BRADENTON, Fla. — Atlanta-based Jackson Securities LLC president and chief executive officer Reuben McDaniel 3d announced his resignation Monday.
A successor has not been named.
McDaniel, 48, had led the investment banking firm since 1999. It was established 12 years earlier as a minority-owned firm by former Atlanta Mayor Maynard Jackson, who died in June 2003.
"I have enjoyed a decade of service for a legacy firm that was started by Mayor Jackson," McDaniel said in a statement.
McDaniel resigned to pursue other opportunities in the area of public finance and financial business services and expects to make an announcement by Labor Day regarding his next venture, said his spokesman, Jeff Dickerson.
"I intend to fulfill a mission that Mayor Jackson and I shared back in 1999," McDaniel said.
McDaniel said he has 23 years of experience in financial services and was named one of Black Enterprise Magazine's "75 Most Influential African-Americans on Wall Street."
He serves on the Atlanta Board of Education and recently received the Whitney M. Young award from the Atlanta Area Boy Scouts for Outstanding Community Service.
Jackson Securities merged with Chicago-based, minority-owned Berean Capital in 2005.
The firm was acquired by Atlanta Life Financial Group in 2007. Atlanta Life could not be reached for comment about when a successor to McDaniel would be named.