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.
A Legacy on Wall Street
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.
A Trusted Market Analyst
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.
Tributes to a Financial Giant
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.
Remembering a Legend
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.
