Mr. 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 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, most recently appointed by President George W. Bush to the President’s Board of Advisors Commission on Historically Black Colleges and Universities. From 1970 to 1977 Mr. 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 Inductees
*Keynote Speaker Harvard Business School 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, Texas
*Doctor of Laws - Clark Atlanta University, Atlanta, GA
*Doctor of Humane Letters - The Shaw University, Durham, North Carolina