Sally Lloyd, an early woman on Wall Street who worked as an equity sales trader and rose to managing director at Smith Barney, has died. She was 64.
She died on Nov. 11, according to a death notice in The New York Times. The cause was cancer. She lived in New York City, Bridgehampton and Vero Beach, Fla.
The daughter and granddaughter of banking executives, Lloyd pursued a Wall Street career after an upbringing that included being presented at the 1966 Debutante Cotillion in Morristown, N.J.
As a secretary in Smith Barney's institutional sales research department, she applied for a job on the sales-trading desk in the early 1970s, a time when "there were minimal ladies in that end of the business," recalled Jacques Theriot, who ran equity sales trading at the time and chose Lloyd from the pool of 10 to 12 young applicants.
"She developed into a first-rate sales trader handling responsibility of execution for a variety of small and major investing accounts," Theriot said yesterday.
He said Lloyd was the primary trader for the state of Florida's account, backup for Citicorp's account, and shared responsibility with him for T. Rowe Price Group Inc. They sat next to each other on the sales desk.
Theriot estimated that Lloyd became one of about 25 female managing directors at Smith Barney, out of about 250 people with that title.
"She was really one of the best operatives and sales traders, in my opinion, one of the better on the street, certainly at Smith Barney," he said. "She got to a senior level of responsibility and account coverage, and was great with young gals coming in to what had certainly been a man's business."