Ex-mayor of Atlanta to open brokerage office in Baltimore

Jackson Securities seeking office space

September 13, 2002|By Andrea K. Walker | Andrea K. Walker,SUN STAFF

Former Atlanta Mayor Maynard Jackson, known for widening business opportunities for minorities, is opening a branch of his securities company in Baltimore.

Jackson Securities Inc., which has already hired a Baltimore representative, will open the office as soon as the company can find space, Jackson said yesterday during a meeting with Mayor Martin O'Malley.

Jackson introduced his company to O'Malley during a one-hour meeting, while also trying to sell the mayor on the company's services.

"I just want to let you know who we are and help us earn your confidence," Jackson said.

Jackson Securities is a full-service investment brokerage with one of its expertise in underwriting municipal bonds.

While O'Malley wasn't ready to commit, he acknowledged that the city was trying to use more minority and local investment firms.

"I can't say today that we will do business," O'Malley said. "But I'm certainly excited about the possibilities."

"Maynard Jackson is a name synonymous with business development - particularly minority business development," the mayor added. "We're delighted to have him here."

Jackson was Atlanta's first black mayor and made national headlines for improving access to business for minorities, particularly during the renovation of Hartsfield International Airport.

He opened his firm in 1987, and with the new location has offices in 12 cities and nearly 50 employees.

Jackson has hired Katrina R. Riddick, a former vice president of the Public Finance Group of Legg Mason Inc., to head the Baltimore office. Riddick said the city has many opportunities for business as lawmakers have created goals to contract with more minority companies.

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