How James Dondero Is Positioning Highland Capital Management For Success
If you were to ask a casual observer of the financial services industry where the most promising hubs of the banking and investment world are located they would probably say New York City, London, Hong Kong or Paris. Arguably that list isn’t wrong but it’s missing one important component and that is the city of Dallas, Texas. Few people might think of the American South as the next frontier in the world of finance but they are overlooking a bustling financial service sector that is growing in Dallas. Read more at Wikipedia about James Dondero.
While Texas is the home of college football, barbecue and scenic landscapes it also the home of financial services companies like Charles Schwab Corporation, JP Morgan Chase and Liberty Mutual according to the publication Dallas News. The publication notes that the data shows that there is a higher concentration of professionals that work in finance in Dallas than in New York City and the rest of the country. Data from the U.S. Bureau of Labor Statistics showed that Dallas added over 50,000 jobs in the financial services sector over the last seven years. And more jobs are slated to come to the area due to Charles Schwab Corporation’s plans to build a space for more than 1,000 new employees in the Dallas.
In addition to being home to companies like the Charles Schwab Corporation and JPMorgan Chase, Dallas is also where the global headquarters of Highland Capital Management are based. Highland Capital Management is an investment management firm was launched 24 years ago by Mark Okada and James Dondero. The company and its affiliates are responsible for the management of assets that are worth $20 billion. James Dondero serves as the current president of Highland Capital Management and has been a staple in the world of finance for three decades. Learn more about James Dondero at High Yield Credit.
Before Dondero helped to launch Highland Capital Management he worked as an analyst for Morgan Guaranty and for American Express. He was also a Chief Investment Officer at Protective Life. James also made time to sharpen his skills in accounting by studying to become a Certified Management Accountant. His years spent working and studying finance prepared him to launch one of the biggest investment advisors in the Dallas, Texas area.
Today as the financial services industry in Dallas is thriving James Dondero is positioning Highland Capital Management to be a significant, crucial part of the fabric of the sector. What sets Highland Capital Management apart from the other companies that are flocking to Texas is that it is a homegrown investment management firm. These sorts of companies tend to be clustered mostly in New York City while many of the newcomers to Dallas are local offices of large national conglomerates. This distinction sets Highland Capital Management apart from other players in Dallas’ financial services sector.