Art Cashin, a floor operations director at New York Stock Exchange's UBS who spent more than 60 years on Wall Street, has died at the age of 83.
“It is with heavy hearts that we announce the passing of Arthur Cashin Jr., a true giant in our industry and a highly regarded market commentator,” said Bill, Head of Sales and Development, UBS Wealth Management USA.・Mr. Carroll said. A memo to employees was obtained by Reuters on Monday.
Dubbed “Wall Street's Walter Cronkite'' by the Washington Post, Mr. Cashin is a regular on CNBC, providing stock market commentary and analysis to the business news channel's viewers for more than 25 years.
He began his business career in 1959 with Thomson McKinnon. In 1964, at the age of 23, he became a member of the New York Stock Exchange and a partner at PR Herzig & Co.
In 1980, Kassin joined investment bank Paineweber, managing floor operations. PaineWebber was acquired by UBS in 2000.
At the time, the New York Stock Exchange floor was home to the majority of all trading activity in the United States.
Mr. Cashin is one of three senior executive floor governors and also served as a member of the Bond Club of New York. He was also a member of the high IQ organization Mensa.
In addition to his role at UBS, he is also known for his daily newsletter, Cashin's Comments, which has been published for over 25 years and reaches more than 100,000 readers each day. He has also been a regular on CNBC's segment Art Cashin on the Market, which airs several times a week, for more than 20 years.
“During this time, Art Cashin has become one of UBS's strongest brand ambassadors, while becoming a household name for investors across the country, endowed with market acumen, humor and wit.” No doubt about it,” the memo said. .
Mr. Cashin was born in Jersey City, New Jersey, in 1941, according to CNBC, which first reported his death.
CNBC did not respond to Reuters' request for comment. Kashin's family could not be reached for comment.
