Art Cashin, a towering figure on Wall Street and director of floor operations at the New York Stock Exchange for UBS, has sadly passed away at the age of 83, leaving a remarkable legacy that spans over six decades.

In a poignant memo shared with employees, Bill Carroll, head of sales and development at UBS Wealth Management USA, announced, “It is with a heavy heart that I inform you of the passing of Arthur Cashin, Jr., a true giant in our industry, highly regarded market pundit.”

Known affectionately as "Wall Street’s version of Walter Cronkite" by The Washington Post, Cashin was a fixture on CNBC for more than 25 years. His insightful market commentary and analysis made financial news both accessible and engaging to the everyday investor.

Cashin kicked off his illustrious career in 1959 at Thomson McKinnon, and by 1964, he had secured a spot as a member of the NYSE, becoming a partner at P.R. Herzig & Co. His career milestones continued to escalate; in 1980, he joined investment bank PaineWebber, where he managed floor operations before the firm was acquired by UBS in 2000. This pivotal era saw the NYSE floor as the bustling epicenter for trading activity in the U.S.

In addition to his executive roles, Cashin was one of three senior executive floor governors and a cherished member of the Bond Club of New York. He belonged to the prestigious high-IQ society Mensa, reflecting his remarkable intellect and dedication to the field.

Among his many contributions, Cashin was widely recognized for his daily newsletter, "Cashin’s Comments," which has captivated more than 100,000 readers daily for over 25 years. His regular segment on CNBC, "Art Cashin on the Markets," showcased his deep understanding of market fluctuations and his sharp wit.

His insights became a staple for investors across the country, making him a household name. Cashin was admired not only for his profound knowledge of markets but also for his humor and charm, serving as one of UBS's most significant brand ambassadors.

Born in Jersey City, New Jersey, in 1941, Cashin’s life was characterized by a passion for finance and a commitment to helping others navigate the tumultuous waters of the stock market.

As we reflect on the loss of this financial icon, the industry mourns a true legend. Cashin's contributions to finance will not only be remembered but will also continue to influence the markets and investors for generations to come.

Stay tuned for updates as we continue to honor the legacy of Art Cashin and explore the impact of his work on the financial landscape.