Eric Holoman is President of Magic Johnson Enterprises. As such, he manages and directs the corporation’s day-to-day operations including strategy, finance and business development and he oversees many of the organizations prestigious partnerships including those with Starbucks Coffee Company, and T.G.I.Friday’s.
Mr. Holoman has expanded the organizations capital markets presence through partnerships with institutional money management firms Canyon Capital Realty Advisors and Yucaipa Partners. For example, he partners with Yucaipa to oversee and manage the Yucaipa Johnson Corporate Initiatives Fund which is in the latter stages of raising $750 million dollars. The fund is focused on strategic investments in companies located in, or focused on, serving America’s urban markets.
Prior to joining the company, Mr. Holoman served as President of Holoman Food Services, Inc., overseeing the operation of multiunit fast food franchises in inner-city Los Angeles. He later worked for Bank of America, first as a Senior Investment Specialist and later as Vice President of High Net Worth Sales for the Private Bank. He went on to become Senior Vice President and Regional Sales Manager of Wells Fargo Bank’s Private Client Services Division and concluded his career at Wells Fargo as head of the private mortgage bank in Los Angeles.
Mr. Holoman was appointed to the Los Angeles City Employees’ Retirement System (LACERS) by Mayor Antonio Villaraigosa and currently serves as its President. He has been an active participant in the Investment Committee that oversees the funds $11 billion dollars in investments. He is past Chair of the Private Investment Committee that oversaw the funds alternative investment Strategies.
Mr. Holoman was also recently appointed to the Federal Reserve Bank of San Francisco Los Angeles Branch board of directors. As such, Mr. Holoman joins a prestigious group that works together to provide the Federal Reserve System with a wealth of information on economic conditions in virtually every corner of the nation. This information is then used by the Federal Open Market Committee (FOMC) and the Board of Governors in reaching decisions about monetary policy.
Mr. Holoman is a NASD Registered General Securities Principal, Municipal Principal, and Options Principal. He also is a Registered Investment Advisor. Mr. Holoman has a degree in Finance from the University of Southern California.