The Honorable Carole L. Brookins, one of Wall Street’s pioneering female executives, founder of The First Alliance Foundation and a former executive director to The World Bank, died on Monday, March 23, 2020, in Palm Beach, Florida. She was 76. The cause of death was complications from coronavirus.
A cum laude graduate of the University of Oklahoma, Ms. Brookins began her career in finance as a trainee underwriter of municipal bonds in Chicago at A.G. Becker & Company. At a time when few women worked in financial services, she earned less than half the salary of a male trainee, but that was no deterrent. She was soon hired as a market reporter at the Chicago Board of Trade, and from there, she came to the attention of the nation’s second-largest stock brokerage firm, E.F. Hutton. In the 1970s, she rose to become E.F. Hutton’s Vice President of the Commodity Department.
In 1980, Ms. Brookins left Wall Street to create World Perspectives, a Washington, D.C.-based agricultural market analysis and consulting firm, in part to address what she saw as an information gap between policymakers and traders during the grain embargo against the Soviet Union. Because of her intellect and spunk, she was in high demand throughout her life-giving public speeches and providing valuable insight. And, she attracted Washington’s most powerful as headliners at the annual conferences she would orchestrate.
Ms. Brookins served from 2001 to 2005 as The World Bank Group Executive Director representing the United States. She earned praise for her interactions with many board members from developing nations as well as her work with members of senior management at the International Monetary Fund.
She also contributed to many corporate and nonprofit boards, holding seats at the American Financial Exchange (AFX) Board of Directors, Center for Financial Stability (CFS) Boards of Trustees and Advisors, Nieuw World Capital Management’s Advisory Board, the AIM-listed holding company Climate Exchange plc (CLE) and the Chicago Climate Exchange (CCX), as Chairman of the North American Advisory Board of NTR plc, member of the Rabobank North America Agribusiness Advisory Board, and a trustee of E-4 Impact-a UK-based non-profit that accelerates African energy access through small to mid-sized enterprise. She also served on the U.S. President’s Export Council and State Department Advisory Committee on International Economic Policy. She was a life member of the Council on Foreign Relations.
Ms. Brookins’ passion for France and history led her to establish the First Alliance Foundation (TFA) in 2018 to advance shared strategic goals and build confidence and bilateral camaraderie among the U.S. and French military leaders. She continued to lead that organization until her death. In its first year of operation, the TFA awarded its first grants to coincide with commemorations of the 75th anniversary of the Liberation of Paris (August 1944) to enhance the French-American strategic alliance for the common benefit. Ms. Brookins was especially proud of TFA’s bilateral thought-leadership exchanges between current and future French and American senior military leaders. Ms. Brookins was awarded the Merit Agricole by the Government of France and honored as Woman of the Year by the Organization of Women in International Trade.
Ms. Brookins was predeceased by her parents, Charles H. and Rebecca A. Glueck, and sisters, Rachel Glueck and Anne Glueck Friedman. She is survived by many close friends and godchildren around the world who love her dearly. A celebration of her life will follow.
Center for Financial Stability
1120 Avenue of the Americas, 4th floor
New York, NY 10036
1 212 626 2660