Marianne Camille
Spraggins
President Buy Hold America
Marianne Camille Spraggins is President
of Buy Hold America, a consulting company devoted to introducing
AIC, Ltd., a minority owned money management
firm, into
the U.S. institutional money management market. Founded 17 years ago by
Jamaican-born entrepreneur Michael Lee-Chin, AIC is Canada’s largest
privately held mutual fund money management company with over $9 billion
assets under management
and 1 million mutual fund shareowners. Prior to this she was Chief Executive
Officer of ALICIA (Atlanta Life Insurance Co. Investment Advisors), the
asset management subsidiary of the Atlanta Life Financial Group that,
at 97, is
the oldest African American stock owned insurance company in America.
Ms.
Spraggins, a veteran of Wall Street for the past twenty years,
began her career in mortgage finance at Salomon Brothers by
assisting commercial
banks,
thrift institutions savings and loan associations and governmental agencies,
such as G.N.M.A. and F.H.L.M.C., in securitizing over $2 billion of mortgage
assets for institutional and pension fund investors. In 1990, while in
the Municipal Division of Smith Barney Shearson, she became the first
African American female managing director on Wall Street. Her
vast experience includes
municipal
finance at Prudential Securities where she managed the Public Finance
Division’s
Metropolitan New Group, W.R. Lazard, where she was Co-Chair and CEO of
a minority-owned underwriting and asset management business and Smith
Whiley & Co.,
a private equity and mezzanine debt investment firm where she was a Senior
Managing Director.
An attorney admitted to practice in New York,
she began her career at New York Law School as an Associate
Professor of
Law at New York Law
School
and the
Director of its Urban Legal Studies Fellowship Program.
Ms. Spraggins
received an LL.M. from Harvard Law School, a J.D. from the
New York Law School and a B.A. in English Literature from Boston
University.
Ms.
Spraggins was
admitted to the Bar of the State of New York in 1977
A native New
Yorker, she serves on a variety of Boards including FuturePac,
a political action committee devoted to electing African
American women
to statewide and federal
offices, Ft. Valley State College in Ft. Valley, Ga., Count-Me-In,
the only online microlending organization for women and the Historic
District
Development
Corp. in Atlanta, Ga. Ms. Spraggins also has served on several
governmental commissions including the DeWind Commission on Banking,
Insurance
and Financial Services, and Governor Cuomo's Task Force on Consumer
and
Mortgage Banking.
Ms. Spraggins is a member of the Executive Committee of the Democratic
National Committee. She was formerly a member of the Board of Directors
of the New York
City Economic Development Corporation, the New York Law School
and the Apollo Theater Foundation where she chaired the Restoration
Committee.
She was confirmed
by the United States Senate and appointed by President Clinton
as a Director
of S.I.P.C., The Securities Investor Protection Corporation, which
insures brokerage accounts against broker dealer failure.
She is
a frequent speaker on the topics of minority entrepreneurship,
domestic emerging markets, small business and capital accessibility.