October 20, 2010

Mayor Daley Appoints Martin Cabrera Jr. To City Colleges Board And Recommends He Be Named Chair

Mayor's Press Office    312.744.3334

Mayor Richard M. Daley today appointed Martin Cabrera, Jr. to the City Colleges Board of Trustees and recommended that the Board elect Cabrera its Chair. Cabrera would fill the position vacated by Gery Chico who resigned from it last week. 

Cabrera, 39, is the founder and chief executive officer of Cabrera Capital Markets and Cabrera Capital Partners, and has been involved in the financial services industry for more than sixteen years. Cabrera Capital Markets is one of the largest Hispanic financial services firm in the country.

“I believe that Martin Cabrera brings a great perspective, and the leadership and management experience needed to implement the reinvention plan that Cheryl Hyman and Gery Chico have been working to develop,” said Mayor Daley. “The mission of Chicago's City Colleges must be updated to meet the economic challenges of today and tomorrow and Martin has the financial background and expertise to do that.”       

Currently, Cabrera serves on the boards of the New America Alliance and as Co-Chair of the Pension Fund Initiative; the United States-Spain Council; Cabrera has also been a member of several organizations that focus on assisting young people with education and career advancement including: the (YPO) Young President’s Organization; the Erikson Institute; Roosevelt University; Illinois Legislative Latino Caucus Foundation; The Partnership for New Communities, ECON Illinois Governing Board; ASPIRA Inc., of Illinois, Chicago Summer Business Institute, and the General Woods Boys & Girls Club.

Cabrera is also an active sponsor of the Stock Market GameTM, a nationwide program that teaches financial literacy and the operations of capital markets to students in grades 4-12. His involvement enables more than 60,000 students in Illinois, New Mexico, Texas, Philadelphia and New York to participate in the program.

This year Cabrera received the 2010 Latino Leaders Maestro Award for leadership in the category of Professional Achievement and was named one of the “Top 100 Influentials” by Hispanic Business magazine. 

“My parents instilled in me a passion for education and I look forward to being able to contribute to the reinvention and the future of the City Colleges of Chicago,” said Martin Cabrera, Jr. “I was fortunate to have mentors and role models who helped guide me throughout my life, and I believe in the importance of giving back and helping our young people achieve success in life.”

Cabrera is a lifelong Chicagoan and attended Eli Whitney and Marquette elementary schools, and Bogan High School. 

Cabrera holds a Bachelor of Science in Finance from Northern Illinois University and has studied abroad at the London School of Economics.

“As I’ve said before, we must continue to build a public education system that graduates students with the skills and education they need to succeed in life. If our entire education system does not produce that workforce, we can’t compete. And, we'll never establish a solid middle class, which is the key to our city's future. It is as simple as that,” Mayor Daley said.

Cabrera’s appointment to the Board must be approved by the Chicago City Council.
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