Updated July 7 at 3:07pm

Pioneer adviser eager to mentor next generation

Carol Nulman was one of the few women to succeed in the male-dominated world of high finance on Wall Street in the 1970s. “I had 125 men around me who thought I’d fail,” she said of her early days as the only female broker at Lehman Brothers Kuhn Loeb in Manhattan.

To continue reading this article, please do one of the following.



Sign up to receive Providence Business News' newsletters
and breaking news alerts.  

BUSINESS WOMEN

Pioneer adviser eager to mentor next generation

Posted:

Carol Nulman was one of the few women to succeed in the male-dominated world of high finance on Wall Street in the 1970s. “I had 125 men around me who thought I’d fail,” she said of her early days as the only female broker at Lehman Brothers Kuhn Loeb in Manhattan.

She still is breaking ground here in Providence through her work as a mentor, her pro-bono efforts for nonprofit organizations – perhaps most significantly of all – as managing director of the local office of Oppenheimer & Co. Inc., located in the city’s Financial District.

At Oppenheimer, where Nulman has worked since April 2009, she and her six-member team manage a total of $600 million for national and international clients, both individuals and institutions. It is a responsibility she feels keenly.

“I [exercise] seven days a week,” she said. “It’s a necessity. It’s not out of vanity or trying to get to a size six. It’s my release. You can’t be under this kind of stress without a release.”

Actually, stress is something that Nulman has always lived with, since those days in the late 1970s when she was recruited by the Xerox Corp. in New York City after receiving a Boston University bachelor’s degree in finance and marketing. Within six months of her hiring as a young college grad, she was “fast-tracked” and promoted, she said.

When Lehman Brothers in Manhattan called to recruit her, Nulman was not interested and only agreed to an interview because her father, the late Saul Nulman, urged her to do so. “He was my biggest cheerleader,” she said. Lehman Brothers hired her on the spot and doubled her salary. She was one of 12 Lehman recruits from high-tech companies at the time, 11 men and Nulman.

27~09, 06412 BUSINESS WOMEN, carol nulman, oppenheimer & co., wall street, lehman brothers, Xerox, investment adviser, pioneer in finance, smith barney, . Wheeler school, mentor, pro bono, investing, financial services, 27~09, 2012BizWomExport.pbn
Next Page

Comments

1 comment on this story | Please log in to comment by clicking here
Please log in or register to add your comment

Congratulations on surviving Wall Street in the 1970's. Some people may not have an appreciation for what you accomplished, but as a former "street guy" I am impressed. Good luck in the future.

mgriley

Tuesday, June 19, 2012 | Report this
Latest News