Carolinas Entrepreneur Hall of Fame: Hugh McColl Jr.
Queens University of Charlotte inducted former Bank of America Chairman and CEO Hugh McColl Jr. (BSBA ’57) into their Carolinas Entrepreneur Hall of Fame in November 2014.
Queens’ McColl School of Business, named in honor of the banker, established the Hall of Fame in 2010 to honor individuals whose legacies continue to shape today’s business and economy throughout the Carolinas and beyond. The Hall of Fame gives the McColl School and Queens the opportunity to thank entrepreneurs who have made lasting contributions and laid the groundwork for major business sectors in the region. Honorees must display a 10-year track record of leadership in the business they founded and show a positive impact on communities in the Carolinas.
McColl’s induction is based on the investment bank he launched and the private equity firm he co-founded — both after leaving Bank of America. McColl retired as Bank of America’s chief executive in 2001. He later launched an investment bank called McColl Partners and co-founded the private equity firm Falfurrias Capital Partners.
For more information, see these related stories:
- The Entrepreneur Leadership Circle holds its 2014 Hall of Fame induction event
- Hugh McColl to be inducted into Carolinas Entrepreneur Hall of Fame
Hugh L. McColl Jr. Legacy Award: David Carroll
The 8th annual McColl Legacy Award was presented to David Carroll (BSBA ’79) at the 2014 Charlotte Alumni Reception.
UNC Kenan-Flagler Charlotte Alumni Club leaders created the award in 2006 to honor the legacy of alumnus Hugh McColl Jr. Each year the award recognizes an individual who has provided visionary and transformational leadership that has impacted the city of Charlotte in a meaningful way.
Carroll leads the Wealth, Brokerage and Retirement unit at Wells Fargo. Nearly 35,000 team members in this unit provide wealth management, private banking, brokerage, trust, family wealth, reinsurance and retirement services to clients in all 50 states. His group manages and administers $1.6 trillion in client assets, including $165 billion in deposits, and holds $50 billion in loans.
Carroll is a financial services veteran with more than 34 years in the industry. He joined Wachovia Bank & Trust Company in 1979 and then First Union National Bank (Wachovia’s predecessor) in 1981.