White, Weld & Co. is a privately held global financial services firm engaged in asset management, investment advisory, investment banking and other capital market activities. Relaunched in 2012, the business is headquartered in Chicago. Previously, White, Weld & Co. was a Boston-based investment bank, historically managed by Boston Brahmins until its sale to Merrill Lynch in 1978. The Weld family name can be traced back to the founding of Massachusetts in the 1630s.
White, Weld & Co.
Type
Privately held company
Industry
Diversified Financial Services
Founded
1895; 128 years ago (1895); 1978; 45 years ago (1978), sold to Merrill Lynch; 2012; 11 years ago (2012), Relaunched
White, Weld & Co. was founded in Boston in the nineteenth century, originally to finance overseas trade. In 1929 it managed Airstocks, a short-lived venture but important because it was an early financial concern exclusively pertaining to airlines and aviation. It developed into a small, well-connected New York investment bank by the twentieth century and a bastion of the WASP establishment. For example, George Herbert Walker Jr., uncle of the first President Bush, became an executive of White, Weld when his firm G. H. Walker & Co. was bought by them in the early 1970s. Paul Hallingby was CEO, Nigel S. MacEwan was President, and Charles J. Fuhrmann II, Steve Hammerman, Harold Janeway, Charles C. Lee, Roberts W. Brokaw III, and George G. Montgomery Jr. were Senior Vice Presidents when the company was sold to Merrill Lynch. As stock markets became more retail-oriented and investment banking became more capital intensive, the firm decided it could not compete and put itself up for sale. One of the firm's most prominent transactions in its final period was the IPO of Walmart in 1970 with Stephens Inc.
Relationship with Credit Suisseedit
One of its most successful ventures was an international investment banking partnership founded in 1970 by Robert L. Genillard as a Managing Partner of White, Weld & Co, with Credit Suisse, called Société Anonyme du Credit Suisse et de White Weld – or Credit Suisse White Weld. Sir John Craven, later head of Morgan Grenfell, led Credit Suisse White Weld from 1975 to 1978. Furthermore, Oswald Gruebel, Credit Suisse chief from 2004 to 2007, began his career in 1970 at Credit Suisse White Weld. When White Weld was purchased by Merrill Lynch, it left the partnership with Credit Suisse and was replaced by First Boston thus creating the Credit Suisse First Boston business in London. The Swiss private banking division of White Weld, founded in 1954 as White Weld & Co. AG, became Clariden Leu.
External linksedit
White, Weld & Co.
Clariden, "About Us"
December 11, 2023
white, weld, this, article, multiple, issues, please, help, improve, discuss, these, issues, talk, page, learn, when, remove, these, template, messages, this, article, does, cite, sources, please, help, improve, this, article, adding, citations, reliable, sour. This article has multiple issues Please help improve it or discuss these issues on the talk page Learn how and when to remove these template messages This article does not cite any sources Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources White Weld amp Co news newspapers books scholar JSTOR March 2023 Learn how and when to remove this template message The topic of this article may not meet Wikipedia s notability guidelines for companies and organizations Please help to demonstrate the notability of the topic by citing reliable secondary sources that are independent of the topic and provide significant coverage of it beyond a mere trivial mention If notability cannot be shown the article is likely to be merged redirected or deleted Find sources White Weld amp Co news newspapers books scholar JSTOR March 2023 Learn how and when to remove this template message Learn how and when to remove this template message White Weld amp Co is a privately held global financial services firm engaged in asset management investment advisory investment banking and other capital market activities Relaunched in 2012 the business is headquartered in Chicago Previously White Weld amp Co was a Boston based investment bank historically managed by Boston Brahmins until its sale to Merrill Lynch in 1978 The Weld family name can be traced back to the founding of Massachusetts in the 1630s White Weld amp Co TypePrivately held companyIndustryDiversified Financial ServicesFounded1895 128 years ago 1895 1978 45 years ago 1978 sold to Merrill Lynch 2012 11 years ago 2012 RelaunchedHeadquartersChicago Illinois U S Area servedWorldwideServicesInvestment management Investment banking Capital marketsWebsitewww whiteweldco com dead link History editWhite Weld amp Co was founded in Boston in the nineteenth century originally to finance overseas trade In 1929 it managed Airstocks a short lived venture but important because it was an early financial concern exclusively pertaining to airlines and aviation It developed into a small well connected New York investment bank by the twentieth century and a bastion of the WASP establishment For example George Herbert Walker Jr uncle of the first President Bush became an executive of White Weld when his firm G H Walker amp Co was bought by them in the early 1970s Paul Hallingby was CEO Nigel S MacEwan was President and Charles J Fuhrmann II Steve Hammerman Harold Janeway Charles C Lee Roberts W Brokaw III and George G Montgomery Jr were Senior Vice Presidents when the company was sold to Merrill Lynch As stock markets became more retail oriented and investment banking became more capital intensive the firm decided it could not compete and put itself up for sale One of the firm s most prominent transactions in its final period was the IPO of Walmart in 1970 with Stephens Inc Relationship with Credit Suisse edit One of its most successful ventures was an international investment banking partnership founded in 1970 by Robert L Genillard as a Managing Partner of White Weld amp Co with Credit Suisse called Societe Anonyme du Credit Suisse et de White Weld or Credit Suisse White Weld Sir John Craven later head of Morgan Grenfell led Credit Suisse White Weld from 1975 to 1978 Furthermore Oswald Gruebel Credit Suisse chief from 2004 to 2007 began his career in 1970 at Credit Suisse White Weld When White Weld was purchased by Merrill Lynch it left the partnership with Credit Suisse and was replaced by First Boston thus creating the Credit Suisse First Boston business in London The Swiss private banking division of White Weld founded in 1954 as White Weld amp Co AG became Clariden Leu External links editWhite Weld amp Co Clariden About Us Retrieved from https en wikipedia org w index php title White Weld 26 Co amp oldid 1160310487, wikipedia, wiki, book, books, library,
