Marianne Camille Spraggins, Chief Evangelist
A Wall Street pioneer, Spraggins is an investment banker and attorney who pursued a career on Wall Street because she saw it as the next stage of the civil rights movement. She started her career at Salomon Brothers, then one of Wall Street’s most powerful firms, where she was one of only a handful of African Americans and thought of herself as Alice in Wonderland. There, she became part of the team that created the residential mortgage securities market and gained exposure to one of the country’s largest investor groups, multi-billion dollar pension funds. Later, at Salomon Brothers, Prudential Securities and Smith Barney, she worked in municipal finance with cities, States and other governmental bodies in their issuance of bonds in the $4 trillion municipal bond market. While at Smith Barney, she became the first African American female Managing Director on Wall Street.
She also served as Senior Counsel to the Congressional Oversight Panel, a body created by Congress to oversee the U.S. Treasury’s implementation of the $700 billion Troubled Asset Relief Program (TARP).
Throughout her career she has been dedicated to creating capital access for minorities. She has worked with minority-owned businesses, both large and small, some that became very successful and some that didn’t survive and brings a wealth of knowledge to Eye on Money’s efforts to help African Americans of every age understand why and how financial empowerment is in their purview.
Ms. Spraggins is a former director of the Securities Investor Protection Corporation ( S.I.P.C.), where she was appointed by President Bill Clinton and confirmed by the U.S. Senate to the agency that protects investors in the event of broker/dealer failure.
She formerly served as a member of the Executive Committee of the Democratic National Committee, co-chair of its Credentials Committee and as a super delegate to several Democratic National Conventions.
A native New Yorker, Ms. Spraggins received an LL.M. in International Law from Harvard Law School, a J.D. from the New York Law School and a B.A. in English Literature from Boston University. She is a member of the Bar of the State of New York and is a member of the federal bar in the Southern District of New York.