Art Cashin, a long-standing fixture at the New York Stock Exchange, has passed away at the age of 83. Known for his immense experience and understanding of financial markets, Cashin influenced market trends for over half a century.
Born in New Jersey in 1939, Cashin began his career in finance with Thomson McKinnon in 1959. He then moved on to Paine Webber in 1980. Recognized for his market acumen and his larger-than-life personality, Cashin quickly made an impact on the New York Stock Exchange floor. He became a managing director of UBS Financial Services in 2000 when Paine Webber was bought by UBS AG. His wisdom and experience led him to become the Director of Floor Operations at UBS Financial Services Inc.
Passionate about the stock exchange history, Cashin often shared his knowledge through interviews and public produces. Known for his ‘Cashin’s Comments’, a daily note that he sent to colleagues and clients explaining what was happening in the markets, Cashin played a pivotal role in disrupting financial markets to become more agile and responsive.
Wall Street colleagues admired Cashin as a mentor and a gentleman who exemplified integrity, professionalism, and an inclusive leadership style. His loss is deeply felt by many in the financial world, who appreciated his wise counsel and his affable, approachable style.
His significant contributions to the financial world were recognized by various awards, including the New York Stock Exchange’s lifetime achievement award. Despite his achievements, Cashin remained humble, viewing his role as one of service to his clients and the wider financial community.
Apart from his financial career, Cashin had an enormous love for history. He was especially intrigued by the history of Wall Street and the New York Stock Exchange.
Art Cashin will be missed by all who knew him, as a seasoned professional, a mentor, and a friend. His passing is a significant loss for the world of finance, but his impact and legacy will continue to inspire and guide generations to come.
