Founded by A. Duncan Williams, Duncan-Williams, Inc. is privately owned and headquartered in Memphis, TN. After the death of Mr. Williams in 1989, Carolyn Williams became owner of the parent company. Under the leadership of her son, Duncan F. Williams, President of Duncan-Williams, Inc., the firm has taken the national stage, growing from 49 to 169 employees and opening offices in Akron, Atlanta, Charlotte, Chicago, Cleveland, Houston, Jackson MS, New York and Philadelphia. With a capitalization of over $26 million and $75 billion (par amount) of bonds sold in the past five years, Duncan-Williams, Inc. is one of the largest “female-owned” investment banking firms in the nation. The firm has been certified as a Women's Business Enterprise (WBE) by The Women's Business Enterprise National Council.