Art Cashin, a towering figure in the financial world and UBS’ director of floor operations at the New York Stock Exchange (NYSE), has passed away at the age of 83. With a career spanning over six decades, Cashin’s insights and contributions to Wall Street made him a beloved and respected figure.
Born in Jersey City, New Jersey, in 1941, Art Cashin began his illustrious career at Thomson McKinnon in 1959. At just 23, he became a member of the NYSE and a partner at P.R. Herzig & Co. His journey continued at PaineWebber in 1980, where he managed floor operations. When UBS acquired PaineWebber in 2000, Cashin played a pivotal role in maintaining the firm’s strong presence on the NYSE floor, which was the epicenter of U.S. trading activity at the time.
Dubbed “Wall Street’s version of Walter Cronkite” by The Washington Post, Cashin became a household name for investors across the country. His daily newsletter, Cashin’s Comments, reached over 100,000 readers, offering market analysis with a blend of wit and wisdom.
For more than 25 years, Cashin was a regular on CNBC, sharing his insights on “Art Cashin on the Markets,” a segment highly valued by investors.
Bill Carroll, head of sales and development at UBS Wealth Management USA, reflected on Cashin’s impact, stating:
“Art Cashin became a household name for investors, known for his savvy market insight, good humor, and wit. He was one of UBS’s strongest brand ambassadors.”
Cashin was also a senior executive floor governor at the NYSE, a member of the Bond Club of New York, and part of Mensa, showcasing his brilliance beyond the trading floor.
Art Cashin’s death marks the end of an era on Wall Street. He leaves behind a legacy of expertise, humor, and dedication that influenced countless investors and colleagues. His contributions to the financial world will be remembered for generations.
