 | |
| Industry | Banking, Finance |
|---|---|
| Founded | 1900 in New York City, United States |
| Founder | George Herbert Walker |
| Defunct | 1974 |
| Fate | Sold to White Weld & Co. |
G.H. Walker & Co. was an investment banking and brokerage firm founded in 1900 by George Herbert Walker, grandfather and great-grandfather of Presidents George Herbert Walker Bush and George Walker Bush, and located at 1 Wall Street.
The firm was originally based in St. Louis, Missouri.
In July 1973, the firm acquired the securities brokerage business of Laird, Inc. [1] The company, later known as G.H. Walker, Laird & Co., was sold to White Weld & Co. in October 1974. [2] [3] White Weld, in turn, was sold to Merrill Lynch in 1978.
Other notable former employees include Bill Donaldson, later founder of Donaldson, Lufkin & Jenrette and chairman of the Securities and Exchange Commission. [4] Bert Walker, later served as chairman and CEO of Stifel Financial in the late 1970s and 1980s. [5]
EF Hutton was an American stock brokerage firm founded in 1904 by Edward Francis Hutton and his brother, Franklyn Laws Hutton. Later, it was led by well known Wall Street trader Gerald M. Loeb. Under their leadership, EF Hutton became one of the most respected financial firms in the United States and for several decades was the second largest brokerage firm in the country.
George Herbert "Bert" Walker Sr. was an American banker and businessman. He was the maternal grandfather of the 41st United States President George H. W. Bush and a great-grandfather of President George W. Bush, both of whom were named in his honor. He was also the amateur heavyweight-boxing champion of Missouri while studying law at Washington University School of Law.
Wood Gundy Inc. was a leading Canadian stock brokerage and investment banking firm. Founded in 1905, it was acquired by the Canadian Imperial Bank of Commerce in 1988 as it attempted to build an investment banking business. The Wood Gundy name was used extensively by the bank's investment banking arm, which was known as CIBC Wood Gundy until 1997. Today, CIBC's investment banking business is known as CIBC World Markets, and the name CIBC Wood Gundy is used as the brand for the bank's retail brokerage business.
Lehman Brothers Inc. was an American global financial services firm founded in 1850. Before filing for bankruptcy in 2008, Lehman was the fourth-largest investment bank in the United States, with about 25,000 employees worldwide. It was doing business in investment banking, equity, fixed-income and derivatives sales and trading, research, investment management, private equity, and private banking. Lehman was operational for 158 years from its founding in 1850 until 2008.
William Henry Donaldson was an American businessman who was the 27th Chairman of the U.S. Securities and Exchange Commission (SEC), serving from February 2003 to June 2005. He served as Under Secretary of State for International Security Affairs in the Nixon Administration, as a special adviser to Vice President Nelson Rockefeller, chairman and CEO of the New York Stock Exchange, and chairman, President and CEO of Aetna. Donaldson founded Donaldson, Lufkin & Jenrette.
Salomon Brothers, Inc., was an American multinational bulge bracket investment bank headquartered in New York City. It was one of the five largest investment banking enterprises in the United States and a very profitable firm on Wall Street during the 1980s and 1990s. Its CEO and chairman at that time, John Gutfreund, was nicknamed "the King of Wall Street".
George Herbert Walker III was an American businessman, diplomat and philanthropist. Walker served as the United States Ambassador to Hungary from 2003 to 2006. He was a first cousin of President George H. W. Bush as well as and first cousin once removed of President George W. Bush and former Florida Governor Jeb Bush.
George Herbert Walker IV is an American investment manager. He is the chairman and CEO of Neuberger Berman, one of the largest independent, employee-owned investment management firms. During Walker's tenure, the firm survived the implosion of its corporate parent, Lehman Brothers, and was repurchased by the employees and has since been amongst the industry's best performers. Walker is the first cousin once removed of 41st U.S. president George H. W. Bush, and the second cousin of 43rd president George W. Bush and Florida governor Jeb Bush.
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Bache & Company was a securities firm that provided stock brokerage and investment banking services. The firm, which was founded in 1879, was based in New York, New York.
Alex. Brown & Sons was the first investment bank in the United States, founded by Alexander Brown in 1800 in Baltimore, Maryland. The firm was acquired by Bankers Trust in 1997 to form BT Alex. Brown, and then integrated into Deutsche Bank in 1999 following Deutsche's acquisition of BT. In 2016, Raymond James acquired Deutsche's U.S. private client services unit, operating under the Alex. Brown brand.
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.
Stifel Financial Corp. is an American multinational independent investment bank and financial services company created under the Stifel name in July 1983 and listed on the New York Stock Exchange on November 24, 1986. Its predecessor company was founded in 1890 as the Altheimer and Rawlings Investment Company and is headquartered in downtown St. Louis, Missouri.
Newmark Group Inc. is a commercial real estate advisory and services firm headquartered in New York City. It operates as Newmark, and is listed on the NASDAQ Global Select Market under the symbol "NMRK".
McDonald & Co. was a full-service investment firm based in Cleveland, Ohio, established in 1927. Internally, it was referred to as "McD" (mick-D). It was sold to hometown bank KeyCorp in 1998, but was eventually sold to the U.S. investment arm of Swiss banking giant UBS AG in 2007.
Marc Alexander Thiessen is an American conservative author, political appointee, and weekly columnist for The Washington Post. Thiessen served as a speechwriter for President George W. Bush from 2007 to 2009 and Secretary of Defense Donald Rumsfeld from 2001 to 2006.
Ryan Beck & Co. was founded in 1946 by John J. Ryan, an investment banking and brokerage firm based in New Jersey. Since its acquisition in 2007, the firm is no longer operating. Today Ryan Beck & Co. continue to provide investment banking and brokerage services under the Stifel brand.
Vladimir Tenev is a Bulgarian-American entrepreneur who is the co-founder and CEO of Robinhood, a US-based financial technology services company.
Thomas A. Russo is an American attorney and former Wall Street executive. He was vice chairman and chief legal officer of Lehman Brothers and general counsel for American International Group (AIG), two of the companies that played a major role in the 2007–2008 financial crisis.
