J. Carter Beese Jr., a former commissioner of the U.S. Securities and Exchange Commission and former principal of Alex. Brown & Sons, ended his life Sunday at a home in Malibu, Calif. The Owings Mills resident was 50.
Mr. Beese was being treated for depression, family members said.
John Carter Beese Jr. was born and raised in Hackensack, N.J. He was a 1974 graduate of Bergen Catholic High School in Oradell, N.J.
After earning a bachelor's degree in economics and political science from Rollins College in 1978, he began his career at Alex. Brown & Sons. He became an officer in 1984, and was named a partner three years later.
In 1990, Mr. Beese was appointed as a director of the Overseas Private Investment Corp. Two years later, he was nominated by President George H.W. Bush to become one of the five members of the SEC. In his two-year term, he focused on cross-border capital flow, the derivatives market and corporate governance.
He returned to Alex. Brown and was chairman of Alex. Brown International from 1994 to 1997. From 1997 to 1998, he was vice chairman of the global banking group at Bankers Trust.
Mr. Beese had been president of Riggs Capital Partners, a venture fund that was a division of Riggs National Corp. in Washington, from 1998 until 2005.
He had been a venture partner and chairman of the advisory committee of Boulder Ventures Ltd., and had been president of RCP Ventures Management Inc., a venture capital management company that closed last year. He was also a senior adviser to Legacy Partners Group, according to a recent article in Forbes magazine.
Last June, he was appointed an independent director of SafeNet Inc., a Belcamp technology company. He was helping with an internal investigation of SafeNet's stock option awards, which also are under federal investigation. The special board inquiry led to two top executives' ouster.
He had been a member of the President's Information Technology Advisory Committee since 2003. He also was a senior adviser to the Washington-based Center for Strategic and International Studies, a nonpartisan think tank, and a governor of financial services for the World Economic Forum. He was active in Republican politics, nationally and locally.
"He was an extraordinarily able young man who had a remarkable career in both business and government," said Truman T. Semans, a former Alex. Brown & Sons colleague and longtime friend.
His local club memberships included the Maryland Club, Green Spring Valley Hunt Club, and the Burning Tree Club. He enjoyed traveling, hunting and fishing.
Plans for funeral services at St. Thomas Episcopal Church in Owings Mills, where Mr. Beese was a member, were incomplete yesterday.
Surviving are his wife of 23 years, the former Natalie Wilson; three sons, John Carter Beese III, Wilson S. Beese and Alex N. Beese, all of Owings Mills; a daughter, Courtney L. Beese, also of Owings Mills; his parents, Elizabeth and John Carter Beese Sr. of Towson; and four sisters, Anne Carroll Kypraios of Winter Park, Fla., Mary Elizabeth Beese of Fort Lee, N.J., Anne Marie Kelley of Ringwood, N.J., and Mary Rogers Fischer of Waldwick, N.J.