Shawn Baldwin

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Shawn D. Baldwin
Born February 26, 1966
Dayton, Ohio
Nationality United States
Occupation Financier
Known for founding Capital Management Group (CMG)

Shawn D. Baldwin (born February 26, 1966)[1] is an American financier, trader, and investor. He is the president and CEO of the trading and investment firm, Capital Management Group (CMG), which is based in Chicago.[2][3]

Biography[edit]

Baldwin is a native of Ohio. When he was twenty-three years old, Baldwin opened a nightclub in Dayton, Ohio. His first job was at American Express where he worked in advertising the company's credit cards. He also worked at U.S. Bancorp in Chicago, Illinois.[4] Baldwin then worked for Optima Investment Research where he ran the US and UK sales in London for the volatility and options division.

Baldwin received a bachelor's degree from Antioch University. He later studied at the University of Oxford's Saïd Business School, where he received an M.F.S.[5]

Professional career[edit]

Baldwin founded Capital Management Group (CMG), an investment advisory firm, on September 20, 2001 and used it as an acquisition vehicle for acquiring a broker-dealer in the United States and another offshore vehicle.[6] His business idol is Reginald F. Lewis.[5] He is the second member of the Chicago Stock Exchange to be an African American,[7] and he possesses two seats on the stock exchange.[8]

Baldwin's Capital Management Group (CMG) which is based in Chicago has acquired multiple companies. In November 2001, he bought MuniDirect, a broker-dealer based in Atlanta, Georgia. In December of the same year, Baldwin bought KCM Capital Management, a broker-dealer based in Anguilla but headquartered in Chicago. He also bought the Stature Multi-Allocation Fund, a hedge fund worth $56 million.[9] From 2002 to 2005, CMG participated in over 75 transactions for a par of over $68 billion in equity and debt transactions, which included Google and The Travelers Companies.[3]

In December 2006, the National Association of Securities Dealers (later renamed to Financial Industry Regulatory Authority) expelled CMG and Baldwin, preventing the company from continuing its trade activities.[4] The expulsion and bar were overturned by FINRA adjudicators in a January 2009 decision in which they cited "contradictory" statements by the regulators. Baldwin and CMG were given a $25,000 fine and two year suspension for not fully responding, Baldwin did not submit a deposit ticket for a wire and a bank statement for a brokerage account.[10]

In 2007, Steve Forbes invited Baldwin to the Forbes CEO Middle East Conference in Doha, Qatar in May 2007. Baldwin was introduced to the Emir of Qatar, who encouraged him to become involved with the nation after a Q&A session where Baldwin was vocal about its global prospects. The Emir asked Baldwin what would he do for the nation to increase its competitiveness. Baldwin decided to host a conference as he had done in the United States and said that he would bring the asset managers to Doha, Qatar to develop business there rather than having the Qatari meeting managers in London. Lord Jacob Rothschild spoke at the event. The meeting was held on May 18, 2007, and CNBC covered the events.[5][11]

Baldwin later moderated a panel on Islamic Finance at the Milken Global Conference held by Milken Institute in April 2009.[7] Baldwin also moderated a panel on Native American Wealth Sovereign Funds at the Milken Global Conference by the Milken Institute in April 2010.[12] Additionally, Baldwin began contributing to Forbes Magazine writing on the yen[13] and Japanese government bonds in 2010.[14] Baldwin also was a featured speaker at the Fortune/Time/CNN Global Forum in 2010.[15]

Media coverage and distinctions[edit]

Baldwin has been profiled in many magazines,[4] including The Economist, BusinessWeek, Forbes, Fortune, Money, and Investment Dealers' Digest, and has appeared on a number of television networks, including Bloomberg, CNN, CNBC, NBC, and CBS.[7] Investment Dealers' Digest named him one of the Top 40 Investment Bankers under 40.[7] In 2006, Baldwin was named one of the Top 75 Blacks on Wall Street by Black Enterprise.[16] He is a contributor to the financial articles of Fast Company.[17] and Forbes. In 2006, Baldwin was the financial spokesperson for BlackBerry and the subject of commercials and a print campaign that ran in Forbes, Fortune and BusinessWeek.[5] Baldwin has been also quoted in The Wall Street Journal.[18]

References[edit]

  1. ^ "Hotlist 05: they're bold, innovative, powerful--and all under 40.". Black Enterprise. 2005-12-01. Archived from the original on 2009-10-24. Retrieved 2009-10-24. 
  2. ^ Daniels, Cora (2004-05-24). "Young, Gifted, Black--And Out Of Here A generation looks beyond acceptance in business.". Fortune. Archived from the original on 2009-10-24. Retrieved 2009-10-24. 
  3. ^ a b O'Connor, Colleen Marie (2006-11-27). "Forty Under Forty: These 40 bankers represent the way Wall Street is evolving today.". Investment Dealers' Digest. Archived from the original on 2009-10-24. Retrieved 2009-10-24. 
  4. ^ a b c Strahler, Steven R. (2007-06-11). "A star broker fades as creditors, NASD move in". Financial Week. Archived from the original on 2009-10-24. 
  5. ^ a b c d Owens, Anna. "All The Right Moves: Investment Banker Shawn Baldwin Heads East- the Middle East". Bears and Bulls. Archived from the original on 2009-10-24. Retrieved 2009-10-24. 
  6. ^ Caplin, Joan; McGirt, Ellen; Wilson, Amy (2003-08-01). "Fortune Hunters Meet seven people with vision and daring who are making their own success". Money. Archived from the original on 2009-10-24. Retrieved 2009-10-24. 
  7. ^ a b c d "Speaker: Shawn Baldwin". Milken Institute. 2009-08-27. Archived from the original on 2009-10-24. Retrieved 2009-10-24. 
  8. ^ "Five Things to Know to Handle the Financial Crisis". WMAQ-TV (NBC). 2008-10-20. Archived from the original on 2009-10-24. Retrieved 2009-10-24. 
  9. ^ Hughes, Alan (2002-04-01). "On the fast track: Shawn Baldwin is building a financial services firm one acquisition at a time". Black Enterprise. Archived from the original on 2009-10-24. Retrieved 2009-04-06. 
  10. ^ "Opinion of the Commission: CMG Institutional Trading, LLC and Shawn D. Baldwin". U.S. Securities and Exchange Commission. 2009-01-30. Archived from the original on 2009-10-25. Retrieved 2009-10-25. 
  11. ^ "Major Alternative Investments Conference held in Qatar" (press release). AMEinfo.com. 2007-05-15. Archived from the original on 2009-10-24. Retrieved 2009-10-24. 
  12. ^ "Speaker: Shawn Baldwin". Milken Institute. 2010-04-26. Archived from the original on 2010-04-30. Retrieved 2010-04-30. 
  13. ^ Baldwin, Shawn D. (2010-07-21). "Japan: Land Of The Rising Sum". Forbes Magazine. Archived from the original on 2011-05-30. Retrieved 2011-05-30. 
  14. ^ Baldwin, Shawn (2010-08-17). "Say Yes To The Yen". Forbes Magazine. Archived from the original on 2011-05-30. Retrieved 2011-05-30. 
  15. ^ "Global Forum: 2010 PARTICIPANTS". Fortune Conferences. 2010-06-26. Archived from the original on 2011-05-29. Retrieved 2011-05-30. 
  16. ^ Brown, Carolyn M. (October 2006). "75 most powerful blacks on wall street.". Black Enterprise. Archived from the original on 2009-10-24. Retrieved 2009-10-23. 
  17. ^ "Shawn Baldwin". Fast Company. Archived from the original on 2009-10-24. Retrieved 2009-04-06. 
  18. ^ Staney, Nasil (2010-07-01). "Reality Check: Most Stock Markets Still Below '07 Highs". The Wall Street Journal. Yahoo! Finance. Archived from the original on 2011-05-29. Retrieved 2011-05-30.