Art cashin cnbc biography

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Arthur D. Cashin Jr. was born in Jersey City, New Jersey, in 1941.
Art Cashin, UBS' director of floor operations and a fixture at the New York Stock Exchange for nearly 60 years, died this week at age 83.

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Arthur D. Cashin Jr., a longtime Wall Street executive and noted philanthropist, passed away at the age of 83. Born in Jersey City in 1941, Cashin built a career spanning over six decades in finance while dedicating himself to charitable initiatives.

Cashin began his career in 1959 at the brokerage firm Thomson McKinnon at just 17 years old, following the unexpected death of his father. By 23, he became a partner at P.R. Herzig & Co., earning recognition as one of the youngest members of the New York Stock Exchange.

In 1976, Cashin briefly left Wall Street to run for mayor of Jersey City, seeking to tackle corruption in his hometown, although his campaign was unsuccessful. He was quoted as saying, “once they discovered I was honest, there wasn’t much chance I was going to get elected.”

He then returned to finance and joined PaineWebber in 1980 to manage its floor operations, continuing in this role after UBS acquired the firm in 2000.

Cashin was also a prolific market historian and storyteller. His daily commentary, Cashin’s Comments, was distributed for more than 40

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Art Cashin

Arthur D. Cashin Jr.

Arthur D. Cashin Jr. (1941-2024) was an American financial analyst and stockbroker who served as the director of floor operations for UBS Financial Services at the New York Stock Exchange (NYSE). Known for his market insights, storytelling prowess, and daily commentary, Cashin was a prominent figure on Wall Street for more than six decades.^[1]

Background

Cashin was born in 1941 in Jersey City, New Jersey, where his parents were superintendents of an apartment building, providing him with a humble background that shaped his future career and persona on Wall Street.

Career

Cashin's career on Wall Street began in 1959 at Thomson McKinnon, where he started as an assistant clerk at the age of 17 and still in high school. He was obliged to join the workforce when his father died unexpectedly that year. In 1964, at just 23 years old, he became one of the youngest traders to have a seat at the NYSE and a partner at P.R. Herzig & Co.^[2]

In 1980, Cashin joined PaineWebber, managing their floor opera

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Art Cashin, Wall Street veteran for over 60 years, dead at 83: ‘True giant in our industry’

Art Cashin, UBS’ director of floor operations at the New York Stock Exchange who spent more than 60 years on Wall Street, has died aged 83.

“It is with a heavy heart that I inform you of the passing of Arthur Cashin, Jr., a true giant in our industry, highly regarded market pundit,” Bill Carroll, head of sales and development at UBS Wealth Management USA, said in a memo to employees which was seen by Reuters on Monday.

Cashin, dubbed ‘Wall Street’s version of Walter Cronkite’ by The Washington Post, was a regular on CNBC, delivering stock market commentary and analysis to the business news channel’s viewers for more than 25 years.

He began his business career at Thomson McKinnon in 1959. In 1964, at age 23, he became a member of the NYSE and a partner of P.R. Herzig & Co.

In 1980, Cashin joined investment bank PaineWebber and managed their floor operation. PaineWebber was acquired by UBS in 2000.

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