John Edward McGinty
John Edward McGinty | |
|---|---|
| Born | 1946 St. Louis, Missouri, U.S. |
| Died | Error: Need valid birth date (second date): year, month, day Tufts Medical Center, Boston, Massachusetts, U.S. |
| Occupation(s) | Securities analyst, investment banker |
| Years active | 1970–2011 |
| Known for | Leading rankings in securities analysis; facilitating $8.8 billion Bucyrus acquisition by Caterpillar Inc. |
John Edward McGinty (1946 – October 14, 2011) was a prominent American securities analyst and investment banker who operated primarily in New York City and Chicago between 1970 and 2011. He began his career specializing in farm and construction equipment sectors before broadening his expertise to include engineering and construction industries, consistently achieving leading rankings. McGinty launched his professional journey at H. C. Wainwright and Company after completing business school, spent three and a half decades at Credit Suisse First Boston, and finished his career as a senior advisor focused on mergers and acquisitions within UBS’s Chicago investment banking division.
Early years
McGinty was born in 1946 in St. Louis, Missouri as the sole son among six siblings. His father held the position of vice president of marketing at Ralston Purina Company. He graduated from Kirkwood High School in 1964, obtained a bachelor’s degree in political science from Northwestern University in 1968, and earned an MBA from the University of Chicago in 1970. Additionally, he served as a chaplain’s assistant while enlisted in the U.S. Army reserves.
Career
Upon completing his education, McGinty started working at H. C. Wainwright located in New York City. After the firm was acquired by Weeden and Company and subsequently shut down in 1978, he transitioned to First Boston, where he advanced to managing director by 1985. He retained this position after moving to Boston, Massachusetts when his wife accepted an academic role at Harvard University.
In 2006, McGinty retired from Credit Suisse and joined the mergers and acquisitions team at UBS in Chicago as a senior advisor. In this capacity, he guided junior analysts and worked closely with industry expert Cary Kochman. Among his significant contributions was facilitating the $8.8 billion acquisition of Bucyrus by Caterpillar Inc. in 2010.
As a Certified Financial Analyst and active member of the New York Society of Security Analysts, McGinty frequently spoke at industry events such as those organized by the National Machine Tool Builders Association. He was recognized on the Institutional Investor All-American Research Team for 31 of its initial 33 years, securing the top spot in 1988. From 1995 onward, he consistently ranked highly within engineering and construction categories according to Greenwich Review assessments.
Personal
McGinty was married to Sarah Elizabeth Myers, an educator and author hailing from Maplewood, New Jersey. Together they had three children: John William McGinty, Sarah Neill McGinty, and William Hale McGinty. Passionate about golf, he also established the first girls’ soccer league in Montclair, New Jersey. His community involvement extended to serving on the vestry of St. James Episcopal Church. He held trustee positions at Salve Regina University, where he funded a history lecture series, as well as at Goddard House in Brookline, Massachusetts. McGinty passed away on October 14, 2011, at Tufts Medical Center due to complications related to multiple myeloma.