Last week UBS announced that Art Cashin‚ the companyʼs NYSE floor operations director died at 83; his market knowledge made him a well-known figure in financial circles
In a note to staff UBS wealth management USA head Bill Carroll wrote about Cashinʼs passing - calling him “a true giant in our industry“ (the exact time and details of death werent provided)
Born in Jersey City back in ʼ41‚ Cashin started at Thomson McKinnon around the late 50s; becoming an NYSE member and P.R. Herzig & Co partner when he was just 23 years old. His career path led him to PaineWebber - which later became part of UBS in early 2000s
His influence spread through various channels:
- Daily newsletter reaching 100k+ readers
- Regular CNBC market analysis segments
- NYSE floor governor position
- Leadership in NYSE Fallen Heroes Fund
The trading community knew Cashin for his unique mix of market insights and fun facts in his daily notes. At Bobby Vans Steakhouse in Manhattan heʼd often meet friends after market close - his usual Dewars on ice waiting at his spot. His famous White-castle burger stuffing recipe became a pre-thanksgiving tradition for many traders
Its fair to say Art Cashin became a household name for investors across the country who benefited from his savvy insight on the markets good humor and wit