The Investment Banking Journey of Frank Jordan Hawley Jr.: A Career Spanning Decades

From a young age, Frank Jordan Hawley Jr. displayed a strong enthusiasm for the details of investment banking. This passion laid the foundation for a remarkable career that has spanned several decades. In this post, we explore Mr. Hawley’s professional journey, focusing on his contributions and the lessons he has learned along the way.

Early Career: Laying the Foundation

Mr. Hawley's career began in 1955 when he joined Eaton & Howard, Inc. as a research analyst. For four years, he immersed himself in financial analysis and investment tactics. This role was critical in helping him develop the analytical skills needed to evaluate market trends and investment opportunities. For instance, during his time there, he worked on research that influenced investment strategies for corporations, impacting decisions worth millions.

His transition to Lazard Frères marked a pivotal moment in his career. From 1959 to 1964, he served as an investment banking associate, providing advisory services that significantly shaped client financial strategies. His work included helping to facilitate the merger of two major firms, which resulted in a combined market value increase of over 15%. This experience expanded his professional network and solidified his reputation in the investment banking community.

Ascending the Ranks: Growth and Opportunity

After Lazard Frères, Mr. Hawley became a portfolio manager at Stein, Roe & Farnham. This five-year period from 1964 to 1969 was crucial for shaping his investment philosophy. He managed a diverse portfolio that included equities, fixed income, and alternative investments. This exposure taught him the importance of asset class diversification, allowing him to navigate downturns with greater ease—his portfolio outperformed the S&P 500 by 3% during a challenging market period.

In 1969, he took on the role of Executive Vice President at Laidlaw Coggeshall, Inc., serving until 1974. Here, Mr. Hawley managed a team responsible for overseeing investments worth over $150 million. His leadership skills were evident as he guided the firm through a time of economic change, achieving a 20% return on investments—a notable feat during that era.

A New Venture: Saugatuck Capital Co.

A defining chapter of Mr. Hawley’s career began in 1982 when he founded Saugatuck Capital Co. in Stamford, Connecticut. His vision was clear: to create a firm that could identify and invest in growth opportunities. With support from industry leaders like Bill Grant, former president of Smith Barney & Company, he successfully raised $28 million for his first venture capital fund. This fund was instrumental in launching several successful startups, contributing to the economy by creating jobs and fostering innovation.

At Saugatuck, Mr. Hawley served as Managing Partner, guiding the firm through various economic cycles. One of his significant contributions was leading the investment in Floor & Décor Outlets of America, Inc., where he took on the role of Chairman of the Board. Under his guidance, the company eventually grew to operate more than 120 locations, with an annual revenue exceeding $1 billion.

Legacy and Advisory Role

As he transitioned into retirement, Frank Jordan Hawley Jr. continued to serve as a senior advisor at Saugatuck, sharing invaluable insights from his extensive experience. His son, Stuart, now manages the company, ensuring that Mr. Hawley’s principles are upheld.

Mr. Hawley’s commitment to fostering the next generation of financial leaders is evident. He has served on the Board of Visitors for the University of North Carolina at Chapel Hill and held positions such as Vice President and Treasurer of the New Canaan YMCA. His dedication to mentorship and community involvement is widely recognized in the financial sector.

Personal Life and Commitment to Service

Beyond his impressive professional achievements, Mr. Hawley has shown commitment to his country. He served as a Lieutenant (JG) in the United States Navy during the Korean War, reflecting his dedication and bravery. A proud father of five and grandfather of nine, family values play a significant role in his life.

Recognition has followed Mr. Hawley throughout his career, with multiple appearances in Who's Who publications from 1987 to 2014. He has a solid academic foundation, holding a BS in physics from the University of North Carolina and an MBA from Harvard, which have undoubtedly contributed to his analytical approach in finance.

Key Lessons from Mr. Hawley’s Journey

Frank Jordan Hawley Jr.’s journey in investment banking serves as an inspiring blueprint for aspiring financiers. His career highlights the importance of continuous learning, adaptability, and a strong commitment to ethical practices in finance.

As the investment landscape changes, Mr. Hawley’s experience shows us that success is built on solid foundations, strategic relationships, and adherence to personal principles. Future investment bankers can draw inspiration from Mr. Hawley’s story—one that exemplifies tenacity, innovation, and a passion for excellence in finance.

In conclusion, Frank Jordan Hawley Jr.’s career offers valuable lessons, not just for those in investment banking, but for anyone looking to leave a significant mark in their professional journey.