The founder of the original SUM,
was a forward looking progressive force,
considered the father of industrial capitalism and
an author of Federalism in the United States.
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| Alexander Hamilton |
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Sum2 takes its name from the Society for Establishing Useful Manufactures (S.U.M.), S.U.M. was founded by Alexander Hamilton in 1793. The purpose of S.U.M was to promote useful manufacturing by using the waterpower generated by the Great Falls. S.U.M was the first planned industrial city in North America and should rightly be considered the cradle of industrial capitalism in North America. The area of S.U.M.’s founding was later incorporated as the City of Paterson New Jersey, which would grow to become a major industrial center from the 1800’s through World War 2. Paterson was a key munitions, textile and locomotive manufactory center during the Civil War and thus played a pivotal role in helping preserve Alexander Hamilton’s conception of a Federalist Union of States.
Though the landscape of industrial capitalism has changed during the Information Age, Sum2 was founded to continue the useful and visionary work of the original S.U.M. Sum2 recognizes the strategic importance of manufacturing and will seek to build our business by creating proprietary content, ASP delivery capabilities and mission critical software to implement corporate sound practices for our clients as they seek to create value in the digital economy.
Sum2 looks forward to being useful and vitally important to our clients and to the industries that we serve.
Thank you for your interest in Sum2.
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James B. McCallum is the President and CEO of Sum2, LLC. As a life long resident of New Jersey and with over 25 years of experience in the financial services industry, Mr. McCallum has extensive market and business knowledge of the capital markets. After graduating with a political science degree from William Paterson College, Mr. McCallum has held senior management positions with ADP, Financial Times, Chase Manhattan, Standard and Poor’s, Telekurs, CITCO, Control Data Corporation and Babcock and Wilcox.
Mr. McCallum is a frequent speaker at financial services industry conferences and has lectured extensively on hedge funds, securities data management, enterprise risk management and regulatory compliance programs. Sum2 is currently focused on working with industry participants to address Basel II and to implement operational and sound risk management practices for financial institutions.
Mr. McCallum is very active in community based initiatives and organizations. He resides in Oakland, New Jersey with his wife and three children.
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Better Process Pod Cast
Governance, Risk and Compliance
for Small Manufacturers
(15 mins)
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| Listen to Pod Cast |
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Journal of Financial Regulation and Compliance
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