The idea to raise $15 million for Maggie Hathaway course was born in 2000
By Kenneth Miller, Publisher
Fred Terrell grew up on 92nd and Avalon not too far from Maggie Hathaway’s golf course at Jesse Owens Park on Western Ave. and Century Blvd. in South Los Angeles that became the center of attention during the week the United States Open major golf event will be held for the first time at the Los Angeles Country Club (LACC).
“The expectation back then was to stay around the neighborhood, but a lot of friends were drafted away to Vietnam and never came back,” Terrell recalled.
Terrell’s father toiled as a janitor at Boys Market until the family moved to La Puente where he would evolve, graduate from Laverne College where he served as student body president before launching a successful career on Wall Street.
However, he never forgot where he came from which is why in 2000 as a member of the prestigious and private LACC he came up with the idea to do something and give back.
“I suggested to make an investment in the Black community,” he demanded.
Terrell was asked to be a member of the U.S. Open Committee. He was a long standing member of LACC, for more than 20 years.
The original concept to raise $15 million to support junior golf was that of none other than Fred Terrell.
Of course, there was other collaborators such as the Southern California Golf Association, the USGA and U.S. Open host Los Angeles Country Club.
But without the foresight of one who knew what it was like to live in communities such as where Maggie Hathaway Golf Course is located, such an idea for the predominantly white sport such as golf would have likely not materialized.
Terrell, a graduate of Yale School of Management, became one of the first Black partners on Wall Street in 1992.
In 2020 he joined Centerbridge as a Senior Advisor and focuses on investments in the financial services and technology, media, and telecommunications sectors. Prior to joining, he was an Executive Vice Chairman of Investment Banking and Capital Markets at Credit Suisse and was responsible for many of the bank’s global relationships.
Terrell also was a member of Credit Suisse’s Investment Banking Committee, its Managing Director Promotion Committee, and the Board of Trustees of the Credit Suisse America’s Foundation. Prior to Credit Suisse, Fred was a Managing Director and Head of Mortgage Finance at CS First Boston where he began his career as an Associate.
In addition, Terrell was the Founder and Managing Partner of Provender Capital Group, LLC, which made private equity investments in emerging growth-oriented companies on behalf of major institutional investors.
He currently serves on the Board of Directors of BNY Mellon Corporation, Computer Services, Inc. (CSI), Paramount Pictures Corporation, and Mobility Capital Finance Inc. (MoCaFi) and is a member of the Investment Committee of The Rockefeller Foundation and is a former member of the Board of Directors of the New York Life Insurance Company, Wellchoice, Inc. (Formerly Empire Blue Cross Blue Shield) and Carver Bancorp.
For many years he served as member of the University Council of Yale University and on the Board of Advisors for the Yale School of Management.
Moreover, Terrell is currently on the Board of the Partnership Fund for New York City, Planet Word museum, and the Kaiser Family Foundation, as well as a member of the Economic Club of New York City and Council on Foreign Relations (CFR).
With degrees from La Verne College (B.A.), Occidental College (M.A.) and
Yale University (M.B.A.), Terrell is a proven example of what can be achieved with hard work and sacrifice.
Throughout his career he has befriended the likes of Elbert T. Hudson whose father founded Broadway Federal Bank and he has worked in civic government with the late Los Angeles City Councilman David Cunningham.
