About Lockhart
The Companies
Contact Us



Wesley S. Williams, Jr. Esq.
Co-Chairman and Co-CEO

No. 44 Estate Thomas
P.O. Box 7020
St. Thomas, VI 00802
Phone: 340-776-1900
Fax: 340-776-1940
E mail: [email protected]
1201 Pennsylvania Avenue, NW
P.O. Box 7566
Washington, DC 20004
Phone: 202-662-5628
Fax: 202-778-5628
E mail: [email protected]

EMPLOYMENT (current)

Partner, law firm of Covington & Burling (Washington, DC, London, Brussels and Paris) since 1975 [specializing in laws affecting financial institutions and their holding companies; in corporate, securities, and insolvency law; and in real estate and other financing law]

Senior Trustee and Member, Executive Committee, Board of Trustees, Penn Mutual Life Insurance Company, Philadelphia, PA (board member since 1978)

Co-Chairman of the Board of Directors and Co-CEO of the Company, The Lockhart Caribbean Corporation and subsidiaries, St. Thomas, U.S. Virgin Islands Board Member since 1978

Member, Boards of Directors, Blackstar Communications, Inc., Washington, DC, and Florida, Oregon, and Michigan subsidiaries [ Home Shopping Network affiliates], since 1987

Member, Board of Directors and Executive Committee, CarrAmerica Realty Corporation, Washington, DC, since 1983

Member, Boards of Directors, Blackstar LLC, Washington, DC, and Nebraska and South Dakota subsidiaries [predominately Fox Network affiliates], since 1995

Member, Board of Directors, Federal Reserve Bank of Richmond (District No. 5, covering Maryland, the District of Columbia, Virginia, North Carolina, South Carolina, and part of West Virginia), effective January 1, 1997

Member, Board of Directors, Salomon Inc. (Salomon Brothers Inc., Phibro Inc., Phibro Energy Productions Inc.), since May, 1997

EMPLOYMENT (past - in reverse chronological order)

Chairman, Boards of Directors, Broadcast Capital, Inc., and Broadcast Capital Fund, Inc., Washington, DC, 1989-92 (board member, 1979-92)

Associate, Covington & Burling, Washington, DC, 1970-75

Adjunct Professor (real estate financing/financial institutions law), Georgetown University Law Center, Washington, DC, 1971-73

Legal Counsel, US Senate Committee on the District of Columbia, Washington, DC, 1969-70

Teaching Fellow, Columbia University Law School, New York, NY, 1968-69

Legal Counsel, District of Columbia Council, Washington, DC, 1967-69


United States Supreme Court, District of Columbia, and New York Bars (formerly General Counsel, District of Columbia Bar, 1979-81)

Judicial Conference of the United States Court of Appeals, District of Columbia Circuit (15 out of last 25 years) American, District of Columbia, Federal, National, and Washington Bar Associations (member, ABA Securitization Task Force)

Executive Committee, Washington Lawyers� Committee for Civil Rights Under Law

Member, American Law Institute

Life Fellow, American Bar Foundation

Council of Past Presidents, Harvard Law School Association (President worldwide, 1992-94)

Listed in latest editions of The Best Lawyers in America (Woodward/White). Who�s Who in America (Marquis/Macmillan), and Who�s Who in American Law (Marquis/Macmillan)

[formerly Committee on Admissions and Grievances, United States Court of Appeals, District of Columbia Circuit, 1980-86]

[formerly President�s United States Circuit Judge Nominating Commission, 1977-80]

[Member, Council on Capital Allocation, National Commission on Competitiveness, 1993-95]


Frequent speaker at professional conferences on subjects relating to financial institution regulation and reform, aspects and implications of increased securitization, and real estate and other financing law

Legal articles in West�s Federal Rules and Decisions, Federal Bar Association Journal, Georgetown Law Journal, and DC Bar Journal

Co-author, A Practical Guide to FIRREA: The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (Executive Enterprises Publications, 1989)

Contributing author, The Workout Game: Managing Non-Performing Real Estate Assets (Executive Enterprises Publications, 1987), The Liability Game: Strategic Planning for Financial Institutions (Executive Enterprises Publications, 1988), Tomorrow�s Banks: Developments Shaping the 1990�s (Executive Enterprises Publications, 1989), The NEW Workout Game: Managing Non-Performing Real Estate Assets (Executive Enterprises Publications, 1991), and other continuing legal education course texts, on real estate and other secured transactions, on management of troubled commercial real estate loan investments, and on arbitration of blank disputes

Editorial Advisory Board, District of Columbia Real Estate Reporter [formerly also BNA�s Lender Liability News]


The Taft School, Watertown, CT, diploma, 1959 (Cum Laude Society; highest awards for scholarship and extra-curricular activities)

Harvard College, Cambridge, MA, B.A., 1963 (magna cum laude, concentration in French literature)

[Second Class Marshal; President, Harvard Glee Club; Editor, Harvard Republican Newsletter; Associate Editor, Advance Magazine; member, Hasty Pudding Institute of 1770]

Fletcher School of Law & Diplomacy, Medford, MA, M.A., 1964 (Woodrow Wilson Fellow, concentration in history of US diplomacy)

Harvard Law School, Cambridge, MA, J.D., 1967

[permanent Class Committee; Secretary, Admissions Chairman, and member of Board of Governors, Lincoln�s Inn Society]

Columbia University Law School, New York, NY, LL.M., 1969 (Feb., with thesis on insurance law)

Columbia University Law School, New York, NY, J.S.D. candidate, 1968-69 (withdrew to become Legal Counsel to US Senate Committee)

Harvard Law School, Cambridge, MA, S.J.D. candidate, since Sept., 1991 (part time), degree expected in 1997 (with dissertation on commercial loan securitization and banking reform)


Board of Trustees, Family & Child Services of Washington, DC (President 1974-77)

Board of Regents, Smithsonian Institution, Washington, DC, confirmed by US Senate and House of Representatives (Chairman, Investment Policy Committee, and formerly Member, Regents� Search Committee for Secretary, Smithsonian Institution, 1993 to 1994)

Member, Overseers� Visiting Committee, The Memorial Church, Harvard University, Cambridge, MA

Member, Overseers� Committee on University Resources Harvard University, Cambridge, MA

Life Member, Washington (DC) Urban League

Board of Directors, World Affairs Council of Washington, DC, Inc.

Commander, American Society of the Most Venerable Order of the Hospital of St. John of Jerusalem

[formerly Executive Committee and other offices, Board of Overseers, Harvard University, Cambridge, MA, 1985-91; Chairman, Overseers� Visiting Committee, Harvard Divinity School, Cambridge, MA, 1986-91; Member, Committee to Search for a President, Harvard University, Cambridge, MA, 1990 to 1991]

[formerly Secretary and Interim President Officer, Board of Trustees, Protestant Episcopal Cathedral Foundation (corporate parent of the Washington National Cathedral, of Beauvoir, National Cathedral, and St. Albans Schools, and of the Cathedral Colleges of Preachers and of the Laity), 1982-90]

[formerly Executive Committee and other offices, Board of Directors, National Symphony Orchestra Association, Washington, DC, 1973-91]

[formerly Member, Washington, DC, Selection Panel, President�s Commission on White House Fellowships, 1992-93]

[formerly President, Board of Trustees, National Child Research Center, Washington, DC, 1980-82 (board member, 1978-82)]

[formerly Member (elected), Board of Directors, Harvard Alumni Association, Cambridge, MA, 1979-82]

[formerly Member, Board of Trustees, The Taft School, Watertown, CT, 1971-76]


Licensed Lay Reader, Catechist, and Preacher, Episcopal Diocese of Washington

St. John�s Church, Lafayette Square, Washington, DC, Church School teacher for adult and teenage groups (Vestryman 1979-83 and 1992-96)

Member (from time to time), Board of Examining Chaplains, Episcopal Diocese of Washington (lay examiner in Holy Scripture)

Co-Chair, Soper Advisory Committee, Episcopal Diocese of Washington (administration of major testamentary trust for community and Church development initiatives and grants)

[formerly Chairman, Nominating Committee, Election of Seventh Bishop of Washington, Episcopal Diocese of Washington, 1989-90]

[formerly President, Standing Committee, Episcopal Diocese of Washington, 1983-88]


Born November 13, 1942, Philadelphia, Pennsylvania

Married to former Karen Roberta Hastie, August, 1968. Mrs. Williams is currently a partner in the Washington, DC law firm of Crowell & Moring, and a director of Continental Airlines, Crestar Bank, Crestar Financial Corporation, The Enterprise Foundation, Fannie Mae, Gannett Co., Inc., SunAmerica, Inc., and Washington Gas Light Co.; and was formerly a member of the Trilateral Commission. A graduate of Bates College (B.A., 1966), Fletcher School (M.A., 1967) and Catholic University Law School (J.D., 1973), she previously served, after confirmation by the Senate, as Administrator, Office of Federal Procurement Policy (OMB), and earlier as Chief Counsel to the US Senate Committee on the Budget, and law clerk with the United States Supreme Court and United States Court of Appeals.

Father of one daughter, Amanda, born in 1974, a 1996 graduate of Harvard College (magna cum laude), and now a Woodruff Fellow and second-year candidate for the combined MD and MPH degrees at Emory University; and two sons, BO, born in 1976, a post graduate Oppidan at Eton College (Windsor, England), 1994-95, and now a student at Harvard College (Class of 1999); and Bailey, born in 1978, a student at Amherst College (Class of 2001).

Good working knowledge of French, German, Italian, and Spanish, basic reading knowledge of Biblical Greek and Hebrew, and a limited familiarity with a half dozen other foreign languages.


Alpha Phi Alpha and Sigma Pi Phi Fraternities

Hasty Pudding Institute of 1970, Cambridge, MA (alumnus)

Lincoln�s Inn Society, Cambridge, MA (alumnus)

Harvard Clubs of Boston, MA, New York City, and Washington, DC

Waltz Group of Washington, DC

University Group of Washington, DC

Metropolitan Club of Washington, DC

City Tavern Club of Washington, DC

City Club of Washington, DC

Chevy Chase Club, Chevy Chase, MD

St. Thomas Yacht Club