Kase Lawal: Not your average oil baron

kase lewel

(CNN) — Nigerian-born entrepreneur Kase Lawal is the epitome of the American dream. Arriving to the US a young, idealistic student, Lawal has carved a name for himself in one of the most competitive industries in the world: Oil.

Now head of a multi-billion dollar empire, his Houston-based company, CAMAC, is one of the largest black-owned businesses in the U.S., generating over $2 billion dollars a year.

Founded nearly 25 years ago, Lawal built CAMAC (which stands for Cameroon-American) from a small agriculture business into a global oil company. But it’s taken a lot of hard work, determination and guts to get him to the top.

Born and raised in Ibadan, Nigeria in 1954, Lawal became interested in America and its civil rights movement during his teens. After finally persuading his father, a local politician, to send him to university in America, Lawal headed to Georgia and then Houston, where he attended the Texas Southern University.

After graduating with a Bachelor of Science in chemical engineering in 1976, Lawal, like many of his classmates, started out as a graduate in the energy industry. First as a chemist for Dresser Industries (now Halliburton) and then as a chemical engineer with Shell Oil Refining Co.

During this time he met his wife, Eileen through a mutual friend and had his three children.

Now married and settled, it wasn’t long before the innovative young Nigerian started to implement his business ideas.

In 1986 he established CAMAC, a company trading agricultural commodities such as sugar, tobacco and rice. In the early 90s he made the leap into the energy sector after the Nigerian government started to develop its energy market.

With his knowledge of Nigeria and his Houston address, Lawal was ideally positioned to attract major oil companies. In 1991 CAMAC made a deal with the oil giant Conoco, agreeing to jointly operate and share production from any Nigerian discoveries.

This turned out to be Lawal’s big break.

With his political contacts, local market knowledge and now with the backing of a major oil firm, Lawal’s Houston-based company became an instant player in the energy industry.

As Lawal told CNN: “That partnership I believe was the cornerstone of the CAMAC that you know today. Subsequently with that credibility and the advantage of partnering with Conoco, we were also able to partner with BP and also with Statoil of Norway and currently we have made a partnership with Eni, the largest Italian company, which is one of the top five oil companies in the world.”

Now CAMAC has offices in London, Johannesburg, Lagos and Port Harcourt, Nigeria and is involved in oil exploration, refining and trading.

He was awarded the USAfrica Business Person of the Year in 1997 and in 2002 CAMAC was named the largest African-American owned company on the Black Enterprise 100s list.



Marc Allen is senior vice president of The Boeing Company


Marc Allen is senior vice president of The Boeing Company and president of Boeing International. He is a member of Boeing’s Executive Council.

As president of Boeing International, Allen, 42, is responsible for the company’s international strategy and operations, and oversees 17 regional corporate headquarters in key markets around the world. Reporting to the chairman and CEO, Allen leads development of the company’s growth and productivity initiatives outside the U.S. and new business and industrial partnerships. His responsibilities also include overseeing international affairs, enhancing local presence and providing global functional support. Allen was appointed to the role in 2015.

Previously, Allen served as president of Boeing Capital Corporation, a wholly owned Boeing subsidiary that arranges, structures and provides financing for Boeing’s commercial airplane, space and defense products.

Prior to Boeing Capital, Allen served as vice president, of Boeing International and president of Boeing China, responsible for leading the company’s business in China from its Beijing headquarters. Leading Boeing China, Allen oversaw the company’s largest market outside the U.S. as its annual delivery pace doubled.

Before that, Allen served as Boeing’s vice president for Global Law Affairs and general counsel to Boeing International, leading the company’s international legal practice group from its inception, with responsibilities for Boeing’s international operations’ legal issues, cross-border trade regulation matters, and international legal policy matters including the U.S.-EC WTO dispute on aircraft subsidies.

Prior to joining Boeing, Allen practiced law with the Washington, D.C.-based law firm Kellogg Huber, litigating complex commercial cases for domestic and international clients.

Previous government service includes an appointment as U.S. Supreme Court Justice Anthony M. Kennedy’s law clerk.

A Southern California native, Allen received his bachelor’s degree summa cum laude from Princeton University, majoring in political science with a certificate in economics, and received his law degree from Yale Law School.

Allen is married and has four children.

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The Association of Black Securities and Investment Professionals


The Association of Black Securities and Investment Professionals (ABSIP), was established in 1995 to address the apparent lack of representation of black professionals in the securities and investment industry. It was also conceived as a platform to address the aspirations of those in the industry and to create a forum for black professionals to exchange Information and Ideas.

The mandate of ABSIP has evolved to encompass the empowerment of black professionals and black business across the financial industry. Its membership has grown to include sub-sectors such as Asset Management, Corporate Banking, Corporate Finance, Corporate Managerial and Financial Consulting, Employee Benefits, Insurance, Investment Banking, Retail Banking, Private Banking, Private Equity, Stock broking, Treasury and Development Finance Institutions (DFIs).

ABSIP has become widely recognised as an influential force in the transformation of the Financial Sector as evidenced by its participation in drafting the landmark Financial Sector Charter (“FSC Charter”). ABSIP is an affiliate member of the BBC (Black Business Council).

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SWFI NAIC Institutional Investor Forum 2015 Miami


Join us, February 9, 2015 – Miami Beach, FL

Keynote Speaker Highlight Robert F. Smith

Founder, Chairman and CEO of Vista Equity Partners
As Vista’s Chairman and CEO, Mr. Smith directs Vista’s investment strategy and decisions, firm governance and investor relations.

Vista currently manages equity capital commitments of over $14 billion and oversees a portfolio of over 20 software companies that employ a combined 22,000 employees worldwide. Since Vista’s founding in 2000, Mr. Smith has overseen over 140 completed transactions by the firm. During that time, Vista has managed capital for hundreds of limited partners, including many prominent public, private and corporate pension plans, endowments, family offices, and high net worth individuals. The firm has consistently performed in the top measures of PE firms. In 2012, Buyouts magazine awarded the firm’s Vista Equity Partners Fund III the Gold Medal as the top-performing 2007-Vintage Buyout Fund in the U.S.

Under Robert Smith’s leadership, Vista has exclusively focused on the enterprise software, data and technology enabled solutions sectors. Mr. Smith currently serves on or participates on all the boards of Vista’s portfolio companies, including Misys, Active Network, and Omnitracs. Prior to founding Vista, Mr. Smith worked for Goldman Sachs, M&A, from 1994 to 2000, in New York and Silicon Valley. As Co-Head of Enterprise Systems and Storage, he executed and advised on over $50B in merger and acquisition activity with companies such as Apple, Microsoft, Texas Instruments, eBay and Yahoo.

Mr. Smith has also been a leader in the philanthropic sector, serving as Chairman of the Robert F. Kennedy Center, as a Trustee of the Boys and Girls Clubs of San Francisco, a Member of the Cornell Engineering College Council, and. Mr. Smith is a Board Member of Carnegie Hall.

Hear from experts who have massive amounts of capital at work on both the private and public side.

Other Speakers include but not limited to:

Mark Gordon, State Treasurer of Wyoming
Robert L. Greene, Vice Chairman, Virginia Retirement Systems
Amir Dossal, Chairman and Founder, United Nations Global Partnerships Forum
Frank Baker, Managing Partner, Siris Capital
Tony Oliveira, Former Board Member, CalPERS
James Griffin, Managing Director, American Capital
Ana Maria Jul, Consultant to the Ministry of Economy and Finance of Panama
Jose Feliciano, Managing Partner, Clearlake Capital
Cheryl D. Alston, Executive Director, Employees’ Retirement Fund of the City of Dallas
Jason Lamin, Partner, Lennox Park
Stephen Braverman, Director, Business Development, DTE Energy Resources
Reeta Kapani Holmes, Co-Founder, Silverfern Partners
Ole Kjems Sørensen, Vice President, Head of Commercial Transactions & Market Development, DONG Energy Wind Power
Celeste Cecilia Moles Lo Turco, Strategic Committee on SWFs, Italian Ministry of Foreign Affairs

February 9, 2015

Fontainebleau Hotel, Miami Beach, FL, United States

An event for asset owners:
Public Pensions, Corporate Pensions, Sovereign Wealth Funds, Central Banks, Endowments, Superannuation Funds, Afores

Registration(private delegate)
Public Delegate Registration Here (i.e. pensions, SWFs, etc)
Register Before Early Bird Ends. Seating is limited.
If you plan on sending more people, please contact events@swfinstitute.org for more options.

Date: February 9, 2015
Venue: Fontainebleau Hotel

For information regarding the program, please contact Carl Linaburg at clinaburg@swfi.com.

Visit our Site: http://www.iinvestorforum.com
If you have any questions regarding registration, please email


Public Investors including Sovereign Funds
Alberta Investment Management Corporation
APG Asset Management
British Columbia Investment Management Corp.
California Institute of Technology Investment Office
Central Provident Fund (Singapore)
China Investment Corporation
CPP Investment Board
Emirates Investment Authority
Employees’ Retirement System, State of Hawaii
Fonds de réserve pour les retraites
Fonds Marocain de Développement Touristique
Fundo Soberano de Angola
Future Fund (Australia)
Government of Singapore Investment Corporation
Government Pension Investment Fund (Japan)
Hellenic Pension Mutual Fund Management
JSC Partnership Fund (Georgia)
Khazanah Nasional
Korea Investment Corporation
Kuwait Investment Authority
Los Angeles Fire and Police Pensions
Mubadala Development Co.
Mumtalakat Holdings
National Development Fund of Iran
National Fund for Veterans, Cambodia
National University of Singapore
New Mexico State Investment Office
New Zealand Superannuation Fund
Norges Bank Investment Management
North Carolina Department of State Treasurer
Oman Investment Fund
Ontario Municipal Employees Retirement System
Ontario Teachers’ Pension Plan
Palestine Investment Fund
Public Investment Corporation (South Africa)
Queensland Investment Corporation
Russian Direct Investment Fund
San Jose Police and Fire Retirement Plan
Saudi Fund for Development
State Capital Investment Corporation (Vietnam)
State Oil Fund of the Republic of Azerbaijan
Teacher Retirement System of Texas
Temasek Holdings
Universities Superannuation Scheme (USS)
Utah Retirement Systems
VER The State Pension Fund (Finland)
Virginia Retirement System

Central Banks & Finance Ministries
Bank for International Settlements
Bank of Finland
Bank of Italy
Bank of Papua New Guinea
Bank of Thailand
Banque Central du Luxembourg
Bank Indonesia
Banque de France
Banque de la République d’Haïti
California State Treasurer
Central Bank of Egypt
Central Bank of Ghana
Central Bank of Iceland
Central Bank of Malta
Central Bank of Mauritania
Central Bank of Mongolia
Central Bank of Suriname
Croatian National Bank
Czech National Bank
Deutsche Bundesbank
European Central Bank
HM Treasury
Ministry of Finance, Panamá
Monetary Authority of Singapore
Norwegian Ministry of Finance
Turkish Treasury
U.S. Department of the Treasury

Agency and Other
California High-Speed Rail Authority
CERN (Pension)
City of London
City of Los Angeles – Mayor’s Office
Estonian Development Fund
Eurasian Development Bank
European Commission
European Financial Stability Facility
European Investment Bank
Government of Australia
Greater London Authority
Hong Kong Trade Development Council
Infocomm Development Authority of Singapore
Invest HK
Italian Ministry of Foreign Affairs
Ministry of Defence (Singapore)
Nevada Commission on Economic Development
Office of the Turkish Prime Minister
Singapore Tote Board
SME Development Fund of Mongolia
Stanford Management Company
WestSummit Capital
Ministry of Finance, Chile* Non-Public Attendees
Abraaj Capital
Acadian Asset Management LLC
Adams Street Partners
Adelante Capital Management
Adveq Management AG
Alignment Financial Services
American Capital
American Capital Infrastructure
American Century Investments
AMP Capital Investors
Analytic Investors
Aquiline Capital Partners
Arcus Infrastructure Partners
Avica Property Investors
AXA Rosenberg Investment Management LLC
Axiom International Investors LLC
Baring Asset Management
Berenberg Bank
BDO Consulting
BMO Global Asset Management
BNP Paribas
BNY Mellon Asset Management
Cain Brothers Asset Management
Calvo Fisher & Jacob LLP
CapMan Real Estate
Cartica Management, LLC
CarVal Investors LLC
CBRE Clarion Securities
Citi Infrastructure Investors
CMEA Capital
Columbia Management
Condo Developer, LLC
Contrarian Capital Management, LLC
Corporate Finance Associates
CQS Management Limited
Crosswater Realty Advisors
Cushman & Wakefield
Danske Bank
Deutsche Bank AG
DIAM International
Dimensional Fund Advisors, LP
Diversified Global Asset Management
DuPont Capital Management
Eagle Investment Systems
Eastspring Investments
Egan-Jones Ratings Company
Enam Asset Management Company Pvt.Ltd.
Euroclear Bank
Everstone Capital Asia Pte Ltd
FactSet Research Systems
Federal Home Loan Banks Office of Finance
Financial Recovery Technologies LLC
First State Investments
Fisher Investments
FLAG Capital Management
FPM Frankfurt Performance Management AG
Fullerton Fund Management
Gavilon, LLC
GE Asset Management
Global Catalyst Partners
Goldman Sachs Asset Management
Grant & Eisenhofer
Grayling Momentum
Grosvenor Capital Management
Hastings Fund Management
Heard Capital LLC
Henderson Global Investors
Highstar Capital
Hotchkis & Wiley
Hudson Clean Energy Partners
ING Investment Management
Intellectual Ventures
Islan Asset Management Jennison Associates LLC
JP Morgan Asset Management
Keller Rohrback LLP
Kessler Topaz Meltzer & Check
Keywise Capital Management
Kirby McInerney LLP
Kuwait Finance House
Labaton Sucharow LLP
Lakestar Capital LLP
Landmark Partners
Lasalle Investment Management
Leonard Green & Partners, L.P.
Lloyds Banking Group
Lloyd George Management
Lockheed Martin Investment Management Co.
Logan Circle Partners
Los Angeles Capital Management
LSV Asset Management
Martin Currie
Meketa Investment Group
Meta Alpha
MFS International
Mondrian Investment Partners Ltd
Montreal Exchange
Morgan Stanley
New Forests
NGP Energy Capital Management, LLC
NorCap Advisors, LLC
Northern Trust
Ocean West Capital Partners
ORTEC Finance Switzerland AG
Palladium Equity Partners, LLC
Partners Group
Pathway Capital Management, LLC
Pioneer Investment Management
Pramerica Real Estate Investors
Quantum Global Investment Management AG
Quoniam Asset Management
RBC Global Asset Management
RBC Investor Services
Record Currency Management Ltd
RMK Timberland Group
Robbins Geller Rudman & Dowd LLP
Royal Bank of Canada
Royal Bank of Scotland
Royal London Asset Management
SaLu Capital
Sarasin & Partners
Sectoral Asset Management
Société Générale
Srei Infrastructure Finance Limited
S&P Dow Jones Indices
SKYPATH Capital Partners
Standard Bank
Standard Life Investments Ltd.
Starwood Capital Group
State Street Global Advisors
Stroock & Stroock & Lavan LLP
Sumitomo Trust & Banking Co., Ltd.
SummerHaven Investment Management
T Rowe Price
Toron AMI International Asset Management
Tradeweb Markets
The Gracia Group
The Sentient Group
TorreyCove Capital Partners LLC
Towers Watson
V&S Investment Co., Ltd
Vertex Venture Management
Virage Capital
Waddell & Reed Asset Management Group
Wells Capital Management
Wilshire Associates
World Gold Council

Starbucks Names Blair Taylor Chief Community Officer


Renowned civic leader to direct community, diversity, government relations and global responsibility efforts

SEATTLE–(BUSINESS WIRE)–Starbucks Coffee Company (NASDAQ: SBUX) today announced it has appointed renowned community leader Blair Taylor as chief community officer. Taylor currently serves as President and CEO of the Los Angeles Urban League, an affiliate of one of the nation’s leading civil rights organizations.

“At Starbucks annual shareholders meeting in March, I reiterated the company’s long-standing belief that there is a direct relationship between Starbucks success and the strength and vitality of the communities in which we do business,” said Howard Schultz, Starbucks chairman, president and ceo. “As a distinguished community advocate and an accomplished, entrepreneurial leader in the public and private sectors, Blair’s vision, experience and innovative thinking will enhance and elevate our commitment to Starbucks mission and work in the diverse communities we serve. We are honored that Blair is joining Starbucks, particularly at this important time for our company and for the world, and look forward to the meaningful contributions he will make as we pursue new opportunities that use Starbucks scale for good.”

Taylor will report to Schultz and be a member of Starbucks Senior Leadership Team. In this newly created position, he will lead the company’s Community, Government Relations, Diversity and Global Responsibility teams. He will also serve as a member of the Starbucks Foundation Board of Directors.

Taylor is a visionary leader and coalition builder with nearly 25 years of public- and private-sector experience, including deep expertise in education, urban development, business and community empowerment. His previous experience includes working at both PepsiCo and IBM, where he held numerous brand marketing, strategy, and executive sales positions.

“I have always admired the vital role Starbucks plays in the community and its socially responsible approach to doing business, especially in these tough economic times,” said Taylor. “This is the perfect opportunity to combine my community, public and corporate experience at one organization. I am grateful for the privilege to work at such an extraordinary company and look forward to helping Starbucks continue making a meaningful difference in communities around the world.”

Taylor has led the 90-year-old Los Angeles Urban League, which focuses on education, workforce development and community advocacy, since 2005. During this period he is credited with transforming the agency through innovative nation-leading community engagement programs, such as Neighborhoods@Work™, a holistic community reform model coordinating more than 150 public- and private-sector partnerships. Taylor also initiated international relationships in business and government, including leading the country’s first high-level African American delegation to China. Within Taylor’s first few years with the agency, one of the city’s most troubled high schools, Crenshaw High, achieved paradigm-shifting outcomes, including a more than 50 percent increase in graduation rates and a nearly 20 percent reduction in dropout rates.

Taylor presently serves on the Board of Trustees for Amherst College, the Board of Councilors for the University of Southern California’s Rossier School of Education, and as an appointee by U.S. Education Secretary Arne Duncan to the National Assessment Governing Board (NAGB). He has recently served on the Board of the California Charter School Association, and on the Boards of the Los Angeles Chamber of Commerce, the Forum, the Los Angeles Civic Alliance and the KIPP Charter Schools in Los Angeles.

Taylor will be based in Seattle and start his new role at the end of July 2012.

Starbucks is committed to helping communities thrive. Among its most recent initiatives was the company’s second annual Global Month of Service in April 2012, when more than 230,000 hours of service were volunteered by Starbucks partners (employees) and customers in an effort that spanned 34 countries, 2,157 service projects and 1,120 nonprofit organizations. During that month, the Starbucks Foundation also earmarked $4 million, which was directed to 124 U.S. nonprofit organizations by partners and customers who participated in an innovative online voting process.

Other ongoing community engagement initiatives include the opening last fall of the company’s first two “Community Stores” – one in Harlem and one in Crenshaw – from which a portion of each customer transaction is directed to local education and youth development programs. And to address the jobs crisis in America, last November Starbucks and Opportunity Finance Network teamed up to launch Create Jobs for USA – a national campaign designed to help jumpstart the economy with a focus on job creation in many of America’s most underserved communities.

About Starbucks

Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting the highest quality arabica coffee in the world. Today, with stores around the globe, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To share in the experience, please visit us in our stores or online at http://www.starbucks.com.

Source: Starbucks Coffee Company

Starbucks Coffee Company
Jim Olson, 206-318-7100

DBE contracting opportunities


WSDOT is committed to seeing that all Washingtonians have access to the thousands of family-wage jobs generated by our projects. We establish goals for each project for disadvantaged business enterprise (DBE) participation, so that smaller, minority-owned businesses have a level playing field when competing for work.

This page contains information about active contracts within the Alaskan Way Viaduct Replacement Program. If you have questions or concerns, or would like to learn more about DBE opportunities within the program, please contact Bobby Forch, DBE Administrator for the AWV Program, at 206-805-5418 or Forchbo@consultant.wsdot.wa.gov.

SR 99 Tunnel Project (main contract)
Prime contractor: Seattle Tunnel Partners
Contract type: Design-build
Construction period: Early 2011 to late 2016 (contingent on STP meeting its proposed schedule)
Contract amount (base value): $1.14 billion
DBE goal: $91.2 million, or 8 percent
DBE requirement: $96 million (contract modified by change order to establish this requirement)

DBE opportunities on this project: To learn about upcoming DBE opportunities with Seattle Tunnel Partners, receive information about their procurement process, obtain a list of subcontractors, or request any other information or assistance, please contact Erin Lopez Nielsen, STP’s DBE Compliance Manager, at 206-971-8214 or elopez@stp-jv.com. STP also hosts monthly meetings (pdf 220 kb) to discuss DBE opportunities on the project.

Seattle Tunnel Partners is launching a series of monthly meetings that will update community stakeholders on overall project status,DBE goal accountability,future opportunities, bid dates, and otherongoing opportunities for involvement. Join project staff andpartners for these monthly interactions.
For project updates, visit http://www.alaskanwayviaduct.org
For employment opportunities or business information please contact Seattle Tunnel Partners at
info@stp-jv.com or 206-971-8210.

93 DBE firms have received contracts with STP

1 Alliance Geomatics Lorache CAD/IT Services LLC
3D InFusion Maks Dump Truck
AAR Testing Laboratories Inc. Marshbank
Adept Mechanical Marine Vacuum Service Inc.
Advanced Underground Utilities MindSeekers LLC
Amaya Electric Mobile Electrical Distributors Inc.
BC Traffic Neppel Electrical
Bear Wood Windows Nolan Morrison
Berona Engineers Inc. Novito Construction Inc.
BEST CCLS Inc. NVL Laboratories
Birch Equipment Rental & Sales Inc. Oatridge Security Group Inc.
Bolima Drafting & Design Inc OMA
C & E Transport Corp. Oneill Service Group
C2PM On-Site Environmental Inc.
Cascade Concrete Products Co. Inc. Osborn Consulting Inc.
Casseday Consulting Osborn Pacific Group Inc.
Catherine Bassetti Osiris Enterprises LLC
Chudgar Engineering Company Pacific Geo Engineering
CivilTech Engineering Ponglia Trucking Inc.
Convergent Pacific Pro USA
DBE Electric PRR Inc.
DHD Trucking Puget Sound Utilities
DKA Quality Discount Supplies & Services
Duncan Asphalt Rebar International Inc.
Earth Mechanics Inc. Rose Super Clean and Park Mgmt. Inc.
Emerald City Weatherproofers Saez Consulting Engineers Inc.
Environmental Management Training Savage Logistics LLC
EPC Consultants Inc. Scheduling and Information Services
Excel Supply Company Schemata Workshop
Exeltech Consulting Inc. Sea-Tac Sweeping Service
Fryer-Knowles Inc. SSB Trucking & Construction
Garner Construction ST Fabrication/Jabez
Gibson Door & Millwork Steelkorr
Global Concrete Cutting Sundancer
Global Geophysics Sunset Welding Inc.
Grady Excavating Tan Trucking
Greylock Consulting LLC The Bag Lady Inc.
Highway Specialties LLC Transcon
Integrated Design Engineers, LLC Trinity Development
J. Harper Contractors Inc. TripleNet Technologies
J. Keiser & Associates United Professional Caulking
JMR Trucking Wakerobin
JP Francis & Associates Washington State Trucking
KBA Inc/Kristen Betty & Associates Inc. Wayron
Kiawa Trucking LLC West Coast Printing
Leajak Concrete Construction Inc. Yonemitsu Geological Services
Magnum Crane LLC


Jay Williams: U.S. Assistant Secretary of Commerce for Economic Development



U.S. Assistant Secretary of Commerce for Economic Development

Jay Williams was appointed by President Obama to serve as the Assistant Secretary of Commerce for Economic Development and was sworn into office on Tuesday, May 20, 2014.

As the Administrator of the U.S. Department of Commerce’s Economic Development Administration (EDA), Williams is charged with leading the federal economic development agenda by promoting innovation and competitiveness, preparing American regions for growth and success in the global economy.

Prior to joining the Department of Commerce, Jay served as the executive director of the Office of Recovery for Auto Communities and Workers. In this capacity, he worked directly with state and local stakeholders in areas affected by the changing American automotive industry to deliver federal support to ensure they returned to better economic condition.

He also served in the White House as Deputy Director for the White House Office of Intergovernmental Affairs. In this position, he led efforts to engage mayors, city council members, and county officials around the country.

Williams served as the Mayor of Youngstown, Ohio from 2006 to August 1, 2011. During his tenure as Mayor of Youngstown, Williams led efforts that had a direct impact on improving the quality of life for the citizens of Youngstown.

Williams is the recipient of the 2007 John F. Kennedy New Frontier Award. The JFK Library Foundation, in conjunction with the Harvard University Institute of Politics, annually recognizes two exceptional young Americans- under the age of 40, whose contributions in elective office, community service or advocacy demonstrate the impact and value of public service in the spirit of President John F. Kennedy.

Prior to being elected, Williams spent five years as the Director of Community Development for the city. Before transitioning into public service, Williams enjoyed a distinguished career in banking, which included stints at the Federal Reserve Bank of Cleveland and First Place Bank, as a vice president.

Assistant Secretary Williams was born and raised in Youngstown. He graduated from Youngstown State University with a B.S.B.A., majoring in finance.


Ariel Investments


John W. Rogers, Jr.
Chairman, CEO & Chief Investment Officer
Lead Portfolio Manager

Ariel Small and Small/Mid Cap Value Products and Ariel Fund
Co-Portfolio Manager

Ariel Mid Cap Value Product and Ariel Appreciation Fund
John’s passion for investing started when he was 12 years old when his father bought him stocks every birthday and every Christmas instead of toys. His interest grew while majoring in economics at Princeton University. After graduation, he worked as a stockbroker for 2½ years at William Blair & Company, LLC—a regional investment banking firm. In 1983, John founded Ariel Investments to focus on undervalued small and medium-sized companies. Patience served as the cornerstone of a disciplined approach that still drives the firm today. Beyond Ariel, John is a regular financial contributor to Forbes Magazine and currently serves as a board member of Exelon Corporation and McDonald’s Corporation. Additionally, he is a trustee of both the Nathan Cummings Foundation and the University of Chicago, where he chairs the board of the University of Chicago Laboratory School. John is also a director of the Robert F. Kennedy Center for Justice and Human Rights. In 2008, he was awarded Princeton University’s highest honor, the Woodrow Wilson Award, presented each year to the alumnus whose career embodies a commitment to national service. Following the election of President Barack Obama, John served as co-chair for the Presidential Inaugural Committee 2009. From 2010 to 2013, he was Chair of the President’s Advisory Council on Financial Capability. Today, he chairs the President’s Advisory Council on Financial Capability for Young Americans. In 2013, he was featured alongside legendary investors Warren Buffett, Sir John Templeton and Benjamin Graham in the distinguished book: The World’s 99 Greatest Investors by Magnus Angenfelt. John received an AB in economics from Princeton University where he was also captain of the varsity basketball team.
Domestic Senior Research Team
International/Global Research


Mellody Hobson

Mellody is responsible for firm-wide management and strategic planning, overseeing all operations outside of research and portfolio management. Additionally, she serves as chairman of the board of trustees for Ariel Investment Trust. Beyond her work at Ariel, Mellody has become a nationally recognized voice on financial literacy and investor education. She is a regular contributor and analyst on finance, the markets and economic trends for CBS News. She also contributes weekly money tips on the Tom Joyner Morning Show and pens a column for Black Enterprise magazine. As a passionate advocate for investor education, she is a spokesperson for the Ariel/Hewitt Study: 401(k) Plans in Living Color and the Ariel Black Investor Survey, both of which examine investing patterns among minorities. Mellody is chairman of the board for DreamWorks Animation SKG, Inc., as well as director of The Estée Lauder Companies Inc. and Starbucks Corporation. Her community outreach includes serving as chairman of After School Matters, a non-profit that provides Chicago teens with high-quality, out-of-school time programs. She is a board member of the Lucas Museum of Narrative Art, The Chicago Public Education Fund, and Sundance Institute, where she has been appointed emeritus trustee. She is also on the executive committee of the Investment Company Institute’s board of governors. Mellody earned her AB from Princeton’s Woodrow Wilson School of International Relations and Public Policy. She has also received honorary doctorate degrees in humanities from both Howard University and St. Mary’s College.

Black Power: Mellody Hobson


Mellody Hobson is president of Ariel Investments. Headquartered in Chicago, the firm offers six no-load mutual funds for individual investors and defined contribution plans as well as separately managed accounts for institutions and high net worth individuals.

As president, Mellody is responsible for firm-wide management and strategic planning, overseeing all operations outside of research and portfolio management.

Additionally, she serves as chairman of the board of trustees for Ariel Investment Trust.


30 Under 30: Africa’s Best Young Entrepreneurs

black business women

Young entrepreneurs are changing the face of Africa. Forbes magazine set out to produce a list of the 30 Africans under 30 years old who are making the most dramatic impact across the continent.

To do so, in November Forbes enlisted an outside panel of 12 judges from across Africa to help identify this group of outstanding entrepreneurs and innovators under the age of 30.

Black Buying Power To Reach $1.1 Trillion, Report Finds


Blacks will have more money to spend on goods and services, according to a recent report.

The State of the African-American Consumer Report found that black buying power is projected to reach $1.1 trillion by 2015, The Louisiana Weekly reports.

The study, which focuses on black spending, media habits and consumer trends, reported an increase in the amount of blacks attending college or earning a degree to 44 percent for men and 53 percent for women.

It also found an increase in the number of African American households earning $75,000 or higher by almost 64 percent.


Janice Bryant Howroyd & family

Net worth: $250 million

Source of wealth: Staffing, investments

Residence: Palos Verdes, Calif.

Age: 56

Fourth of 11 children; father was a foreman at a dye factory, mother stayed home to raise the kids. Janice took job as an assistant at Billboard Magazine; left to start staffing firm Act-1 in 1978 with $967 in savings and $533 in loans from family.

Built up client base via word of mouth, cold calls. Today the employment services agency generates annual revenues approaching $1 billion.

Donated $10 million to her alma mater, North Carolina Agricultural & Technical State University, in 2004; gave another $10 million to University of Southern California in 2005.


Robert Johnson

Net worth: $550 million

Source of wealth: BET, investments

Residence: West Palm Beach, Fla.

Age: 63

Former billionaire’s fortune has fallen from peak as recession hammered media and hotel markets. Founded cable channel Black Entertainment Television in 1979 with $15,000 of his own money and a $500,000 investment by cable king John Malone’s Tele-Communications Inc.

Became the first African-American billionaire in 2000 by selling BET to Viacom for $3 billion in stock and assumed debt.

Former wife and BET co-founder, Sheila Johnson, took big chunk of fortune in 2002 divorce. Shares of Viacom down 50% since last May, CBS off 70%.

Formed RLJ Companies: hotels, casino games, banks, NBA’s Charlotte Bobcats. Pledged to raise $30 million investment fund for Liberia; opening of $8 million Kendeja Resort slated for early summer.


File a Complaint with the Department of Justice


Office of Professional Responsibility

OPR’s jurisdiction is limited to reviewing allegations of misconduct made against Department of Justice attorneys and law enforcement personnel that relate to the attorneys’ exercise of authority to investigate, litigate, or provide legal advice.

Forward complaints against DOJ employees to OPR in writing. No forms are required, but the complaint should include:

the names and titles of the individuals suspected of misconduct,
the details of the allegations including case names,
any other relevant information,
copies of any documentation pertaining to the matter.

Robin C. Ashton
Office of Professional Responsibility
950 Pennsylvania Avenue, N.W., Suite 3266
Washington, DC 20530-0001

HUD Discrimination Complaint

Federal law prohibits housing discrimination based on your race, color, national origin, religion, sex, familial status, or disability.

If you have been trying to buy or rent a home or apartment and you believe your civil rights have been violated, you can file your fair housing complaint online by clicking the Housing Discrimination Complaint button below.

Your housing discrimination complaint will be reviewed by a fair housing specialist to determine if it alleges acts that might violate the Fair Housing Act. The specialist will contact you for any additional information needed to complete this review.

If your complaint involves a possible violation of the Fair Housing Act, the specialist will assist you in filing an official housing discrimination complaint.

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