15th Annual Wall Street Summit
The New America Alliance presented the 15th installment of the Annual Wall Street Summit in New York City on October 27-29. This year's Summit was dedicated to NAA Founding Members Jorge G. Castro and Daniel D. Villanueva, Sr. whom we lost this year. As founding members of the NAA, Jorge and Danny embodied the mission of the NAA-building on American Latino success to forge a stronger America for all Americans. Their wisdom will continue to guide the NAA for years to come.
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Jorge G. Castro NAA Founding Member 1957-2015 |
Danny D. Villanueva, Sr. NAA Founding Member 1937-2015 |
Tom Castro, NAA Founding Chair of the Board and President and Chief Executive Officer, El Dorado Capital, LLC provided remarks on his late brother Jorge and good friend Danny.
Tom Castro, NAA Founding Chair of the Board and President and Chief Executive, El Dorado Capital, LLC
During the Wall Street Summit we announced the NAA Billion Dollar Circle and celebrated the success of NAA Member firms that have surpassed $1 Billion of assets under management. Together, these ten NAA member firms manage over $20 Billion AUM and range across asset classes, including private equity, real estate, hedge funds and public markets. We also highlighted the following:
NAA membership of diverse and emerging asset management firms
have over $60 Billion aggregate assets under management.
NAA diverse asset managers (with 25+% diverse ownership)
represent almost $45 Billion of aggregate assets under management.
NAA Latino asset managers in private equity
represent over $10 Billion in aggregate assets under management, as compared to
under $500 Million reported in the NAA White Paper in 2003 - that is progress.
NAA Billion Dollar Circle from Left to Right: Tom Soto, NAA Inc Vice Chair of the Board, Wall Street Summit & Pension Fund Initiative Co-Chair; Managing Director, TCW-Craton; Rafael Ortiz, Principal, Palladium Equity Partners, LLC; NAA Board Member; Fernando Guerrero, Managing Partner, Varadero Capital, L.P.; NAA Member; NAA CEO Pilar Avila; Luis Maizel, Senior Managing Director, LM Capital Group, LLC; NAA Member; Victor Miramontes, Vice Chairman, CityView, NAA Member; Ricardo Bekin, Managing Principal and Chief Investment Officer, Ativo Capital Management, LLC; NAA Board Member; Cyril Meduña, President, Advent-Morro Equity Partners, Inc; NAA Inc Vice Chair of the Board & Pension Fund Initiative Co-Chair
The Wall Street Summit Opening was sponsored by Department of Economic Development and Commerce of Puerto Rico and Morgan Stanley. The Honorable Alberto Bacó Bagué, Secretary, Economic Development and Commerce of Puerto Rico and The Honorable Thomas P. DiNapoli, Comptroller, New York State provided opening remarks.
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NAA Wall Street Summit Opening Session Remarks From Left to Right: The Honorable Thomas P. DiNapoli, Comptroller, New York State; The Honorable Alberto Bacó Bagué, Secretary, Economic Development and Commerce of Puerto Rico
The opening session also included the #NAANewGen panel which explored the rise of a new generation of American Latino leaders who are redefining pathways to success and strengthening the pipeline of new leaders moving our nation forward. The Welcome Reception followed the #NAANewGen panel.
#NAANewGen Session
#NAANewGen Session from Left to Right: Joseph Acevedo, Principal, Pharos Capital Group, LLC; NAA Inc Board Member and Membership Chair; Danielle Beyer, Managing Director, Head of Investor Relations, Mariner Investment Group, LLC; NAA Member; Bianca Caban, Founding Partner, Koban Holdings LLC; Gabriel Jason Rodriguez, Managing Director & Founding Member, Empiric Institutional; NAA Member; Stephanie Valencia, Former Deputy Chief of Staff to the Secretary, U.S. Department of Commerce; Felice Gorordo, Chief Executive Officer, Clearpath
Day 2 of the Summit began with the Opening Breakfast sponsored by Univision Communications Inc. The Opening Breakfast included a conversation with Tom Soto, Managing Director, TCW-Craton; NAA Inc Vice Chair of the Board, Wall Street Summit & Pension Fund Initiative Co-Chair and Roberto Llamas, Executive Vice President and Corporate Officer, Human Resources and Community Empowerment, Univision Communications Inc. Roberto Llamas discussed Univision Contigo, an Univision initiative which helps bring focus to the most critical issues facing our community, and provides a range of valuable resources that will enable Latino families to take immediate action.
Wall Street Summit Opening Breakfast from Left to Right: Tom Soto, Managing Director, TCW-Craton; NAA Inc Vice Chair of the Board, Wall Street Summit & Pension Fund Initiative Co-Chair and Roberto Llamas, Executive Vice President and Corporate Officer, Human Resources and Community Empowerment, Univision Communications Inc.
Back again for the second year in a row, the #NAALatinaCaucus panel gathered an illustrious group of Latinas who shared their rise to success, highlighted how Latinas are driving the economy as entrepreneurs, corporate executives and public sector leaders, and outlined recommendations for continuing to elevate the leadership of Latinas across sectors. The #NAALatinaCaucus session was co-sponsored by AARP, Herbalife, and JPMorgan Chase & Co.
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Maria L. Garcia, Senior Vice President, Market Manager - Consumer & Community Banking, JPMorgan Chase & Co. |
#NAALatinaCaucus Session from Left to Right: Mónica M. Cortés Torres, Interim VP Multicultural Markets & Engagement, AARP; Teresa McBride, Chief Executive Officer, McBride & Company; Mara Liz Meinhofer, Director, New York Office, Puerto Rico Department of Economic Development & Commerce |
#NAALatinaCaucus Session from Left to Right: Teresa McBride, Chief Executive Officer, McBride & Company; Ana-Maria Fernandez-Haar, NAA Institute Chair of the Board and Latina Caucus Co-Chair; Managing Partner, Victoriana, LLC; Carmen Ortiz-McGhee, Senior Vice President & Resident Sales Director, Aon Risk Solutions, Capital Region; NAA Inc Board Member and Latina Caucus Co-Chair; Mónica M. Cortés Torres, Interim VP Multicultural Markets & Engagement, AARP; Solange F. Brooks, Portfolio Manager, Private Equity, California State Teachers' Retirement System; Mara Liz Meinhofer, Director, New York Office, Puerto Rico Department of Economic Development & Commerce
The US Mayors Forum & Luncheon, co-hosted by Latino Leaders Network began with remarks from Michelle Caruso-Cabrera, Chief International Correspondent, CNBC. The luncheon also included a conversation with The Honorable Mickey Ibarra, Chairman, Latino Leaders Network and The Honorable Martin Chavez, Former Mayor, Albuquerque, NM.
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US Mayors Forum & Luncheon Opening Remarks From Left to Right: The Honorable Roel Campos, NAA Inc & NAA Institute Board Member; Partner, Locke Lord LLP; Michelle Caruso Cabrera, Chief Correspondent, CNBC
The Honorable Mickey Ibarra, Chairman, Latino Leaders Network and The Honorable Martin Chavez,
Former Mayor, Albuquerque, NM
We also took the opportunity to announce the reelection of the following NAA Board Members: Jorge Ferraez, Joseph Acevedo, and Andy Unanue; and welcomed new NAA Board of Directors: Jackeline Cacho, Jerry Arzu, Ricardo Bekin and Marcos Ronquillo. We also expressed our deepest gratitude to outgoing NAA Inc Chair of the Board Frank Herrera, Jr., Founder, The Herrera Law Firm and outgoing NAA Institute Chair of the Board Ana-Maria Fernandez-Haar, NAA Latina Caucus Co-Chair; Managing Partner, Victoriana, LLC. Both Frank and Ana-Maria will continue service as NAA Board of Directors. We also welcomed newly elected NAA Inc Chair Tom Soto and NAA Institute Chair Carmen Ortiz-McGhee.
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From Left to Right: Tom Soto, Managing Director, TCW-Craton; Incoming NAA Chair of the Board, Wall Street Summit & Pension Fund Initiative Co-Chair and Frank Herrera, Jr., Outgoing NAA Inc Chair of the Board; Founder, The Herrera Law Firm; Carmen Ortiz-McGhee, Senior Vice President & Resident Sales Director, Aon Risk Solutions, Capital Region; Incoming NAA Institute Chair of the Board and Ana-Maria Fernandez-Haar, Outgoing NAA Institute Chair of the Board and Latina Caucus Co-Chair; Managing Partner, Victoriana, LLC
The day concluded with the Journeys of Entrepreneurial & Business Success panel and reception sponsored by Goldman, Sachs & Co. at their headquarters in New York. Moderated by The Honorable Henry G. Cisneros, Executive Chairman, CityView and NAA Co-Founder, the panel shared inspiring tales of entrepreneurship and business with extraordinary accounts of lifting up generations of their own family and the families working within their businesses and giving back. Our distinguished panelists included Paula G. Arrojo, Managing Director, Investment Management, Goldman, Sachs & Co.; NAA Board Member Jackeline Cacho, Co-Producer & Host, Triunfo Latino National TV Show; NAA Member María Luisa Ferré Rangel, President and CEO, Grupo Ferré Rangel; and NAA Founding Board Member Andy Unanue, Managing Partner, AUA Private Equity Partners, LLC.
Journeys of Entrepreneurial & Business Success Panel from Left to Right: The Honorable Henry G. Cisneros, Executive Chairman, CityView and NAA Co-Founder; Paula G. Arrojo, Managing Director, Investment Management, Goldman, Sachs & Co.; NAA Board Member Jackeline Cacho, Co-Producer & Host, Triunfo Latino National TV Show; NAA Member María Luisa Ferré Rangel, President and CEO, Grupo Ferré Rangel; and NAA Founding Board Member Andy Unanue, Managing Partner, AUA Private Equity Partners, LLC.
As NAA continues to advocate for higher participation of Latino and diverse financial services firms in the institutional investor space, day 3 of the Summit featured Pension Fund Diversity Day. Pension Fund Diversity Day Opening Breakfast was co-sponsored by GCM Grosvenor and speakers included Edward Cox, Chairman, New York State Republican Party, The Honorable Scott Stringer, Comptroller, City of New York, and The Honorable Robert Jay Rodriguez, Assembly Member, District 68, New York State Assembly. The Fireside Chat included a conversation with The Honorable Michael Blake, Assemblymember, District 79, New York State Assembly and The Honorable Alejandra Castillo, National Director, Minority Business Development Agency, Department of Commerce.
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From Left to Right: Jason Howard, Director, Private Markets Investments, GCM Grosvenor; Juan Sabater, NAA Inc Vice Chair of the Board & Wall Street Summit Co-Chair; Managing Director, Valor Equity Partners
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From Left to Right: Edward Cox, Chairman, New York State Republican Party; The Honorable Scott M. Stringer, Comptroller, City of New York
The Honorable Robert Jay Rodriguez, Assembly Member, District 68, New York State Assembly
From Left to Right: The Honorable Michael Blake Assembly Member, District 79, New York State Assembly; Tom Soto, Managing Director, TCW-Craton; NAA Inc Incoming Chair of the Board; Wall Street Summit & Pension Fund Initiative Co-Chair; The Honorable Alejandra Castillo, National Director, Minority Business Development Agency,Department of Commerce
The Diverse Investment Management: State & Outlook panel identified the state of the diverse management community and practices today and explored what the future might look like.
Diverse Investment Management Panel from Left to Right: Jerry Arzu, Director, Business Development, Telsey Advisory Group; NAA Board Member; Maria Boyazny, Founder and Chief Executive Officer, MB Global Partners; Jay Ferguson, Managing Partner, Vicente Capital Partners; NAA Member; Cyril Meduña, President, Advent-Morro Equity Partners, Inc; NAA Inc Vice Chair of the Board & Pension Fund Initiative Co-Chair; Gerson Guzman, Managing Director, Corinthian Capital Group, LLC; NAA Inc Board Member and Treasurer; Victor Miramontes, Vice Chairman, CityView; NAA Member; and NAA CEO Pilar Avila
The Pension Fund Diversity Across Markets panel opened with remarks from The Honorable Letitia "Tish" James, Public Advocate, New York City. Panelist for the closing panel included custodians and investors of hundreds of billions of capital.
The Honorable Letitia "Tish" James, Public Advocate, New York City
Pension Fund Diversity Across Markets Panel from Left to Right: Tom Soto, NAA Inc Incoming Chair of the Board, Wall Street Summit & Pension Fund Initiative Co-Chair; Managing Director, TCW-Craton; Sylvia Bell, Managing Director, Investment Operations, Teacher Retirement System of Texas; Daniel J. Bienvenue, CFA, CAIA, Managing Investment Director Global Equity, California Public Employees' Retirement System (CalPERS); Alex Doñé, Head of Private Equity, New York City Retirement System (NYCRS); Rodrigo Garcia, Chief Investment Officer & Chief Financial Officer, Illinois State Treasury; Rodrigo Garcia, Chief Investment Officer & Chief Financial Officer, Illinois State Treasury; Anastasia Titarchuk, Deputy Chief Investment Officer, Pension Investment & Cash Management, New York State Common Retirement Fund
SPECIAL THANKS TO OUR SPONSORS
