David A. Hinson was appointed National Director of the Minority Business Development Agency on July 15, 2009. He oversees the agency’s five regional branches and 48 business bureaus, which offer support services to minority businesses. In 2009, the agency executed almost $3 billion in contracts and financing.

 

Born and raised in St. Louis, Missouri, Hinson earned his BBA in Insurance/Finance, cum laude, from Howard University in Washington, D.C. In 1987 he received an MBA in Finance from the University of Pennsylvania Wharton School. He was awarded a certificate in International Business with honors at the Stockholm School of Economics in Sweden, and a French studies certificate with honors from the University of Abidjan in Ivory Coast, West Africa.

 

Hinson was recruited by Morgan Stanley and Company, where he held a senior-level position in its Private Client Services unit. He then served in the real estate and corporate finance divisions of First Chicago Bank(Bank One).

 

As Vice-President and Senior Investment Officer at Bank of America, Hinson oversaw a sales force that generated millions of dollars in new client assets. At the Village Foundation, he worked as Chief Financial Officer in the management of a $10-million endowment fund.

 

Since 1991, markets for which Hinson provided financial consultation have included hair care, entertainment, real estate and communication.

 

In January 2000, Hinson went on to serve as Director of Advisory Services at Envestnet Asset Management, a privately-held financial services operation with more than $17 billion in assets. In that post, he oversaw a 10-state sales network, advising clients in technology, product applications, portfolio creations and investment allocations. During his three-year stint at Envestnet, Hinson also acted as Managing Director of Business Development.

 

Upon his departure from Envestnet in December 2002, Hinson founded Wealth Management Network, Inc.,a New York-based financial advisory firm for which he served as President and CEO.

 

Hinson is a member of the National Association of Black Journalists, the Chicago Council on Foreign Relations, the Foreign Policy Association, and has been a member of the board of directors and the treasurer and chair of the Audit Committee of the Council of Urban Professionals in New York. He has written financial articles for The Network Journal, Essence, and Black Enterprise magazines.

-Danny Biederman

David Hinson on How to Buy a House (video interview on Black Enterprise, Wealth for Life)