Professionals on Campus - Top Banking and Securities Executive
Moderated by Steven Leventhal, Professor, BALA
Michael Minikes í65, Managing Director, Investor Client Management, is Chairman and President of JP Morgan Clearing Corp., the clearing and processing entity of JP Morgan. Mr. Minikes began his business career at the CPA firm of Spicer & Oppenheim where he became a partner in 1972, specializing in that firmís securities industry practice. While there, he played an active role in the development of federal securities regulations affecting broker-dealer financial requirements and became widely known for his expertise in that field.
Upon joining Bear Stearns in 1978, Mr. Minikes soon became a general partner and then a senior managing director when Bear Stearns incorporated and went public in 1986. He was a member of the firmís Board of Directors, and Operations Committee. He served as Treasurer of The Bear Stearns Companies until January, 2008, when he became CEO of Bear Stearns Securities Corp.
Mike is associated with having helped build Bear Stearnsí extensive prime brokerage and broker-dealer correspondent clearing network, and in bringing the company into the ďbankingĒ business, including with respect to the activities of Custodial Trust Company, Bear Stearns Bank affiliate, now part of JP Morgan Chase Bank NA. He was instrumental in establishing Bear Stearns Securities Corp. in 1991. He is a former member of the Board of Directors of Depository Trust Company and the Securities Industry Automation Corp., and past Chairman of the Securities Industry Association Capital Committee.
He is active in a host of charitable and community activities. Mr. Minikes is Senior Vice Chairman of the Boards of Trustees of Mount Sinai Medical Center, trustee and the former chairman of the Queens College Foundation, a member of the City University Business Leaders Council, and a member of the UJA Wall Street Division Steering Committee, in addition to many other organizations.
Mr. Minikes is a graduate of Queens College (1965) and attended the NYU Graduate School of Business. He resides in Manhattan with his wife Cheryl. They have two grown children and four grandchildren.
April 29, 2013
65-30 Kissena Boulevard