Macrae Sykes (1910 - October 13, 1996) was an American financier who served as chairman of the

American Stock Exchange NYSE American, formerly known as the American Stock Exchange (AMEX), and more recently as NYSE MKT, is an American stock exchange situated in New York City. AMEX was previously a mutual organization, owned by its members. Until 1953, it was known ...

in the 1960s.

Early life and education

Sykes was born in

Bayside, Queens Bayside is a neighborhood located in the New York City borough of Queens. It is bounded by Whitestone to the northwest, the Long Island Sound and Little Neck Bay to the northeast, Douglaston to the east, Oakland Gardens to the south, and Fr ...

, and graduated from

Columbia University Columbia University in the City of New York, commonly referred to as Columbia University, is a Private university, private Ivy League research university in New York City. Established in 1754 as King's College on the grounds of Trinity Churc ...

in 1933. His grandfather was Major General

George Sykes George Sykes (October 9, 1822 – February 8, 1880) was a career United States Army officer and a Union general during the American Civil War. He graduated from the United States Military Academy in 1842, and served in numerous conflicts, ...

, who commanded the

V Corps 5th Corps, Fifth Corps, or V Corps may refer to: France * 5th Army Corps (France) * V Cavalry Corps (Grande Armée), a cavalry unit of the Imperial French Army during the Napoleonic Wars * V Corps (Grande Armée), a unit of the Imperial French Arm ...

in the

Army of the Potomac The Army of the Potomac was the primary field army of the Union army in the Eastern Theater of the American Civil War. It was created in July 1861 shortly after the First Battle of Bull Run and was disbanded in June 1865 following the Battle of ...

and fought in the

Battle of Gettysburg The Battle of Gettysburg () was a three-day battle in the American Civil War, which was fought between the Union and Confederate armies between July 1 and July 3, 1863, in and around Gettysburg, Pennsylvania. The battle, won by the Union, ...

and he is also descendant of James Sykes, who represented the state of

Delaware Delaware ( ) is a U.S. state, state in the Mid-Atlantic (United States), Mid-Atlantic and South Atlantic states, South Atlantic regions of the United States. It borders Maryland to its south and west, Pennsylvania to its north, New Jersey ...

in the

Continental Congress The Continental Congress was a series of legislature, legislative bodies, with some executive function, for the Thirteen Colonies of British America, Great Britain in North America, and the newly declared United States before, during, and after ...

and James Sykes, Jr., a former

Governor of Delaware A governor is an administrative leader and head of a polity or political region, in some cases, such as governors-general, as the head of a state's official representative. Depending on the type of political region or polity, a ''governor'' ma ...

. He was captain of the varsity crew team at Columbia. A sailor, Sykes also partook in the 1937

Star World Championship The Star World Championship are international sailing regattas in the Star class organized by the International Star Class Yacht Racing Association and sanctioned by World Sailing. American sailor Lowell North has won the most titles, with fi ...

and helped financed the United States team in the 1970 America's Cup.

Career

He joined Halsey, Stuart & Co. in 1934 and was named a senior partner. In 1977, he became a director of Bache & Co. He was a governor of the

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...

and a governor as well as chairman of the American Stock Exchange, a post he was named to in February 1968. A vice chairman of the American Stock Exchange, Sykes was the first non-floor member named to the post.

Personal life and family

Sykes was a resident of

East Hampton, New York East Hampton is a Administrative divisions of New York#Town, town in southeastern Suffolk County, New York United States. It is located at the eastern end of the South Shore (Long Island), South Shore of Long Island. It is the easternmost town i ...

, and

Delray Beach, Florida Delray Beach is a city in Palm Beach County, Florida, United States. The population of Delray Beach as of April 1, 2020, was 66,846 according to the 2020 United States census, 2020 United States Census. Located in the Miami metropolitan area, De ...

. He died in a nursing home in

Southampton, New York Southampton, officially the Town of Southampton, is a town in southeastern Suffolk County, New York, partly on the South Fork of Long Island. As of the 2020 U.S. census, the town had a population of 69,036. Southampton is included in the stre ...

on October 13, 1996. His brother, James Ware Sykes, was the chairman of the advertisement company, Sawyer Ferguson Walker. His grandson, Macrae Sykes, is a portfolio manager with

Gabelli Funds Mario Joseph Gabelli (born June 19, 1942) is an American stock investor, investment advisor, and financial analyst. He is the founder, chairman, and CEO of Gabelli Asset Management Company Investors (Gamco Investors), an investment firm headqua ...

References

{{DEFAULTSORT:Sykes, Macrae 1996 deaths American financiers American investment bankers New York Stock Exchange people People from Bayside, Queens Columbia Lions rowers