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As National Director of the Minority Business Development Agency (MBDA), a bureau within the United States Department of Commerce, Mr. Hinson oversees a national network of 40 MBDA Business Centers, including centers in Alaska, Hawaii and Puerto Rico and the first of its type Federal Procurement center located in Washington DC. MBDA’s core mission is to expand the U.S. economy and create new jobs by promoting the growth and global competitiveness of large, medium and small businesses that are minority-owned.
Since the start of the Obama Administration, MBDA has assisted minority-owned firms in obtaining nearly $15 billion in contracts and capital, creating and saving over 33,000 jobs. Under his leadership, MBDA has experienced the three best performing years in the 44-year history of the Agency.
Prior to joining the Obama Administration as a presidential appointee, Mr. Hinson was President and CEO of Wealth Management Network, Inc., a multi-million dollar independent, financial advisory boutique where he provided global asset management and risk management services to high net worth and emerging wealth clients. Prior to this position, Mr. Hinson managed a 10-state sales region as Director of Advisory Services and Managing Director of Business Development for Envestnet Asset Management, a publicly traded, $70 billion financial advisory firm.
In addition, Mr. Hinson previously held a number of senior-level and mid-management positions at Bank of America, Morgan Stanley, First Chicago (now JP Morgan Chase) and The Village Foundation. Mr. Hinson has been featured on CNN, Fox News Channel, The BE Report and CBS News for his wealth management and financial planning commentary, and was a wealth management columnist for the Network Journal.
Mr. Hinson holds an MBA in Finance from Wharton School, University of Pennsylvania, and a BBA in Insurance and Finance with honors from Howard University in Washington, DC. In addition, Mr. Hinson completed a fellowship in International Finance with honors from the Stockholm School of Economics and graduate-level studies in French with honors at the University of Abidjan, in Ivory Coast, West Africa.
Mr. Hinson is a native of St. Louis, MO., and currently resides in Washington, DC.
National Director David Hinson Official Photo (High Resolution)