Macrae Sykes

Macrae Sykes (1910-1996) was an American financier who served as chairman of the American Stock Exchange in the 1960s.^[1]

Macrae Sykes
Born	1910 (1910) Bayside, Queens, United States
Died	October 1996 (aged 85–86) Southampton, New York
Occupation	Financier
Known for	Chairman of the American Stock Exchange from 1968
Relatives	Major General George Sykes was his grandfather, his grandson, Macrae Sykes, is a portfolio manager

Early life and education

Sykes was born in Bayside, Queens, and graduated from Columbia University in 1933.^[2] His grandfather was Major General George Sykes, who commanded the V Corps in the Army of the Potomac and fought in the Battle of Gettysburg and he is also descendant of James Sykes, who represented the state of Delaware in the Continental Congress and James Sykes, Jr., a former Governor of Delaware.^[3][4][5]

He was captain of the varsity crew team at Columbia.^[6][7] A sailor, Sykes also partook in the 1937 Star World Championship and helped financed the United States team in the 1970 America's Cup.^[8][9]

Career

He joined Halsey, Stuart & Co. in 1934 and was named a senior partner. In 1977, he became a director of Bache & Co.^[1]

He was a governor of the New York Stock Exchange and a governor as well as chairman of the American Stock Exchange, a post he was named to in February 1968.^[10] A vice chairman of the American Stock Exchange, Sykes was the first non-floor member named to the post.^[6]

Personal life and family

Sykes was a resident of East Hampton, New York, and Delray Beach, Florida. He died in a nursing home in Southampton, New York on October 13, 1996.^[1]

His brother, James Ware Sykes, was the chairman of the advertisement company, Sawyer Ferguson Walker.^[4][5][11]

His grandson, Macrae Sykes, is a portfolio manager with Gabelli Funds.^[12][13]

References

1. "Macrae Sykes, 86, Wall Street Leader". The New York Times. October 21, 1996. ISSN 0362-4331. Retrieved January 30, 2022.
2. Columbia College (Columbia University). Office of Alumni Affairs and Development; Columbia College (Columbia University) (1972–1973). Columbia College today. Columbia University Libraries. New York, N.Y. : Columbia College, Office of Alumni Affairs and Development.
3. "MacRAE SYKES DEAD.; Was an Engineer in City's Employ for the Last 42 Years". The New York Times. July 8, 1929. ISSN 0362-4331. Retrieved January 30, 2022.
4. "MRS. WALTER COLLINS". The New York Times. October 7, 1970. ISSN 0362-4331. Retrieved January 30, 2022.
5. "Miss Julie Elizabeth Berghold Fiancee of James W. Sykes Jr". The New York Times. December 5, 1971. ISSN 0362-4331. Retrieved January 30, 2022.
6. Vartan, Vartanig G. (December 15, 1967). "Chairman Nominated for Amex; Sykes of Shields Is First Choice Not a Floor Member". The New York Times. ISSN 0362-4331. Retrieved January 30, 2022.
7. "Sport: Rowing". Time. April 27, 1931. ISSN 0040-781X. Retrieved June 30, 2022.
8. "Star Class | History". starclass.org. Retrieved January 30, 2022.
9. Rendel, John (January 23, 1970). "FULL SPEED AHEAD FOR AMERICA'S CUP". The New York Times. ISSN 0362-4331. Retrieved January 30, 2022.
10. Bruchey, Stuart (February 1, 2013). The Modernization of the American Stock Exchange 1971–1989 (Routledge Revivals). Routledge. ISBN 978-1-136-45907-8.
11. "James Ware Sykes, 66, Is Dead; Long a Newspaper Ad Leader". The New York Times. April 17, 1976. ISSN 0362-4331. Retrieved January 30, 2022.
12. "Best on the Street Stock Analysts: Investment Services". The Wall Street Journal. May 25, 2010. ISSN 0099-9660. Retrieved January 30, 2022.
13. "Columbia College Today" (PDF). Columbia College. Spring 2020. Retrieved January 29, 2022.