Speaker > Biography
Malcolmn D. Pryor Sr., WG'72
President & Chief Executive Officer
Southern African Enterprise Development Fund
1968 Howard University, Washington, DC
- BA Marketing and Economics
The majority of my undergraduate was financed through numerous employment opportunities within the federal government, (Library of Congress, The National Aeronautics and Space Administration) and the private sector.
Extracurricular activities included membership in Amnesty International and a Varsity letter with the University crew team.
1980 University of Pennsylvania, Philadelphia, PA
- MBA Finance
A COGME Fellowship was augmented with a research assistant position with the Industrial Research Unit, and as Assistant Director of Student Affairs. During the second year of study, he was employed by Goldman Sachs & Co.
1972-1980 Goldman Sachs & Co. Philadelphia, PA
- Institutional Sales
Managed a retinue of accounts that consisted of banks, mutual funds, investment advisor, government sponsored enterprises, multilateral development banks and municipalities that all invested in fixed income securities. 1980 Liberty Government Securities Group Philadelphia, PA Liberty Futures Group
Established a Broker-Dealer in Government Securities with fellow Wharton Graduates. Additionally established Liberty Futures Group, a Futures Commission Merchant and a member of the Chicago Board of Trade, and the Philadelphia Options Exchange as a market maker.
1981 Pryor, Govan, Counts & Co. Inc., Philadelphia, PA
- Co-founder Chairman
Established in 1981 as a Broker-Dealer and in 1981 became an underwriter in tax-exempt bonds and taxable securities. Distinguished as one of the first minority owned investment banking companies, the firm senior managed its first transaction in 1986.
In 1990, the firm changed it's branding to Pryor, McClendon, Counts & Co. and commenced senior managing transactions in Atlanta, Philadelphia, New York, Los Angeles, Washington, DC, San Francisco and Baltimore.
The firms' largest senior managed transaction was $700 million for the Pennsylvania Intergovernmental Cooperating Authority (PICA) for the financial restructuring of the City of Philadelphia in 1993.
The firm managed transactions for The African Development Bank and underwrote securities for many corporate and governmental entities.
In 1987 PGC Asset Management was founded and later renamed Wedgewood Capital Management, which managed fixed income portfolios growing to 900 million in assets. The firm merged with NCM Capital in 1993.
The primary business of the firm was sold in 1999 to Rice Financial Products, with the balance of products forming APEX Pryor. At the end of a non-compete period the remaining business of the firm was merged with Doley Securities.
- Founding Shareholder - United Bank of Philadelphia.
- Founding Shareholder - African Export Import Bank
- Founding Shareholder - CAL Merchant Ghana
- Founding Shareholder - Securities Discount House Ghana
- Founding Shareholder - National Merchant Bank of Zimbabwe
- Founding Shareholder - Wellspring Bio Capital
- Pepboys, Manny, Moe and Jack 1994 to present
- Fox Chase Cancer Center
- Philadelphia Orchestra, 1992 – 1996
- Philadelphia Child Guidance Center 1994 – 1998
- Wachovia Regional Foundation - Resigned April